hi Visitors Thanx for Visit --- PLZ NEED FOR YOUR SUPPORT
C. L . I - X -- ALL - A - D - S PLZ SUPPORT THANX
----MORE PICS AND CLIPPS UPDATING ----
PLZ H-E-L-P M E E ..
Why Trade Forex
- Take control of your own finances.Beat the returns from mutual funds, hedge funds or managed funds.
- Start-up costs are low when compared with day trading stocks or futures.
- Forex is the world’s largest market. No one can corner the market.
- With a trading volume of around $3.2 trillion dollars a day( Bank for International Settlements April 2007), no single entity can control the market for an extended period of time.
- You can make money when the market is going up or down.
- Forex markets trade 24 hours a day. There is no waiting for the opening bell.
- Technical analysis works very well and the market trends well.
- Forex offers up to 100:1 leverage but it is wise avoid very high leverage if you can afford it. Stocks offer 1:1 or 2:1.Futures offers 15:1 leverage.
- The forex market is the most liquid in the world. Traders can almost always open or close a position at a fair price.
- You can make money working only a few hours a day or week on your computer.
- You can trade from anywhere in the world where there is an internet connection.
- You can gain experience without risking your own money by using a free demo account.
- When trading stocks, there are over 40,000 stocks to choose from. In forex, you can choose one or two currency pairs and focus your analysis.
|
Best Times To Trade Currencies
Forex is a 24 hour market and there will be good setups for profitable trades in the Asian, European and US sessions. It pays to look at historical price data on forex charts to see what time of the day you could be watching the market and what time you could be doing something else. The aim is to trade when the average trading range is worthwhile and stay out of the market when price is in a narrow sideways range.
There are good online and downloadable tools at forex market hours
The market opens on Monday morning in Wellington New Zealand .8 am Wellington time is 8pm GMT,9pm BST,4pm EDT (Sunday evening New York time)
GMT | Sydney | Tokyo | Frankfurt | London | New York |
---|---|---|---|---|---|
2200 | 1800 | ||||
2300 | 1900 | ||||
0000 | 2000 | ||||
0100 | 2100 | ||||
0200 | 2200 | ||||
0300 | 2300 | ||||
0400 | 0000 | ||||
0500 | 0100 | ||||
0600 | 0200 | ||||
0700 | 0300 | ||||
0800 | 0400 | ||||
0900 | 0500 | ||||
1000 | 0600 | ||||
1100 | 0700 | ||||
1200 | 0800 | ||||
1300 | 0900 | ||||
1400 | 1000 | ||||
1500 | 1100 | ||||
1600 | 1200 | ||||
1700 | 1300 | ||||
1800 | 1400 | ||||
1900 | 1500 | ||||
2000 | 1600 | ||||
2100 | 1700 |
The market closes for the week at 4pm EDT on Friday.
where BST is British Summer time ,EDT is Eastern Daylight Time USA.Check your local time at http://forex.timezoneconverter.com
The most active pairs during the London session are EURUSD with 39% of the trading volume, GBPUSD with 23%, USDJPY with 17%, USDCHF with 6% and USDCAD with 5%.
New York is the second largest forex market place. The busiest time is 8am to noon EST. News releases can result in a volatile market.
Sometimes volatility is low in the Tokyo session and sometimes good moves occur. The USDJPY is the most active pair with 78% of the volume followed by EURUSD with 15% and EURJPY with 5%