Tag Archives: Trade

Forex Trading Articles

Forex Trading Times Gmt – The Best Time of Day to Trade Forex

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Forex Trading Times Gmt

The forex market operates in all times zones of the world. It is a 24hr market that operates five days a week. Though there is a measure of activity at almost any time that falls in the waking hours of any country in the world. Most profit is made when the market is most active. It is therefore important that you know the best time to trade so as to maximize your chances of making a profit.

The following are the time zones of the major forex markets (GMT).
Sydney: 10pm-7am, New York: 1pm-10pm, London: 8am-5pm, Tokyo: 12am-9am
The Australian market wakes up first followed by Asia, Europe then America.

The forex market has 3 major sessions per day; the London that trades EUR, GBP, and USD; the US that trades AUD, EUR, GBP, JPY, and USD and; the Asian that has the JPY as the major currency. Forex Trading Times Gmt

The greatest volume of currency trade takes place in the London closely followed by the US market. The most active trading hours world-wide are the three hours 1pm-4pm GMT when these two markets overlap. These are the key day trading hours when most traders are in the market. It is the most liquid point of the market. Most of the profitable trading opportunities occur in this period. This is the best time to trade. Trade within these three hours, and you stand the chance of making the most of your forex trading. News that affects currencies is also released during this period.

The days of the week also have their effect on trading. Tuesdays and Wednesdays have proven to be the best days for trading. Avoid trading on Fridays, Sundays and holidays. Friday’s unpredictability makes it a poor day for trading whilst there is little currency movement during holidays. Forex Trading Times Gmt

Forex Trading Articles

Forex Trading Game Download – Learning to Trade Currencies Online With a Forex Trading Course

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Forex Trading Game Download

I began my spread betting journey with a Forex course which showed the fundamentals of Forex spread betting starting with a forex course by “Andy X” called ‘insider signal’. The course showed the use of ‘Metatrader’ – a trading platform which you can download to follow the markets, and trading fundamentals and signals. I signed up with a spread betting company called capitalspreads.com which allows you to trade from your laptop at home.

The good thing about most of these spread betting companies is that they allow you to demo trade – you get a ‘play’ account with £100 000 ‘play’ money to learn the process of trading without having to risk real money. The bad thing about this is that it can give you a false sense of security. Trading with real money is very different and the added pressure can easily distract you into making bad decisions and breaking from your initial trading plan. Forex Trading Game Download

After I had been trading for several months with small amounts I slowly started increasing my steaks. An initial winning streak made me over confident and I took some heavy losses when I upped the steak. I continued to learn and signed up to a new course which took a slightly different approach.

I liked this course as it focused on choosing only the very best trades and ignoring the others. Most of my time was spent on making sure the trades I was looking at were technically perfect and ‘Hector’ taught only to enter those trades and always to leave the others. Since losses are part of the trading game it is as much about limiting losses as making winning trades. Forex Trading Game Download

General Forex

Forex Euro Dollar Rate – How to Trade on Currency Pairs

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Forex Euro Dollar Rate

Many traders think of the stock market when they hear about binary options. However, the Forex also offers retail traders great opportunities to make some high returns. Binary Forex options trading allows you to limit risk and see profit in little as one hour. Here we’ll discuss what Forex binary options are, how they are used and which strategies you can use to profit.

Let’s begin with a short explanation about the Forex before we get into binary Forex options trading. A global, decentralized over-the-counter financial market for the trading of currencies, the Forex, or Foreign Exchange Market, allows banks and other institutions to easily buy and sell foreign currencies. Financial centers around the world act as hubs for trading between a large variety of buyers and sellers day and night, except for weekends. For example, it enables an American company to import products from South Africa and pay in Rand even though its income is in dollars.

The exchange rates of currencies on the Forex fluctuate (floating currencies) according to the market. A currency’s value rises if the market demand for it surpasses the available supply and drops in the opposite scenario. This is where binary Forex options trading comes in – a new type of investment that allows the average person to be active on the Forex. Binary Forex options trading via an online platform offers you a tool to purchase Call and Put positions on chief currency pairs like the US Dollar against the Japanese Yen and the US Dollar against the Euro, among many others. Forex Euro Dollar Rate

Online Binary Forex options trading enables the middle or amateur investor the chance to trade on the Forex with smaller amounts of capital but with the same high yield returns as any other method. Plus, returns can be collected in just one hour. What you are doing with this form of trading is attempting to predict whether or not one currency in a pair will trend up or down against the other.

