The document discusses situations when traders should avoid trading forex, including bank holidays when low liquidity can increase costs, high impact news releases that cause volatile price movements, and important central bank meetings. It recommends staying on the sidelines during these events, and provides forex trading calendars to identify them. The best times to trade are during the London/New York session overlap from 1-4pm GMT when liquidity is highest.
Trade Forex From Home - 10 Biggest Mistakes New Forex Traders Make (And How T...ForexTraining
Its a fact that 94% of new Forex traders fail. Read the '10 Biggest Mistakes New Traders Make' so you don't make them too. The report has been written by me, Annabel Meade from http://www.tradeforexfromhome.com. I educate people to work less and earn more trading the Forex market. How much would you like to earn working 15 hours or less per week?
Inside this ebook you will discover about the mindset and trading how to trade on forex, have realistic expectations and have the power of patience be organised in the approach to the market etc.
Trade Forex From Home - 10 Biggest Mistakes New Forex Traders Make (And How T...ForexTraining
Its a fact that 94% of new Forex traders fail. Read the '10 Biggest Mistakes New Traders Make' so you don't make them too. The report has been written by me, Annabel Meade from http://www.tradeforexfromhome.com. I educate people to work less and earn more trading the Forex market. How much would you like to earn working 15 hours or less per week?
Inside this ebook you will discover about the mindset and trading how to trade on forex, have realistic expectations and have the power of patience be organised in the approach to the market etc.
Many traders-beginners are sure, that success on Forex depends mainly on a trading strategy and risk management, and don't think about the psychological aspect of the trading. However, emotions may affect trading process very much. The psychology of the Forex trading really exists and it is one of the things that differs a successful trader from a losing one.
Forex or (Nadex) Binary Options, or without a doubt exchanging general, ought to think of it as a highlight purchase a participation to (BOTS) procedure advancement room. Notwithstanding your experience level, you would now be able to participate and start gaining from other astounding individuals. The general purpose of this assistance is to attempt to interface similar people together to shape a group of thoughts to help out everybody improve. Any individual who has exchanged for almost any timeframe realizes exchanging is HARD, VERY HARD. It requires some investment to create procedures and attempt to figure out how to control hazard. We help out by offering a local area in which individuals can share their encounters and what they are really going after to diminish an opportunity to gain proficiency with these significant exercises.
Knowing the trend is crucial. Sure, you have experienced times when you entered the trade and waited during the choppy zone while some other pair was making a solid move. Trading the market that turns up and down and takes back all the profits during a series of losses feels like a slow torture...
Forex Trendy is a software solution to avoid trading during uncertain market periods. Instead, pick the best trending pair at the current time.
It uses no indicators, but the trend is determined by pure price action.
It quickly scans 34 Forex pairs on all time frames from minute to monthly. That's 34 x 9 = 306 charts. Forex Trendy analyzes all the charts for you every second! This way, you get the best trending pair and time frame at any time you want.
Scalping futures is a technique which can provide a steady revenue stream to talented traders. This course explains the basics of the techniques involved in short term trading of index futures and what is involved in becoming a successful day trader.
CREATE THE MINDSET AND TRADE LIKE A PRO.
OVER HERE YOU WILL KNOW ABOUT TRADING, FOREX,NADEX, BINARY OPTIONS.
YOU WILL UNDERSTAND THE POWER OF PATIENCE IN TRADING AND THE ACCURACY REQUIRED IN THIS FIELD.
YOU WILL BECOME ORGANISED IN YOUR APPROACH TO THE MARKET.
YOU WILL ALSO LEARN WHY EMOTIONAL MANAGEMENT IS SO CRITICAL AND CRUCIAL IN THE FIELD OF MARKETING AND TRADING AND INVESTMENT.
COMPLICATED FOREX TRADING CAN EASILY INDUCE EMOTIONAL TRADING.
YOU WILL ALSO LEARN TO KNOW HOW PRICE ACTION TRADING WILL CURE EMOTIONAL TRADING PROBLEMS.
