Forex trading is exciting and offers suras & # 39; oznamu currency traders the potential to earn sur & # 39; serious cash. If you are not familiar with Forex term, let me explain. Forex – foreign exchange market is where one currency, eg the US dollar (USD) was trading another, the euro (the European dollar). Currency traders try to take advantage of any movement or rate fluctuations between the currency pair, known as the only product to make profits.
Forex Market – one of the largest markets in the world. Inside information, and no movement between pairs of currencies is largely due to cash flows and macroeconomic conditions worldwide, which are considered as the news in real time.
The market is open 24 hours a day, and it allows traders to easily trade at any convenient for them day and night. As in any market, there are tendencies that are used to predict when there may come a time of great about the & # 39; trade, but be careful, and this can be disastrous, if you treat it. Traders say that a good time to trade when trading sessions overlap occurs between the two markets. This is the time when the foreign exchange market may be the most active, if will be a great expectation about the & # 39; transaction volume. Below is a list of hours (ERP) forex trading:
In London, from 3:00 to 12:00 EST (EST)
In New York, 8:00 to 17:00 EST
In Sydney, from 5:00 pm to 2:00 am EST
In Tokyo, from 7:00 am to 4:00 am EST
Now we find the hours when two sessions overlap:
Between London / Tokyo – 3:00 to 4:00 am EST
Between New York and London – from 8:00 to 12:00 at the south-east
Between Sydney / Tokyo – from 7:00 to 2:00 AM EST
Thus, if you are trading a currency pair over EUR / USD, a good time to trade, if the expectation of a large number of trades (on & # 39; v) will take place between 8:00 am and 12:00 EST Unique visitors to, as the two markets are open at the same time . In addition, since anywhere trading market is always open in the world, all world currencies can continue to trade.
Regardless of whether you are an experienced or new to the Forex market can be profitable to pay close attention to indicators of time and other strategies to increase your chances of success in the Forex market.