The next lesson, let me bring you to compare price movements in a few
hours. This time the lesson will discuss about the best hours for trade
and relation to the volume of forex transactions.
The image above is the look of the GBPUSD use metatrader for 24 hours
using the time frame of 15 minutes. This means that one candlestick
charts represents the movement of the DOLLAR for 15 minutes.
So knowing when the market opened hours will greatly help us to find out
how the currency movements. And don't forget to equalize with a
currency that We are operating with. As an example let's say We trade
GBPUSD then it is important for us to know what time the market United
Kingdom opened and what time does the US market opened. The second
meeting took place when the opening hours and when the market is closed?
Well if you trade USDJPY, then when the British market opened and how
it relates to trading we are not problems at all. Instead we must know
when to trade Yen many do and also with
USD. That is why if
You trade currencies on European countries or the United Kingdom most
movements occur at night. If you look at the charts the morning GBPUSD,
it felt really sluggish price moves. Most fundamental news pertaining to
the State in question also appears on the hours in which the marketnya
is opened. This of course adds to the liveliness of the
price. Now
the question is precisely what hours the market is opened. What if I
trade the AUD? What time does market AUD opened? Don't worry, learn
Forex has provided his summary for you. Note the picture below:
The area that is given the color green is where the market is held. For
example, the JPY market opened from 7:00 until 15:00 PM EST or if
replaced with format GMT be 00.00 – 08.00 GMT. Thus it can be said at
the Yen in active trading. Contrary to market the USD, the market opened
at 8 pm until 04.00 PM morning. That's why at night it feels USD more
active moves. Opening hours of the market we can find out why the pair
USDJPY loses active compared with GBPUSD e.g. in trade each day. And he
said there was at the time of the second meeting of the existing market.
On the second market GBPUSD met between 20.00 until 23.00 where both
markets opened. While the USDJPY has never had hours wherein a second
market opened. That's why the DOLLAR is very active in the 20.00 to
23.00 pm while the USDJPY was not very active all day long even though
it cannot be also said to be sleeping at all.
Well this will help you to adjust when the best hours in the trade for you personally. If you are an employee who worked from morning to evening so it does not have enough time to see currency movements through Office then maybe you can trade at night. Not only helps so that the concentration of jobs you do not split (so the Boss grumpy) but also in the evening price move faster so time to wait the price reaches the point of Taking Profit becomes shorter. Bertradinglah on the European and US currencies. For example EURUSD, USDCHF GBPUSD.
or
If you are a retiree or a housewife who in fact have enough time observing the movement of the currency, there is no harm in trading on AUDUSD USDJPY or IE countries that the difference in time is not too far with Indonesia or Malaysia where we live
. It should be noted also that sometimes a faster movement of the currency and high volatility does not always ensure that we obtain a profit. If you are a pure technical analysts then often the hours by the time the market opened was an annoying hours because technical analysis We often sidetracked because of the large number of issues and fundamental news which could lead to price moves with active all. Those who trade using technical analysis tends to prefer a quiet situation and can be predicted by a number of their indicators. That's why a lot of trade even in the morning that even though the movement happens with sluggish once but at least the currency can be predicted with better. Now from here, specify how You want to trade? If you prefer technical analysis, it is better to avoid the fundamental news that emerged at a time when the market is open. Bertradinglah it is precisely at a time when the market is being closed to get the best results. Conversely, if you like a crowd and acceleration into the main factor then look for the hours in which the market is opened.
Well this will help you to adjust when the best hours in the trade for you personally. If you are an employee who worked from morning to evening so it does not have enough time to see currency movements through Office then maybe you can trade at night. Not only helps so that the concentration of jobs you do not split (so the Boss grumpy) but also in the evening price move faster so time to wait the price reaches the point of Taking Profit becomes shorter. Bertradinglah on the European and US currencies. For example EURUSD, USDCHF GBPUSD.
or
If you are a retiree or a housewife who in fact have enough time observing the movement of the currency, there is no harm in trading on AUDUSD USDJPY or IE countries that the difference in time is not too far with Indonesia or Malaysia where we live
. It should be noted also that sometimes a faster movement of the currency and high volatility does not always ensure that we obtain a profit. If you are a pure technical analysts then often the hours by the time the market opened was an annoying hours because technical analysis We often sidetracked because of the large number of issues and fundamental news which could lead to price moves with active all. Those who trade using technical analysis tends to prefer a quiet situation and can be predicted by a number of their indicators. That's why a lot of trade even in the morning that even though the movement happens with sluggish once but at least the currency can be predicted with better. Now from here, specify how You want to trade? If you prefer technical analysis, it is better to avoid the fundamental news that emerged at a time when the market is open. Bertradinglah it is precisely at a time when the market is being closed to get the best results. Conversely, if you like a crowd and acceleration into the main factor then look for the hours in which the market is opened.