AND AT THE END YOU WILL LEARN HOW TO BE A WINNING FOREX TRADER.
Forex for beginner - how to get started in forex tradingoly1
Forex for beginner: How to get started in forex currency trading? What are the benefits and risk involve in trading forex? You should start with learning from the resources available online and open a demo account to start trading currency pairs.
This short course introduces traders to trading strategies and methods used in the Master in Trading Course at Online Finance Academy. Learn how we integrate probability analysis, order flow, market profile, volume analysis, chart patterns and macro-fundamentals into a comprehensive trading strategy.
Introducing Forex Fortune guide create the mindset you need to trade like a pro, inside the sea book you'll discover the topics about the mindset and trading how to trade on the Forex have realistic expectations understand the power of paces be organized in your approach to the Marcus why emotional management is critical to trading success over complicating Forex trading can easily induce emotional trading how price action trading will cure emotional trading problem and the winning traits of a Forex Trader
Learn key ideas for designing a profitable automated trading system for futures, stocks, or forex. Make money trading bonds, oil, gold, and the euro while away from the trading screen. Courses available as well as trading signals for lease.
Trading can be the mind game in the financial market, a loss for a person can prove to be the profit of another. As the study suggests, almost 90% of people lose money in the market whereas only a few of the remaining people gain some profit. Originally posted at Yamarkets.com
Click here for more information on range trading
http://www.netpicks.com/simple-range-trading-strategy/
Here is some information on range trading:
It’s been said that a market only trends 30% of the time.
I can’t quantify that figure but having a range trading strategy to take advantage of the other 70% is good business.
Range trading is not difficult however it does require discipline and a method of determining when a trading range is in play.
For more information on range trading click here:
http://www.netpicks.com/simple-range-trading-strategy/
The aim of this book is to give readers a brief overview on Forex
markets from the means through which traders can develop the
proper mindset when trading, how to trade on the Forex market, why
emotional management is critical to successfully trading on the Forex
market, to discussing some of the favorable qualities a good Forex
trader should posses. These aspects of Forex trading will be discussed
in depth in the other chapters that follow but for now, we tackle the
basics pertaining to Forex trading as a money making entity.
Get all the info you need here.
Trading plan is very important for you to be successful in forex trading.forex trading plan in pdf file. In this ebook will be cover on your plan to be successful forex trader, your trading goal, money management,your strategy and how you going to do your trading.
Triumph Scalper - Highly Converting Forex Product
"Triumph Scalper" is an exclusive software for trading on the forex market. Its main goal is to make your trading really profitable, saving your precious time and nerves!
"Triumph Scalper" Keeps Giving Profitable Signals on Different TFs
The Most Recent Profit on M1 and M15.
Start Making Trades Like These with Amazing
"Triumph Scalper"
Forex is not for everyone, knowing what you are getting yourself into may cause you to reconsider, or you feel more confident about the decision. If you want to become a Forex trader, there are things that you should be aware of.
Do you want to learn the secret...
..How to...
predict currency rates like the Pros do?
>>> visit www.forexhero.eu and get the most popular forex learning app FOR FREE!
The most popular and appreciated materials for beginners interested in forex trading. This illustrated e-book is a refreshing breath of air in a category dominated by boring, bland & complicated textual books. This e-book will teach you the fundaments of currency trade as well as provide you with some great strategies, insights and trading examples from the pros. There is no other e-book around like this one for forex dummies!
Many traders-beginners are sure, that success on Forex depends mainly on a trading strategy and risk management, and don't think about the psychological aspect of the trading. However, emotions may affect trading process very much. The psychology of the Forex trading really exists and it is one of the things that differs a successful trader from a losing one.
Forex or (Nadex) Binary Options, or without a doubt exchanging general, ought to think of it as a highlight purchase a participation to (BOTS) procedure advancement room. Notwithstanding your experience level, you would now be able to participate and start gaining from other astounding individuals. The general purpose of this assistance is to attempt to interface similar people together to shape a group of thoughts to help out everybody improve. Any individual who has exchanged for almost any timeframe realizes exchanging is HARD, VERY HARD. It requires some investment to create procedures and attempt to figure out how to control hazard. We help out by offering a local area in which individuals can share their encounters and what they are really going after to diminish an opportunity to gain proficiency with these significant exercises.
