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Forex trading

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http://www.henryliuforex.com
If you are looking for information on economic news and currency market forex, look no further, because you’ve found it! You’ll not only find money making trade plans and analysis on upcoming economic news, but also videos from actual trades taken live during these news releases based on the same trade plans, all for free!

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Forex trading

  1. 1. Not Knowing The Proper Time Of Day To Trade Fore Can Lose You Money Weve all been told that Forex is a 24 hour market, and that it is possible to trade all hours of the day and night. What you have not been told will kill your profitability. Forget any notion of trading whenever you want. To be a profitable forex trader your must know when and why to trade during specific forex trading hours. This article will teach you how to pick the perfect time to trade forex. Forex is a Foreign Exchange spot market where traders converge to trade currencies. Forex is the largest, most volatile market, and it has the most liquidity out of any market. Every single day 1.8 trillion dollars are traded in the forex market. This is not a game for little boys! The biggest players in Forex are large major banks. It is the banks that you are competing with, and it is the banks that move the market. Real time Forex trading is a skill that takes time to learn. Not Knowing The Proper Time Of Day To Trade Fore Can Lose You Money ( Courtesy of HenryLiuForex.com )
  2. 2. Not Knowing The Proper Time Of Day To Trade Fore Can Lose You Money You are competing against Ivy League whiz kids and automated trading systems. If this intimidates you, take up bridge at the senior citizen center, and try your shot at something safe like government bonds --- Forex is for people who arent afraid to take risks. No risk, no reward! Live Forex trading is a virtual game of hide and seek: The big banks and your fellow traders are out to get you. Forget about the results youve had in demo accounts, real time Forex trading is an entirely different game. Take your time reading this site because Forex rewards traders who take their time on educating themselves about the market. When is the best time to trade Forex? The biggest joke that is played on new Forex traders is the myth that Forex can be profitably traded at all hours of the day. It is a big disservice to newcomers because they end up trading at the most unprofitable times of the day. Live Forex trading isnt really 24 hours. Lets learn when to trade. Not Knowing The Proper Time Of Day To Trade Fore Can Lose You Money ( Courtesy of HenryLiuForex.com )
  3. 3. Not Knowing The Proper Time Of Day To Trade Fore Can Lose You Money The best Forex trading hours are when there is an overlap between two major sessions. The major sessions are: New York opens at 8:00 am to 5:00 pm EST Tokyo opens at 7:00 pm to 4:00 am EST Sydney opens at 5:00 pm to 2:00 am EST London opens at 3:00 am to 12:00 noon EST Not Knowing The Proper Time Of Day To Trade Fore Can Lose You Money ( Courtesy of HenryLiuForex.com )
  4. 4. Not Knowing The Proper Time Of Day To Trade Fore Can Lose You Money The absolute best time to trade is during the time when the New York session and London session overlap. For people on the east coast of the United States, this is between 8 am EST and 12 pm EST. This overlap in sessions is when most of the major action happens, and it is where most intraday traders should trade. During this time, it is not odd to see a currency pair like the EUR/USD move 100 pips. If your goal is to do any kind of day-trading, do it during this overlap. The hour before the Asian session closes overlaps with the open of the London session (3 am to 4 am); this is a good time to jump on some early momentum. Knowing the correct Forex trading hours will keep you out of trouble. Not Knowing The Proper Time Of Day To Trade Fore Can Lose You Money ( Courtesy of HenryLiuForex.com )
  5. 5. Not Knowing The Proper Time Of Day To Trade Fore Can Lose You Money Live Forex trading is much different from trading on a demo account. Real time forex trading is dictated by when you decide to trade. By only trading during the peak hours, when two sessions overlap, and when most of the money is being pumped into the market; a trader is able to grab a piece of all of the major moves of the day. Knowing when to trade comes behind money management and discipline. Have fun with your new found knowledge. Not Knowing The Proper Time Of Day To Trade Fore Can Lose You Money ( Courtesy of HenryLiuForex.com )

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