Sunday, October 13, 2013

Forex trading hours

Forex is the trade market unlike certain other markets. The remains of the Forex market allows mobile and open twenty-four hours on the Tag.Dies happens not traders to act, at any time and wait until the market opens on the Forex as on the stock exchange.


One thing know successful traders, however, is the proper time or optimal, do trade. This aspect of market hours is crucial to a market operator with respect to the success.

The Forex market remain open 24 hours, maybe a day, but it is better to trade when the market is active, because it more opportunities to make a profitable trade to active both the market and activity. An active market translates into a larger trade volume. This means that there are more active currency movements, if the market is active, and this creates a better chance to catch a boat that made a profit. When the market is very quiet and slow, keep most Forex dealers a waste of their time game.

The Forex market is open twenty-four hours twenty-four and because are open four major forex markets at different times. Main markets are the New York market, the Tokyo market, the market Sydney and London. The New York market is open from 08 am to five at the time of the afternoon. For the Tokyo market hours are seven in the evening until 04:00 East Coast time, and for the Sydney market, they are five time side is at 02 in the morning in the evening.

 The London market is from 03:00 until 12:00 side is. This means that the opening of markets in New York and London from 08 until noon EST, opening markets in Sydney and Tokyo from 19 until 20:00 this and are markets, London and Tokyo open from 03 to 4 pm EST. The times, these markets where overlap and can be opened at the same time, it has the largest volume of transactions and the best chance to achieve a profitable business.

The Forex market is open 24 hours per day, but commercial markets-specific times. The four main markets Forex are London, Tokyo, New York and Sydney. By understanding, certain hours that each market which can bring a Forex investor better earn currency trading. Time overlapping between these markets offer the best opportunities for large transactions on the Forex market. This is because the market is more actively translated with a larger volume of profitable trade.

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Thursday, October 10, 2013

The U.S. Dollar Index Chart: What It Means For Forex Trading


The U. S. Dollar Index is an index for currency traders, and it consists of a geometric weighted average of a basket of foreign currencies against the United States Dollar. The U.S. Dollar Index, just like stock indexes, provides a general indication of the value of a basket of securities. In this case the basket holds securities that consist of other major world currencies.

The U.S. Dollar Index has a basket that consists of six foreign currencies. These are the Euro, the Yen, the Cable, the Loonie, the Kronas, and the Francs. The index is made up of six currencies, but it includes seventeen countries. This is because there are twelve members of the European Union, plus Japan, Great Britain, Canada, Sweden, and Switzerland. These seventeen countries may only be a small percentage of the countries in the world, but there are many other currencies that follow the U.S. Dollar Index closely. The index is a great tool for measuring the global strength of the United States Dollar.

The components of the U. S. Dollar Index have a geometric weighted average. This is to factor in the fact that not every country is the same size, so each country is given an appropriate weight when the U.S. Dollar Index is calculated. Euros account for a large portion of the U.S. Dollar Index, more than fifty percent. The other five countries in the basket make up a combined total of forty three percent of the basket, with euros consisting of the other fifty seven percent.

The Federal Reserve uses another kind of dollar index, and this is called the trade-weighted U.S. Dollar Index. This index was created by the Feds to more accurately reflect the value of the dollar against foreign currencies based on the competitiveness of U.S. goods compared to other countries. The biggest difference between these two indexes is the basket of currencies that are used as well as the relative weights of the currencies. The weights are based on annual trade data, and this is why it is called the trade weighted U.S. Dollar Index.

No matter which U.S. Dollar Index you are looking at, these indexes help Forex traders know the value of the United States Dollar, and the global strength as well. Forex traders use these indexes to help them determine the value of a currency when compared to the U.S. Dollar. There are two U.S. Dollar Indexes, and the second one is called trade weighted U.S. Dollar Index. This index is based more on actual trade data, but countries are given weights in this index as well.

Wednesday, October 9, 2013

A profitable Forex strategy



Copyright 2006 Timothy Rohrer, win money in the Forex market is not an easy task by any means. However, because a little education and knowledge of the market, perhaps simply to take advantage on the market Forex. Most traders learn at the end that it is easy for systems to create wealth. Analysis and reflection can sometimes affect your strategy and trading methods.

I'll explain here that the business method is likely to bother you a bit and will probably go against everything you have ever learned about Forex. However, you must relate, it is my personal strategy and how to make money. It may not work for the next person, but he showed me a way to make a large sum of money on the foreign exchange market.

Told by your Forex training, you should have heard commercial dealers always with a stop-loss. If you do not know what is a stop-loss, it is easy to say an order to the broker if you want to cut your losses. Negotiate with a stop-loss order period. What is that? How can I earn money without a stop loss? I tend to believe that the big players in the Forex market as this market in certain directions, take other positions of the merchant-stop-loss order to drive. For banks to make money, they must take the money, stop-loss on the other dealers market orders. I have let banks not me personally.

Secondly, on each trade just a few pips to. In some cases, this is known as scalping market. On each transaction, I see perhaps 6 pips or how I would like to say only 3, inside and out.

The next question would be "How white I at the entrance and exit from the market?", I use a number of indicators can be combined with a thorough analysis trend lines and channels. Indicators say when you entry and exit and the branch of the market for the next few months the trend lines give me until a few years. Gave me a good idea to indicate where the market in a few years a good idea if I buy mode or sell mode on a daily basis.