Knowing the trend is crucial. Sure, you have experienced times when you entered the trade and waited during the choppy zone while some other pair was making a solid move. Trading the market that turns up and down and takes back all the profits during a series of losses feels like a slow torture...
Forex Trendy is a software solution to avoid trading during uncertain market periods. Instead, pick the best trending pair at the current time.
It uses no indicators, but the trend is determined by pure price action.
It quickly scans 34 Forex pairs on all time frames from minute to monthly. That's 34 x 9 = 306 charts. Forex Trendy analyzes all the charts for you every second! This way, you get the best trending pair and time frame at any time you want.
Scalping futures is a technique which can provide a steady revenue stream to talented traders. This course explains the basics of the techniques involved in short term trading of index futures and what is involved in becoming a successful day trader.
CREATE THE MINDSET AND TRADE LIKE A PRO.
OVER HERE YOU WILL KNOW ABOUT TRADING, FOREX,NADEX, BINARY OPTIONS.
YOU WILL UNDERSTAND THE POWER OF PATIENCE IN TRADING AND THE ACCURACY REQUIRED IN THIS FIELD.
YOU WILL BECOME ORGANISED IN YOUR APPROACH TO THE MARKET.
YOU WILL ALSO LEARN WHY EMOTIONAL MANAGEMENT IS SO CRITICAL AND CRUCIAL IN THE FIELD OF MARKETING AND TRADING AND INVESTMENT.
COMPLICATED FOREX TRADING CAN EASILY INDUCE EMOTIONAL TRADING.
YOU WILL ALSO LEARN TO KNOW HOW PRICE ACTION TRADING WILL CURE EMOTIONAL TRADING PROBLEMS.
AND AT THE END YOU WILL LEARN HOW TO BE A WINNING FOREX TRADER.
Forex for beginner - how to get started in forex tradingoly1
Forex for beginner: How to get started in forex currency trading? What are the benefits and risk involve in trading forex? You should start with learning from the resources available online and open a demo account to start trading currency pairs.
This short course introduces traders to trading strategies and methods used in the Master in Trading Course at Online Finance Academy. Learn how we integrate probability analysis, order flow, market profile, volume analysis, chart patterns and macro-fundamentals into a comprehensive trading strategy.
Introducing Forex Fortune guide create the mindset you need to trade like a pro, inside the sea book you'll discover the topics about the mindset and trading how to trade on the Forex have realistic expectations understand the power of paces be organized in your approach to the Marcus why emotional management is critical to trading success over complicating Forex trading can easily induce emotional trading how price action trading will cure emotional trading problem and the winning traits of a Forex Trader
Learn key ideas for designing a profitable automated trading system for futures, stocks, or forex. Make money trading bonds, oil, gold, and the euro while away from the trading screen. Courses available as well as trading signals for lease.
Trading can be the mind game in the financial market, a loss for a person can prove to be the profit of another. As the study suggests, almost 90% of people lose money in the market whereas only a few of the remaining people gain some profit. Originally posted at Yamarkets.com
Click here for more information on range trading
http://www.netpicks.com/simple-range-trading-strategy/
Here is some information on range trading:
It’s been said that a market only trends 30% of the time.
I can’t quantify that figure but having a range trading strategy to take advantage of the other 70% is good business.
Range trading is not difficult however it does require discipline and a method of determining when a trading range is in play.
For more information on range trading click here:
http://www.netpicks.com/simple-range-trading-strategy/
The aim of this book is to give readers a brief overview on Forex
markets from the means through which traders can develop the
proper mindset when trading, how to trade on the Forex market, why
emotional management is critical to successfully trading on the Forex
market, to discussing some of the favorable qualities a good Forex
trader should posses. These aspects of Forex trading will be discussed
in depth in the other chapters that follow but for now, we tackle the
basics pertaining to Forex trading as a money making entity.