Let’s look at the Forex options trading available at online binary options trading platform anyoption.com – a leader and pioneer in the field. They offer trading on the following pairs: Forex Euro Dollar Rate

Australian Dollar (AUD)/US Dollar (USD)
Euro (EUR)/British Pound (GBP)
Euro (EUR)/Japanese Yen (JPY)
British Pound (GBP)/ Japanese Yen (JPY)
New Zealand Dollar (NZD)/US Dollar (USD)
Euro (EUR)/US Dollar (USD)
US Dollar (USD)/British Pound (GBP)
US Dollar (USD)/Japanese Yen (JPY)
US Dollar (USD)/ South African (RAND)
US Dollar (USD)/Canadian Dollar (CAD)
US Dollar (USD)/ Swiss Franc (CHF)

Each Forex options trading currency pair has an expiry level calculation. Let’s look at AUD/USD as an example. This currency pair, like most, has hourly, end of day, end of week and end of month expiry times. The expiry formula is the sum of the ASK value and the BID value, divided by two [(ASK+BID)/2]. The result is rounded up if the fifth decimal digit is 5 or higher and rounded down if the last decimal digit is 4 or lower. Forex Euro Dollar Rate

Forex Trading Articles

Insider Forex Secrets Plr – Insider Secrets to Becoming a World Class Forex Trade Pro the Sneaky Way

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Insider Forex Secrets Plr

Listen the Forex markets are crazy markets where fortunes are made and destroyed in mere moments. The sad fact is that many people lose their shirts trading Forex. So if you are going to enter this crazy fun profession then you want to learn how to trade like a Forex pro.

There are 3 insider secrets that the top pros use and profit from. Take these as golden and you will be certain to join that coveted top 10% of traders who actually profit from the currency markets.

Secret #1 – Forex Trading Software

Software – when it comes to software don’t skimp open source or shareware programs, your financial future is simply not worth the risk. The fact is that top traders use their software on a daily basis. It is their lifeline to the markets and to the data that allows them to make profitable trades on the Forex. So get the best and use it.

What to look for – The best programs have a simulator mode that allows you to “practice” with the live markets. This mode is great for testing theories or to build your chops with classical trading tools such as stochastics, Fibonacci sequences. They allow you to build experience with no financial risk. Some of the top products even have the ability to find and execute profitable trades for you automatically. Insider Forex Secrets Plr

Secret #2 – Kill The Emotions And Make Profitable Trades

The bottom line is that an emotional Forex trader is nothing more than a gambler. Letting your emotions get involved in your trading decisions is the #1 cause of training failure. You can get a good notion of how bad emotions hurt your trading by sitting and watching an emotional gambler at a casino. You can sit and watch as fear and greed guide their every decision and they end up throwing good money after bad.

The top traders in this industry make calculated logical decisions based off of the facts. They do not follow their gut, or let their fear of loosing their little profits force them out of a profitable trade too early. This is where your next secret comes in.

Secret #3 – The Right Trading Strategy

The fact is that the only way to overcome your emotions is to have a “mechanical” trading system. This is a strategy where one event automatically triggers another. For instance a 1-2-3-bottom formation when the MACD lines cross each other in the 80% range. Execute on breakout over the #2 high point.

That is a mechanical trading strategy. A particular chart pattern happens, two other indicators confirm it and a trade is executed at a specific price point. This kind of strategic planning goes a long way to taking your emotions out of your trading and creates a profitable trading career. Insider Forex Secrets Plr

Forex Trading Articles

Forex Trade Systems – How to Use Automated Forex Trading Software to Earn Big Profits

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Forex Trade Systems

Forex trading is one of the fastest growing activities that individuals engage in online. Aside from the fact that it earns you extra profit, it’s also a good identify to learn the different aspects of the world wide market. One way to get ahead in this kind of business is to have automated forex trading software.

Before we look at the advantages of having automated forex trading software, let’s first learn what it is. It is important that you know the capabilities of your trading software. Having a good understanding of its features and mechanisms will be the key you need to make sure it provides the information you want. The output is what you need in order to be successful in the trading business. Forex Trade Systems

Automated forex trading software is basically a forex robot program that automatically does the trading interactions for you. Say goodbye to long and difficult computations, the forex robot program will do the math for you. What they do is scan the market and automatically makes trades based on how they are programmed. The best part is that it requires little human intervention. But just like any other machine, maintenance is still a must just to make sure that it’s working as designed. Here is a list of some its advantages:

* Since there is less to zero human interface, the automated forex trading software helps minimize or eliminate involvement of emotion. As human beings when we know we are about to loose we tend to start questioning our decision making skills that could lead to more human error.

* It can do the trading for you 24×7. The trading market is open 24 hours a day, 5 days a week. You want to make sure that you don’t miss any opportunities to earn profit. Your automated forex trading software can watch and do it all for you.

* It is available for you online. All you have to is log on from your computer once you get home. Forex Trade Systems