Archives
-
▼
2009
(217)
-
▼
February
(66)
- Ten Future Terrible Taxes Terminated
- Taxes Fan-Effing-Tastic
- From Togas to the Tea Party to the Internet
- E-Tax System
- Financial Crisis Affects America
- How to Criticize Effectively
- Have a Relaxing Season with Money Saving Tips for ...
- What is Microeconomics ?
- Doing Your Christmas Shopping Online
- Eliminating Employee Theft in the Workplace
- Getting a Raise In Sixty Days
- Teaching Your Employees To Follow Directions
- Finding And Hiring Top Employees
- Doing Your Last Minute Christmas Shopping
- Saving Extra Money Tips for Everyone
- How To Find Bargains With Christmas Shopping
- Global Financial Crisis
- Do Your Christmas Shopping Early
- Christmas Shopping Within Your Budget
- Strategies For Saving Money
- Free Up Earnings By Saving Money On Electricity
- Paid Surveys To Earn Money
- The Genuine Paid Survey Site
- Have You Considered The Benefits Of Saving Money
- Silver Card Pre-Paid MasterCard
- Contental Finance Mastercard Credit Card
- Tribute Gold Mastercard Credit Card
- Continental Finance Gold Mastercard
- Capital One No Hassle MilesSM Rewards Credit Card
- First Premier Bank Platinum Credit Card
- Total Visa Credit Cards
- Citi Platinum Select Card Credit Card
- Capital One Platinum Visa Credit Card
- New Visa Black Card
- E-Banking Inside a Bank
- Top Benefits Of E-Banking
- Top Issues in E-Banking
- California Mortgage Rates
- Obtain Online Mortgage Advices
- Mortgage Companies Bad Loans
- Home Equity Loans
- Getting A Mortgage With Bad Credit
- Are Credit Cards The Way To Pay Your Mortgage ?
- Which Is The Right Home Loan For You ?
- The Most Commonly Sought Benefits Of Refinancing Y...
- Importance Of Comparison Shopping When You Refinance
- How To Choose Your Lender When You Want to Refinan...
- The Tax Implications Of Refinancing Your Home
- Refinancing Your Home Is Not A Good Idea
- Forex Trades Online
- Forex Trading Strats
- Unique Tricks of Forex Trading Online
- Earn Good Money with Forex Trading Software
- Trading in Forex Market’s Explosive Nature
- Get Ready to Face the Forex Market with the Right ...
- Making Money With Forex Exchange
- Learning About Forex Trading
- Forex Trading Involves
- Keys To Forex Trading Success
- Track Your Time In Forex To Increase Profits
- How To Trade Currency
- US Bailout Causes Dollar And Yen To Rise
- Risks in Forex Trading
- Advantages Of Forex Trading Software
- Top Reasons To Do Forex Trading
- Wealth Building Suggestions for Women
-
▼
February
(66)
Track Your Time In Forex To Increase Profits
One advantage of a foreign exchange market compared to other investment markets is its operating hours. The forex market is open 24 hours everyday for six days in a week while commodities and stock markets are only open for trading from Monday until Friday and during regular business hours only.
But the situation in forex market is different. Even if you feel trading at 3:00 am EST Sunday morning, you can easily put your trade in the market. But even if the market is open 24 hours per day and six times a week, it is still important to know the specific or best time when the market is active and placing a trade is at best.
The forex market may be open round the clock, but the financial centers such as London, New York, Tokyo, Frankfort, and Australia follow their own operating hours that usually start at 8 in the morning and ends at 4 in the afternoon, local time. For example, if the local time in Tokyo is 8:00 a.m. and a Monday, the market of Tokyo will open even if it is already 10:00 in the evening EST, Sunday night. Given this example, it is best to take advantage of the time to trade on the market.
There are many financial centers that are operating around the world and given the situation, it is not surprising that two or more markets might have overlapping hours. For example, the markets of New York and London will overlap starting from 8:00 in the morning until 12:00 in the afternoon, EST. Meanwhile, the overlapping in London and Tokyo market will occur from 3:00 in the morning up until 4:00 the next morning, EST. Sydney market will overlap Tokyo staring from 7:00 in the evening and will end at 2:00 in the morning already. These overlaps in time are actually considered as the best time for trading since liquidity is at its peak. In addition, doing your trade during mid-week and simultaneously trade with London, Tokyo, and New York are also considered as the best time for trading.
But, if there are the best time to trade, remember and do not forget the specific time or day where forex trading is at its low point. Trading on a Sunday, Friday, and during holidays is a bad idea. There is a limited volume of trades that occur during Sundays and holidays while Fridays are said to be unpredictable. Avoid doing your trade in time for the economic reports’ release and do not take the risk of placing your trade between the hours of 6:00 pm until 6:00 pm, EST since there is a low market volume.
But the situation in forex market is different. Even if you feel trading at 3:00 am EST Sunday morning, you can easily put your trade in the market. But even if the market is open 24 hours per day and six times a week, it is still important to know the specific or best time when the market is active and placing a trade is at best.
The forex market may be open round the clock, but the financial centers such as London, New York, Tokyo, Frankfort, and Australia follow their own operating hours that usually start at 8 in the morning and ends at 4 in the afternoon, local time. For example, if the local time in Tokyo is 8:00 a.m. and a Monday, the market of Tokyo will open even if it is already 10:00 in the evening EST, Sunday night. Given this example, it is best to take advantage of the time to trade on the market.
There are many financial centers that are operating around the world and given the situation, it is not surprising that two or more markets might have overlapping hours. For example, the markets of New York and London will overlap starting from 8:00 in the morning until 12:00 in the afternoon, EST. Meanwhile, the overlapping in London and Tokyo market will occur from 3:00 in the morning up until 4:00 the next morning, EST. Sydney market will overlap Tokyo staring from 7:00 in the evening and will end at 2:00 in the morning already. These overlaps in time are actually considered as the best time for trading since liquidity is at its peak. In addition, doing your trade during mid-week and simultaneously trade with London, Tokyo, and New York are also considered as the best time for trading.
But, if there are the best time to trade, remember and do not forget the specific time or day where forex trading is at its low point. Trading on a Sunday, Friday, and during holidays is a bad idea. There is a limited volume of trades that occur during Sundays and holidays while Fridays are said to be unpredictable. Avoid doing your trade in time for the economic reports’ release and do not take the risk of placing your trade between the hours of 6:00 pm until 6:00 pm, EST since there is a low market volume.
Category:
Forex Trading
Added: Sunday, February 22, 2009