How is it possible, without to survive a stop-loss? Very simply, risking large amounts on each transaction. I have my account by trade balance risk only a tenth of it. For example the trade I have just $1 - lot on a $10,000 account. As a result, I do not have the level of stop loss is to use. If the market, this is no problem making 200 points. At the time wherever the market 200 moves the points I made 100 profits from different professions for each 3 to 6 pips. If the market further away from me, I still have every victory of the day, which eventually offset some losers and finally it will override trade. When the market comes back in my favor, the losing trades you will enjoy every step of the way.

Sunday, October 6, 2013

Why You Can Become Wealthy From Trading Forex





Forex Trading has long been touted as a method to financial freedom. Is Forex trading as difficult to become involved in as some might have you believe? Find out how and why you can become wealthy from trading Forex.

For those of you not familiar with Forex Trading the goal is to profit by moving foreign currencies around. It’s a method of investing in international market currencies and it’s all about why you can become wealthy from trading Forex.

As more and more people become familiar with how and why you can become wealthy from trading Forex, the popularity of it grows and more and more people jump on the bandwagon. It’s a very lucrative and exciting business that can bring wealth to those who get involved. And you can take part from the office, home, and from any country in the world.

There are no time constraints - buy and sell 24 hours a day. It’s all done electronically so there are no time constraints and it’s just another reason why you can become wealthy from trading Forex.

Forex Trading is both difficult and easy to get involved with. It takes a bit to get the hang of it, to understand that it really isn’t a game of chance and that there are some proven strategies and that’s why you can become wealthy from trading Forex.

What Forex requires is discipline, commitment, a choice of a trading system. As a trader you have to be able to cut your losses when they are small and when things are doing well you reap the profits. These are very important pointers when it comes to being a Forex trader and it is the secret to success and why you can become wealthy from trading Forex.

If you get in and out of trades in a short period you reduce your risks which is why many have turned it into a day trading event. There are time honored traditional strategies like swing trading and position trading both of which reduce your risk and that’s why you can become wealthy from trading Forex.

Cutting edge technologies with the internet allow you to view real time information and currency prices and it is all for free. Your dream of independence is just a few clicks away. You can make a full time income all from the comfort of your home. That’s why you can become wealthy from trading Forex.

Friday, October 4, 2013

The U.S. Economy And Forex Trading





Forex trading is trading on the foreign exchange market. This market trades foreign currencies from all over the world. The U.S. Economy, as well as the global economy, plays a big part in the analysis that is done by Forex traders to help them make good investment decisions.

There are numerous reports on the U.S. and global economy that are used by investors in the foreign exchange market, and learning how to read and analyze these reports on the United States economy is important to be successful in Forex trading. There are numerous reports on the condition of the economy in the United States, and these reports reflect upon the value of the U.S. Dollar. Forex trading is based on the market value of both currencies that are being traded, so if the U.S. Dollar is weak, then you would trade them for a currency that you believe will appreciate in value. The currencies on the Forex market are quoted in pairs, and they look like this xxx/yyy, where x and y are different currencies. The first currency, or x, is the base currency, and that is what you are getting. The second currency, currency y, is called the quote, or counter, currency, and that is what is being sold in exchange for currency x.

Unemployment, housing, and numerous other economic indicators are the basis for economic reports that directly affect the Forex trading. Some of these reports include government reports like the Gross Domestic Product, which is considered the broadest measure of the economy of a country. This report represents the total market value of all services and goods that were produced by a country in a given year. The consumer price index is another report that is analysed by Forex traders to understand the condition of the U.S. economy. This report measures changes in the prices of goods for consumers in two hundred different categories. By comparing this report to U.S. exports for the same period, can be used to figure out if the United States makes or loses money on the services and products.

The U.S. economy greatly affects the Forex market. Economic indicators, such as government and private reports on different sectors of the economy, are analysed by Forex traders to anticipate whether the United States dollar will weaken or strengthen. By knowing what is happening in the U.S. Economy, Forex investors can minimize the risks and maximize the benefits. The economy of any country whose currency is traded on the Forex market will affect the market.

Tuesday, October 1, 2013

Three Simple Forex Trading Strategies





No one ever said that trading success was easy. It takes time and you need to know and understand your market, as well as have a good bit of self control. These three simple Forex trading strategies will help keep you on track.

If someone tells you that you can continuously make money in a foreign exchange market they are either lying or they have no idea about the market they talk about. Foreign exchange has always been a volatile market and it still is today. Add trading on margin and the volatility goes up even more. But three simple Forex trading strategies can keep you in the green.

For you to make successful trades you need to understand and take into account the data and then make an informed decision based on your understanding and what you expect from the market. Just three simple Forex trading strategies will make all the difference to you.

1. Never trade with money unless you can afford to loose it

Trading on Forex markets is speculative and don’t let anyone tell you differently. That means losses can occur. It’s also exiting and somewhat addictive and the more you get involved the harder it is to clearly see what the right thing is to do. These three simple Forex trading strategies will certainly help keep you on track. Trading on Forex should enhance not hurt your life.

One of the keys to the three simple Forex trading strategies is to know your exit strategy. You should also determine what time frame you are making your trades on. What is it you want to get out of your money and the market? Sure you enjoy the thrill of the hunt but you really need to have a time frame and a goal of where you are going.

Use your three simple Forex trading strategies to do what the pro traders do. 9 and 14 RSI are the most common trend lines and then there are 9, 20, and 40 day moving averages. The closer you want to get to where the pro traders do the more precise your calculations for your estimates are going to have to do.

These three simple Forex trading strategies are just a start to the strategies available to try. If your life needs a little excitement and you could use a few extra dollars do give Forex trading a try.

Let these three simple Forex trading strategies be your guide.