When is the time to trade forex ?
Forex can be traded 24 hours a day and 5 days a week. The main trading centers are in London, New York, Tokyo, and Singapore, but banks throughout the world participate. The biggest foreign exchange trading centre is London, followed by New York and Tokyo. Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the US session and then back to the Asian session, excluding weekends
The following approximate market schedule is based on New York local time: japan forex markets open at 19:00 followed by singapore and hong kong that open at 21:00. European markets open in frankfurt at 2:00, while london opens at 3:00. New york forex markets open at 8:00. European markets close at 12:00 and australian markets start again at 18:00.
Forex can be traded 24 hours a day and 5 days a week. The main trading centers are in London, New York, Tokyo, and Singapore, but banks throughout the world participate. The biggest foreign exchange trading centre is London, followed by New York and Tokyo. Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the US session and then back to the Asian session, excluding weekends
The following approximate market schedule is based on New York local time: japan forex markets open at 19:00 followed by singapore and hong kong that open at 21:00. European markets open in frankfurt at 2:00, while london opens at 3:00. New york forex markets open at 8:00. European markets close at 12:00 and australian markets start again at 18:00.
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ReplyDeleteGetting into forex trading is usually quite a challenge in the beginning, but with the right forex secret trading advice, you will be able to get the profits that you want in no time. The foreign exchange market is a relatively volatile one so you always have to be ready with what it has to offer before making a trade. This means getting the right information and signals so that you can analyze this information and make better decision. Here are some great pieces of forex secret trading advice from seasoned forex traders that may just help you once you decide to get into foreign exchange market trading:
1. Learn, Learn, Learn!
To be able to be the best that you can be in forex trading, you really have to get down to it and learn the ropes! It takes a lot of hard work to be able to read up on forex trading and learning the nuances of the business. Learning the ropes simply take discipline to do online research on the topic, reading books about it, joining forex trading forums so that you can ask other forex traders about their businesses, and basically finally doing it and learning the nuances of the trade through hard experience.
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3. Be Prudent
Don't go into the forex trading business with too much confidence. In fact, plan your strategy so that you can learn the ropes and invest a relatively conservative amount of money first before diving in deep and making big investments. Remember that you are still a beginner, so it is best to follow this piece of forex secret trading advice so that you don't lose all your money at once and regret your forex trading experience for the rest of your life.
4. Simplicity Is Best
As you learn more about foreign exchange trading, you may want to keep your strategy simple first as you begin to learn the nuances in forex trade. Keep it simple while you learn the terms and the different information that you receive to boost your trading actions. It is best to take it slow, make conservative investment, and learn the trade as fully as you can with this forex secret trading advice before jumping into it fully.