Get all the info you need here.
Trading plan is very important for you to be successful in forex trading.forex trading plan in pdf file. In this ebook will be cover on your plan to be successful forex trader, your trading goal, money management,your strategy and how you going to do your trading.
Triumph Scalper - Highly Converting Forex Product
"Triumph Scalper" is an exclusive software for trading on the forex market. Its main goal is to make your trading really profitable, saving your precious time and nerves!
"Triumph Scalper" Keeps Giving Profitable Signals on Different TFs
The Most Recent Profit on M1 and M15.
Start Making Trades Like These with Amazing
"Triumph Scalper"
Forex is not for everyone, knowing what you are getting yourself into may cause you to reconsider, or you feel more confident about the decision. If you want to become a Forex trader, there are things that you should be aware of.
Do you want to learn the secret...
..How to...
predict currency rates like the Pros do?
>>> visit www.forexhero.eu and get the most popular forex learning app FOR FREE!
The most popular and appreciated materials for beginners interested in forex trading. This illustrated e-book is a refreshing breath of air in a category dominated by boring, bland & complicated textual books. This e-book will teach you the fundaments of currency trade as well as provide you with some great strategies, insights and trading examples from the pros. There is no other e-book around like this one for forex dummies!
Do you want to learn the secret...
..How to...
predict currency rates like the Pros do?
>>> visit www.forexhero.eu and get the most popular forex learning app FOR FREE!
The updated version of the highly popular "Forex basics & secrets in 15 minutes". This is the most effective and fun way to learn how to trade forex.
You will learn:
- What are the best times for forex trading
- What influences the exchange rates
- Tips from pros
- **NEW** Most effective technical strategies
- How leverage works
- ....and much more.
Understanding Forex Trading
Which Forex Currencies Should You Trade?
Multiple Forex Time Frames Is Best
3 Forex Pairs For Beginner Forex
Traders
Choosing a Forex Trading System
Forex Trading Hours
Forex Trading In Lots
The aim of this presentation is to help build a better understanding of Forex trading and guide you through the
necessary steps needed to become a responsible and successful trader in the foreign exchange market.
The aim of this presentation is to help build a better understanding of Forex trading and guide you through the necessary steps needed to become a responsible and successful trader in the foreign exchange market.
It is very important to consider the time of a day while trading, at different times, different currency pairs are liquid, the volatility is different as well and trading style changes from calm to aggressive.
Learn more about trading sessions from JustForex presentation.
“Forex Spectrum” is an outstanding forex tool that indicates the change of trend, gives BUY/SELL signals and generates 3 adaptive Take Profit levels to maximize your profit.
It’s available on ALL pairs and on M30-D1 timeframes.
This page is created for promoting SVFXPro Trader and to provide assistance to forex traders, who want to learn forex.
SVFXPro trader is a moderate, dependable and advance investment platform allowing traders to identify, understand and adopt strongest investment strategies. These strategies are approved by renowned trade giants and they are synchronized in risk-rated manner. SVFX includes only those strategies to the platform which are certain, proved and sustain in a qualitative level.
SVFX offers easy, adoptable but strongest Forex Trading Platform and it is offering Forex Trading in India. It prominently maintains the International Currency Trading standard and proved itself as legitimate and invincible in the International Forex Trading. International trading with SVFX will always be a wise decision because of its qualitative services.
: Enhancing Forex Trading Expertise with Baron Learning Pvt Ltdniteshbaronlearning
Baron Learning Pvt Ltd provides a comprehensive suite of educational services tailored to forex traders at all levels. Our programs are designed to help traders understand the fundamentals of forex trading, including market analysis, forex economics, risk management, and trading strategies.
