Posts

Showing posts from February, 2021

BEST DAY TO TRADE FOREX

Image
We already know that the  London session   is the   busiest   compared to other sessions, but there are also a few days a week where all markets tend to show more movement. ===== Here are the best days to trade forex : =====  As you can see from the chart above, it is the best time to trade in the middle of the week following many big movements occurs.  On Fridays, the market usually moves fast until 12:00 pm and then moves slowly as it is close to the closing time of the session at 3:00 am. This means, we only work half a day on Fridays.  Busy times which all traders all over the world enter the market are usually the best time to trade as high volatility will provide a great opportunity to enter trading positions To get connected with forex market, connect with us on telegram channel:       VIP FOREX KING

THE BEST TIME TO TRADE FOREX

Image
Usually, the market will be very active when two or more markets  overlap at one time   and the   overlap time  which is very popular for traders to trade The  best time to trade   is during overlaps in trading periods between open markets. Overlaps equal higher price ranges, resulting in increased opportunities. Here’s a closer look at the three  overlappings  that happen every day: ===== US/LONDON ===== US/London  the  largest overlap  in the US/London market. For your information, 70% of all trades occur when these markets overlap because the  US dollar  and the  euro  are the two most common trading currencies. As the volatility ...

FOREX TRADING SESSION

Image
The forex market is open 24 hours a day, five days a week from Monday to Friday. This allows traders from all over the world-changing hands when buying or selling currency pairs. First of all, you need to know that the forex trading session time is divided into several main sessions namely  Asian Session, European Session, London Session, New York Session. As we know, there is a huge time gap between Australia and America (about 16 hours). Therefore, it is not surprising that the trading market never sleeps because if one country’s market is closed, another market is being opened, and so on. ===== There are 4 forex trading sessions: ===== Asian session European session London session New York Session ASIAN, LONDON, NEW YORK SESSION There are several currency market sessions traded around the world that affect currency movements within 24 hours a day. The table above shows the market time chain opening from 6.00 am (Malaysian time) in the Asian market followed by the European market...