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Forex trading
1. When You Should Trade To Make the Most Profit in Forex Trading
Most of us have learned that Forex is
known as a 24 hour market, and it's
possible to trade all hours through the day
and night. What you haven't been told will
eliminate your profitability. Forget any
notion of trading whenever you want. To
become a successful Forex trader you have
to know when and why to trade during
certain Forex trading hours. The following
paragraphs will educate you on how to pick
the right time to trade Forex.
Forex Trading is a Foreign Exchange spot
market in which traders meet to trade
currencies. Forex Trading is definitely the
largest, most volatile market, and it has the
most liquidity out of any market. Everyday
1.8 trillion dollars are traded in the Forex
market. This is not a game for little boys!
The biggest players in Forex are large
major banks. It's the banks that you are
competing with, and it is the banks that
move the market. Real-time Forex trading
is really a skill that takes time to learn.
When You Should Trade To Make the Most Profit in Forex Trading ( Courtesy of HenryLiuForex.com )
2. When You Should Trade To Make the Most Profit in Forex Trading
You're competing against Ivy League whiz
kids and automated trading expert advisors. If
this frightens you, take up a game of bridge at
the senior citizen center, and try your shot at
something safe like government bonds ---
Forex is for individuals that are not afraid to
take risks. No risk, no reward! Live Forex
trading is really a virtual game of hide and
seek: The big banks and your fellow Forex
traders are out to get you. Forget about the
success you've had in demo accounts, real
time Forex trading is really an entirely
different ball game. Take your time reading
this
When is a good time for you to trade Forex?
The biggest joke that's played on new Forex
traders is the myth that Forex can be
profitably traded at all hours of the day. It's a
big disservice to newcomers because they end
up trading at the most unprofitable times of
the day. Live Forex trading isn't really round
the clock. Let Us find out when you should
trade.
When You Should Trade To Make the Most Profit in Forex Trading ( Courtesy of HenryLiuForex.com )
3. When You Should Trade To Make the Most Profit in Forex Trading
The most effective Forex trading hours are
when there is an overlap in between two major
sessions.
The major sessions are:
New York
starts up at 8:00AM to 5:00PM US EST time
Tokyo
starts at 7:00PM to 4:00AM US EST time
Sydney
opens at 5:00PM to 2:00AM US EST time
London
starts up at 3:00AM to 12:00 noon US EST time
When You Should Trade To Make the Most Profit in Forex Trading ( Courtesy of HenryLiuForex.com )
4. When You Should Trade To Make the Most Profit in Forex Trading
The absolute best time to trade is in the
period when the New York session and
the London session overlap. For
individuals on the east coast of the United
States, this is in between 8AM EST and
12PM EST. This overlap in sessions is
when most of the major action takes
place, and it's also where most intraday
traders should trade. During this time, it
is not odd to see a currency pair like the
EUR/ USD shift 100 pips.
If your main goal is to do any kind of day-
trading, do it during this overlapping
time. The time before the Asian session
closes overlaps with the start of the
London session (3 am to 4 am); this is a
good time for you to jump on some early
market momentum. Understanding the
right Forex trading time will keep you out
of trouble.
When You Should Trade To Make the Most Profit in Forex Trading ( Courtesy of HenryLiuForex.com )
5. When You Should Trade To Make the Most Profit in Forex Trading
Live Forex trading is significantly different from trading on a demo account. Real-time Forex
trading is dictated by when you decide to enter a trade. By only trading in the prime time, when
two sessions overlap, when most of the liquidity is being pumped into the market; a trader will
be able to get a piece from all of the major moves of the day. Understanding when to trade
comes behind money management and self-discipline. Enjoy your new found knowledge.
When You Should Trade To Make the Most Profit in Forex Trading ( Courtesy of HenryLiuForex.com )