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Trade
While working Forex
Forex trading is available to traders at midnight from Sunday to Monday. Job market - due to the time difference of countries, stock exchanges which form a system Forex. The market finishes its work at midnight between Friday and Saturday. Thus, we can talk about round-the-clock work of the currency market with breaks on weekends. During holidays, the system valid, except for the January holidays. Even if the exchange is one of the countries does not work due to the official day, which is celebrated in the country, the market continues to operate.
Each exchange has its own timetable. Due to the difference in time there is a period offset of one of the exchange relative to another. Thus, intersecting with each other a certain number of hours of work, exchanges of different countries as if to replace each other in Forex. For example, in the morning Moscow time, open the exchange in the UK. Then, in the second half of the day will start trading in the U.S., and then in a few hours, closed markets in the UK.Such cyclicality in the financial institutions of different countries suggests that while working Forex around the clock.
* Moscow time
Important events, appointments, meetings, etc., tend to occur during the operation of the relevant market. For example, if a planned meeting of Euro-Union, the event is most likely during the operation of stock exchanges of London, Paris and other European countries. Should not expect much news on the Euro-zone in the midst of the Asian session.
If to speak about Moscow time, the most important news relating to Europe and America, will go from early morning to 19: 00. The morning will be news from Europe, and in the second half of the day when will start the working day in America, the information will come from the American colleagues.
Work schedule Forex
can be divided the market into three time periods:
1. Asian session. Such countries as Japan, China, Australia and others, you open the trading week on Forex. At the time of this session in high demand can use a currency, popular in the participating countries of trading, the yen, the dollar of New Zealand. The pound, the franc, and canadian dollar are at this time much less in demand.
2. European session. When activity on stock exchanges in Asia subsides and their activity is completed, open the European markets. It becomes immediately noticeable is an increased demand for the pound, Euro, franc. Liquidity in the market at this time is greatly increased. Stands up to start trading to pay attention to economic calendar, as you may receive important news related to Europe, which will affect the market situation.
3. American session starts at 16: 00 Moscow time. The American market is the most liquid of all, and therefore, in this session it is possible to observe strong price movements of many currency pairs. Becomes an increased demand for the Canadian dollar. Work during this session will be of interest primarily to traders who appreciate the high volatilnosti on the market. To the closure of the American markets open Asian that picks up the baton.
Features of the currency markets
The us dollar, is in demand at any time of the day. No one trading session the American currency will not be deprived of attention. If, for example, the Euro is not really listed during the Asian session, and the yen in European markets, the dollar is constantly in demand. You must understand that if we plan to use in their work, the trend of price movement in the market, you should choose the currency pair for which demand in a given time in the market is high.
The demand for that currency also affect the value of the spread. During the Asian session when some couples do not use the market demand, it is possible to observe the widening of the spread. At this time, of course the least profitable to work with these tools. It makes sense to pay attention to the more popular at the moment, pairs, spreads are likely not so large.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 303
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