forex working time

May 21, 2010 by Forex Trading Staff in Forex Trading Platforms | Leave a comment

forex working time
forex working time

Forex Real Time Trading

 

In the past individual investors had very limited choices for investing their available finances, such as investing in stocks, which are high-risk and may fall behind their value in few minutes without warning. Small financial entrepreneurs had little alternative, they could invest in goods like ores and securities but they had to wait for a long time period before they could obtain any earnings from such ventures.

Today the financial market stays as is except for the forex market, the new rewarding venture that appeals 1000s of small investors. Forex is a real time trading market that involves the purchasing of one currency while selling a different one.

The special attribute of forex real time trading is that you can monitor the market live, without brokerage firm. A real time forex trader can make deals at any moment as the FOREX market works 24/7, which gives investors the chance to make currencies transactions at every given moment.

There are few vital tools that all forex traders must have and one of them is an automated forex trading system that allows traders to buy and sell currencies automatically via the internet.

Imagine jumping out of bed every morning looking forward to seeing what the automated Forex trading system has made for you !! Getting up will no longer be a chore, you will be itching to get up and check your computer knowing that the software has been working away religiously, funnelling money into your bank account with absolute consistency  while you sleep.

ForexReviewed.info is a site dedicated for private investors and forex beginners that need a little push to understand which automated forex signal service to choose for the profitable financial tour they are about to take. They are available 24/7 to offer you the most updated reviews that every online forex trader must read.

 

About the Author

Forex Reviewed

Forex and Stock Traders....Read this...?

Forex and Stock Traders that have success. I know that You won't tell me how to actually trade Your system or method, but i am just saying,....it would be a really good thing if You did. You don't know how I feel trading for 4 years, everyday, trying out differnet methods. none of them work. I'm just saying it would be a really goo dthing if You told me. I am in such stress right now, and please, don't tell me to take a break from Forex. Do You remember when You first started trading FOREX? It was really hard. And then, You found something, a secret of the Market trading. Well, I am using all differnet kinds of indicators, methods, systems, advices, and they don't work. Please, I don't want to quit with 4 years of wasted time in my life. Just send me an email....Dan7974@yahoo.com

Thank You.

p.s. again, I would be very happy if someone owuld help me.

4 years is a long time. Do you have any mentor ? Maybe you should ask around ? There are bascially 3 things in Forex you must remember. 1. Money Management. 2 Trade management 3 Trading Psychology. All 3 must work. 80% of the time traders especially novice spent 80% of their time twitching their system. Which is important. But you can get it right but nver see you Acct Equity grow. Becasue to see it grow. You need the other 2 legs, Trading psychology. And Money Management. If you have never heard of this before its time to take a "break" i know you hate to hear that word. But to jump higher you need to flex your knees and go down abit. So take a break, restrategise, do some reading, do a course, get a mentor. To break a habit takes 30 days. Its a battle out there. And its a mental battle. So behave as if you are in a battle. You are the general of your Forex Army, namely your equity. There are some resources here might help you so do take a look. And drop me a line if you need some more pointers. If i were you, start with Dr Alexander Elder's Trading for a living and Come into my Living Room. And also get the work book. But please, take a break and restrategise. Dont "revenge" trade. There is a fine line between "gambling" and "Trading". Also another fine line between "Addiction" and "Working". Whatever it is i have been there. No insult intended.

http://www.geocities.com/lcming/Forexbooks

http://www.geocities.com/lcming/ForexForex

http://www.geocities.com/lcming/Forexsignals

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Earn Money for Savings and Investment: Be a Forex Trader

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forex trading hours clock

May 17, 2010 by Forex Trading Staff in Forex Mentor | 2 Comments

forex trading hours clock
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Forex Trading, What Hours Should I Be Ready For Trading?

Once you have decided to enter the Forex trading world you will find that FX trading has many advantages over other capital markets. Including among others; very low margins, free trading platforms, high leverage and around-the-clock trading.

It is my main concern in this article to let you know what hours you should be ready and focus for start trading, so you can expect the highest profits in your trades, and not just consider that around-the-clock trading means you should randomly trade through out the day.

In short, it is important to know what the best hours to trade are because if you want to find an appreciable number of profitable trades you need to enter the forex market at the best period of time, i.e., when the activity, the volume of transactions, is the highest.

