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Trade
Round the clock trading on Forex
Most monetary speculators who trade on Forex during the week working, like all other people. The idea that traders is definitely rich gentlemen in business suits who spend days discussing financial matters, is not entirely true.
How do people have time to work on the major works, and to trade on the Forex market? It's very simple, because the Forex operates around the clock for all.
Unlike many other markets, there are about 10 hours a day, foreign exchange market does not stop its work at night. This is made possible through the device of Forex, which I will discuss next.
You may have already heard that Forex is not an exchange, and so called, it is the same vernacular turnover like calling any copier a "Xerox". Remember, "copy" and all that? Now, Xerox is a brand and not the name of all copiers.
Same thing with Forex, which is not an exchange, a particular country. It is an interbank system that combines liquidity from various marketplaces around the world. Of course, since we are talking about the markets of different countries, then you need to take into account the difference in time zones.
For example, the European markets open in the morning European time, in the United States, respectively, of the exchange started late because of the time difference. For this reason on Forex it is accepted to divide the day into several global periods, when referred to the European, Pacific, American markets etc.
A schedule of all trading sessions - when do you open the markets of different countries Moscow time (details, details).
While some markets operate in the daytime of their countries, other sites are "asleep", then they switch. The week starts with the Asian session at night (Moscow time), from Sunday to Monday. In the morning join the European Union, and in Asia auction ends. Then, in the case involving the Americans and so on, so what we are seeing permanent change of sources of liquidity.
Trade around the clock
Forex allows you to work at any time of the day, which is very convenient. Not every man can make deals during the day, while at his work. In this case, traders trade in the evenings, at night, use long-term trading strategies and use the Forex advisors.
It is worth considering that the market can vary from one trading session to another. Yet the interest in different currencies changes greatly, when it comes, for example, venues in the United States and Asia. However, it is impossible to compare the volumes of trades in this example, because the US has the highest liquidity. This factor necessarily affects the market price.
You can often find such opinions:
• while working on the Asian markets it is convenient to make scalping trades in price channels;
• when do the exchanges of the United States, the probability of occurrence trend of price movements;
• when the opening of the European platforms as a rule, significantly increases the volatility of the Forex.
This means that experienced currency speculators who have chosen one or another method of trading, prefer to work at a certain time of day. For example, a professional scalper, who really wants to sell through the channel, limit your work hours activity Asian markets.
Hour Forex not mean that you can equally well enter into transactions at any time of the day. Every trader gradually develops his own view of trading, which means that will appear new needs. If the novice don't care what time of day to trade which currency pair to use is that professional speculators are much more picky about trading conditions.
Forex is closed in the night from Friday to Saturday, when stop the work of the US exchanges. At this time, other countries have "sleep" in preparation for the weekends, that would be two days to keep the bidding open. On weekends, most Forex brokers do not work, although some sites still operate. On Saturdays and Sundays easier to trade binary options on currency using IQ Option, which operates on weekends (very handy if you have no time to trade during the week).
So, the Forex market is the clock, which opens great scope of opportunities for foreign exchange traders. You can make transactions even at night if during the day you can't devote time to trading.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 278
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