Forex Forums |

Go Back   Forex Lasers Forum > FOREX TRAINING > Forex Articles

When you SHOULD Trade in Forex

Forex Articles

LinkBack Thread Tools Search this Thread
Old 08-12-2017, 18:30
Join Date: Mar 2014
Posts: 979
Default When you SHOULD Trade in Forex

Forex Timing

If you have watched the film Frozen, you should know what it likes to be frozen in time. You might think why we have brought such a topic in forex understanding when we are saying it is open 24 hours. But it is for your own good. Because there is a time you should trade to make money with the market movement, here up, and you shouldn’t trade with the market moving down.
And at times, there will be time, when the market will be frozen in time and will not move. It is just like as if Elsa had used her superpower on Forex market. It might be hard to digest, but it does happen in Forex. That is why it is important for you to know when you should trade to make money.\

Forex Trading Hours

The forex market has major 4 trading hours. They are the Tokyo session, the New York session, the Pip crawler’s favorite time to trade and the Sydney session.
Each of these 4 major time zones is divided into two sessions. the summer and the Winter.
Here is a chart for you to familiarize yourself with the time zone of Forex Trading Hours.

Figure: Summer Time Zone

Figure: Winter Time Zone

The openings and closings of these time zones are their local times. If you look closely, you will find that there is a time when the two sessions overlap. In summer, the Tokyo and London session overlap, whereas in Winter the London and the New York session overlap.
When two markets are open, it is very profitable to trade in Forex as more money are transferring from hands. It is also the daytime for business dealers, which makes it the rush hour for money making in Forex trading.

This is the starters for your Forex trading hours. Trading in the forex also involves the movement of pips.
It is not important that you only look at your forex trades and do not trade at other times. In fact, Forex is not that simple. It also involves the movement of pips in the trading session.

Here is a chart which will show you how the major currencies moves in the trading hours of the forex in average

Figure: Average Pip movement in Forex trading hours

You can watch it on the table that, European sessions are most likely to give you the best possible pip movement in average.As a trader, you should always be aware of the forex timing since it will allow you to execute the best trades in the market.

Reply With Quote
Old 11-12-2017, 05:09
Level IV Lasers Member
Join Date: Apr 2016
Posts: 250
Default Re: When you SHOULD Trade in Forex

My last advice is to analyze the daily chart even if you are planning to trade in a shorter time frame. Daily charts can be used to keep an eye on the market’s overall direction.
Reply With Quote
Old 18-12-2017, 05:10
Level IV Lasers Member
Join Date: Jul 2016
Posts: 115
Default Re: When you SHOULD Trade in Forex

Yeah, we need to learn about the Analysis and not just a single one but all the three and we also have to learn about keeping the balance over all the three kinds of Analysis.
Reply With Quote
Old 29-12-2017, 15:07
Level IV Lasers Member
Join Date: Feb 2014
Posts: 224
Default Re: When you SHOULD Trade in Forex

Great, But as a beginners traders first learn the basics of Forex because without knowledge and skills it will be difficult to manage Forex well, so do not hesitate to learn forex before a start.
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trading Psychology: Trade to Trade Tomorrow ForexArticles Forex Articles 0 29-06-2017 15:52
Trade the break-out, trade the bounce, or wait ForexArticles Forex Articles 0 21-09-2016 09:40
How to Trade Forex Toney0198 Forex Discussion 0 30-07-2015 12:15
Forex auto trade - How to get monthly cashback from forex trading asafp584296 Software / Signals / Services 1 15-01-2012 18:44

All times are GMT. The time now is 04:03.

Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2021, vBulletin Solutions, Inc.