Before diving into forex trading, educate yourself about the market, trading strategies, and risk management techniques. There are numerous online resources, courses, and books available for beginner traders.Selecting the right forex broker is crucial for your trading success. Look for a broker that is regulated, offers competitive spreads, provides a user-friendly trading platform, and offers educational resources and customer support.https://learningbaron.com
Similar to Situations When you Shouldn't Trade Forex (20)
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
1. Website: https://www.mytradingskills.com/
Email: support@mytradingskills.com
Phone: +44 (0)1428 738305
Situations When You Shouldn’t Trade
Forex
Published: 12/07/2018
By: Phillip Konchar
LIFESTYLE
The Forex market is the largest financial market in the world. One of the reasons why the Forex
market has such a large trading volume is because it’s an over-the-counter market which allows
market participants to exchange currencies around the clock, five days a week.
However, despite its non-stop trading hours, there are certain situations during which you
shouldn’t trade. They can increase your transaction costs, lead to high slippage, create fake
breakouts and false signals, or simply lead to the accumulation of losing trades. In this guide,
we’ll tackle those situations during which you should stay away from trading, and show you
what the best times to trade the market are.
2. When Not to Trade
While the Forex market allows you to place trades around the clock, Monday through Friday,
there are certain situations during which you should stay on the sideline. Some of the most
important events which can cause erratic and unpredictable price movements are outlined in
the following lines.
Try to avoid trading during these situations:
Bank Holidays
During bank holidays, many banks close their doors and don’t process market orders. Since the
Forex market is an over-the-counter market in which banks play an extremely important role
and are considered one of the market’s big players, bank holidays cause a drop in the overall
trading volume, liquidity and predictability of price-moves.
You’ll see many currency pairs moving only modestly during bank holidays, and the lower
liquidity will usually lead to higher transaction costs by wider spreads. If you’re a day trader
or scalper, there is not much to look for in the market during bank holidays.
That being said, not all banks shut down at the same time. Bank holidays are linked to specific
countries. For example, during a bank holiday in the United Kingdom, there will usually be a
lower trading volume of the British pound. Similarly, a bank holiday in Australia or New Zea-
land will cause a drop in the trading volumes of the Australian dollar and New Zealand dollar.
To know which currencies should be avoided during bank holidays, you can follow a Forex
calendar which lists the dates and countries in which there’re bank holidays.
Here’s a list of upcoming UK bank holidays in 2018 and 2019:
2018
25 December Tuesday Christmas Day
26 December Wednesday Boxing Day
2019
1 January Tuesday New Year’s Day
19 April Friday Good Friday
22 April Monday Easter Monday
6 May Monday Early May bank holiday
27 May Monday Spring bank holiday
26 August Monday Summer bank holiday
25 December Wednesday Christmas Day
26 December Thursday Boxing Day
3. High Impact News
Another situation when you want to avoid trading is during the release of high impact news.
Again, a Forex calendar may be very helpful to mark those days and times when countries
release their high impact reports. Examples of such reports are non-farm payrolls in the US.
These are released each first Friday of the month. These include preliminary GDP reports, in-
flation reports, labour data reports and central bank meetings.
Currencies tend to become very volatile immediately after a high impact report is released,
especially if the actual number differs to a large extent from the expected number. It’s not
unusual for some currency pairs to move hundreds of pips, caused by the high trading momen-
tum which occurs only seconds after the numbers are published.
Since we can’t know what the actual number will be and how currency pairs will react, the best
trading decision that we can make is to avoid trading at all until the dust settles. The following
table shows typical times when high impact reports are released by developed countries.
Country Currency Time (EST) Time (GMT)
United States USD 8:30 – 10:00 13:30 – 15:00
Japan JPY 18:50 – 23:30 23:50 – 4:30
Canada CAD 7:00 – 8:30 12:00 – 13:30
United Kingdom GBP 2:00 – 4:30 7:00 – 9:30
Italy EUR 3:45 – 5:00 8:45 – 10:00
Germany EUR 2:00 – 6:00 7:00 – 11:00
France EUR 2:45 – 4:00 7:45 – 9:00
Switzerland CHF 1:45 – 5:30 6:45 – 10:30
New Zealand NZD 16:45 – 21:00 21:45 – 2:00
Australia AUD 17:30 – 19:30 22:30 – 00:30
Source: Investopedia
Important Central Bank Announcements
Central bank meetings and announcements have the potential to send shockwaves through the
Forex market. Fortunately, many Forex calendars also include the times when important central
bank meetings are scheduled. This becomes very important when a central bank, such as the
Fed, discusses changes to their monetary policy.