At any given time; somebody, somewhere in the world is buying and selling currencies. As one market closes, another market opens. Business hours overlap, and the exchange continues as day becomes night and night becomes day. Giving you 5.5 entire potential trading days.

Forex Trading begins in New Zealand at Sunday 5pm EST, and then is followed by Australia, Asia, the Middle East, Europe, and America in this order and through out the day and through out the week until Friday 4pm EST when the American market closes.

Other important facts every Forex trader should know are: the US & UK markets account for more than 50% of the forex market transactions; Forex major markets are: London, New York and Tokyo. Nearly two-thirds of NY activity occurs in the morning hours while European markets are open. And maybe one of the most important characteristics; Forex Trading activity is heaviest when major markets overlap.

So, the answer to the question; "What hours should I be trading?" is dictated by this last characteristic, you should trade when the major markets overlap. Now, when do they overlap?.

Considering the different time zones of the world and open and close times for Australian, New Zealand, Japan, America and Europe markets. We can arrive to the conclusion that there are two major time gaps when two of the major markets overlap during trading hours.

These hours are between 2 am and 4 am EST (Asian/European) and between 8 am to 12 pm EST(European/N. American).

So if you want to catch the best trading opportunities of the day and you are in the American continent you must be ready to wake up early or go to sleep late some times. Of course things change around the world. What's the best region where to trade from if you can't wake up early?... Maybe the Ukraine.

About the Author

Adrian Pablo is a Forex freelance writer with articles published in a number of places. Get a free report on Fibonacci Trading and learn more about the world of forex trading , visit:

http://www.1-forex.com

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Forex Robot Trader - Your Personal Programmable Money Machine!

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forex time frames

May 15, 2010 by Forex Trading Staff in Forex Trading Platforms | Leave a comment

forex time frames
forex time frames

The importance of using larger time frames for Forex trading strategies

A larger time frame can be considered any time frame larger than the one you are looking at to identify a trade entry.

There are valid trading techniques and methods for almost any time frame however it is always important to be aware of what is actually taking place on the larger time frames such as the four hour and daily charts.

Support and resistance are key levels we must always be aware of even if we trade on a five or 10 minute chart.
Often times day traders will use a smaller timeframe to identify entries and profit targets and their focus becomes myopic and they no longer look at the larger four hour and daily charts.

I would like to discuss an example of using the four hour and daily charts to determine whether or not the market is trending or inside of consolidation which often times can be found using the larger time frames.

Knowing where support and resistance is on the daily or four hour chart isn’t always possible to see using the 30 minute chart. Always giving the larger time frames a quick look before making a trading decision will work in your favor.

When I conside entering a trade on the 30 minute chart (for example) price might be inside consolidation. When it appears price may be making a move, however looking at the daily chart might show a significant old resistance level that is now possibly acting as a support level, if only temporary. This daily support level might not noticeable on the 30 minute chart by itself.

Identifying this support level on the daily chart keeps me from making a trade decision to quick without looking for confirmation.  I may need to wait for some significant economic data that will make some kind of an adjustment and re-evaluation of this currency pair or it may simply take time before sentiment wins over in one direction or another.

At this point, I will isolate the consolidation area on the 30 minute chart and when I see a breakout candle, again I will look at the four hour or daily chart.  Hopefully at the time of the breakout candle on the 30 minute chart I will see some kind of candle pattern on the four hour or daily.  This could either confirm the bounce off of this possible support area on the daily chart or indicate that price will be moving lower and breaking through the support level.

No matter the outcome, what is very important is always to remember using the larger time frames as an additional source of confirmation for your Forex trading strategies.

About the Author

L.C. is the head trading coach and mentor at udaytrading.com with over 7 years Forex trading experience.
He has mentored hundreds of students with his Forex trading startegies.
www.udaytrading.com

I need real expertise ok? About moving average in forex?

If we have to choose one, what is the MOST watched moving average in forex.. and what time frame? thanks..

i was thinking 200EMA? but not sure which timeframe.. thanks!

NO SPAM
is there a most watched MA for forex trends?

for example most traders watch X on the X timeframe to see trend

The correct length has to do with how long you intend to hold your position. 200 day is frequently used in the stock market by investors who want to hold their positions for years. (There are about 200 trading days in a year.).

If you plan to hold your position for a day or two, then the average should be in hours.

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FOREX TRADING - Importance of longer time frames

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