Rate hikes and cuts always have a long-lasting impact on currencies, and while many changes
to the monetary policy are often already discounted by the market, the central bank’s statement
4. and minutes of meeting can shed new light on future monetary decisions which again have a
large impact on the Forex market. That’s why you shouldn’t trade during important central
bank meetings.
Don’t Chase the Market
Amateurs in trading often make the mistake to chase the market for tradeable setups, which
often results in overtrading and losing trades. If you had a few losing trades in the morning,
simply stop trading for the day. The market doesn’t owe you anything, and you’re letting your
emotions to interfere with your trading decisions by chasing the market to recover your losses.
Unfortunately, this trading behaviour usually leads to new losing trades.
Instead of overtrading, take a rest from your trading platform and go for a walk. Only relaxed
and emotionally-balanced traders can make the most out of their trading. Exhaustion, distrac-
tions and impatience lead to a stressed trading environment and costly mistakes.
You need to balance your trading and personal time to avoid becoming overwhelmed with
trading. Weekends are generally a great time to charge your batteries, since the market is closed
on Saturday and Sunday.
Don’t Open Trades During Illiquid Market Hours
While bank holidays take the liquidity out of the market, there are also certain market hours
whereby liquidity tends to fall. As a result, transaction costs rise and slippage eats into your
profits.
As mentioned, Forex is an OTC market which trades during Forex trading sessions. These
sessions span from New York in the United States, to London in the United Kingdom, to Tokyo
in Japan and Sydney in Australia. These four trading sessions are the most important in the
market, but not all four add the same amount of liquidity.
The London and New York sessions usually host the largest number of market participants and
have the highest liquidity, while Asian sessions tend to be considerably smaller in their size. If
you’re a day trader or scalper, you should avoid trading during Asian sessions, especially dur-
ing the beginning minutes of the Tokyo or Sydney sessions.
What’s the Best Time to Trade Forex?
Now that we’ve covered when not to trade, here’re the best times to trade the Forex market.
Forex traders live on volatility, which means that the best trade setups are usually found when
there’s enough volatility in the market. However, volatility can also work against you if the
5. price goes against your favour. That’s why we won’t trade during high impact news releases
despite the high volatility that they create, because we don’t know in which direction the market
will go.
Day traders will find the lowest transaction costs and largest price-moves during the overlap
of the New York and London sessions. The following table shows the open market hours of
each of the four major Forex trading sessions.
LOCAL TIME EST GMT
Sydney Open – 7:00 AM
Sydney Close – 4:00 PM
3:00 PM
12:00 AM
8:00 PM
5:00 AM
Tokyo Open – 9:00 AM
Tokyo Close – 6:00 PM
7:00 PM
4:00 AM
12:00 AM
9:00 AM
London Open – 8:00 AM
London Close – 4:00 PM
3:00 AM
11:00 AM
8:00 AM
4:00 PM
New York Open – 8:00 AM
New York Close – 5:00 PM
8:00 AM
5:00 PM
1:00 PM
10:00 PM
As the table above shows, the New York – London overlap begins at 1:00 PM GMT with the
NY open and ends at 4:00 PM GMT with the London close. Knowing this data can help you
identify the best trading environment to open your positions.
Sometimes staying on the sidelines is the best option
While the Forex market is a 24 hours a day, 5 days a week market, there are certain situations
when you should stay on the sideline. These include bank holiday hours, high impact news,
important central bank meetings and illiquid market hours. These events can exhaust the mar-
ket’s liquidity and make price-movements very unpredictable. They can also increase transac-
tion costs.
Use Forex calendars to help you spot and mark those events. This helps you take a rest from
your screen or use the time to learn new trading concepts. These systems will support your
trading performance once the market dust settles.
Website: https://www.mytradingskills.com/
Email: support@mytradingskills.com
Phone: +44 (0)1428 738305