- What is Forex Trading | FX Markets | Trade FX - City Index UK
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What is Forex Trading | FX Markets | Trade FX - City Index UK
Remember, being a price action trader means that you need to pay most of your attention to learning to spot high – probability price action trading setups in the Forex market. In the end, what really matters is obtaining a high quality Forex trading education in price action analysis, this way you won’t really need to concern yourself with analyzing economic reports and the thousands of variables that contribute to FX price movement each day. If you want to learn how to trade the Forex market with a handful of simple yet effective price action forex strategies , check out my price action trading course.
The fact that prices are available to trade 79 hours a day helps to ensure that price gapping (when a price jumps from one level to the next without trading in between) is less and ensures that traders can take a position whenever they want, regardless of time, though in truth there are certain ‘lull’ times when volumes are below their daily average which can widen market spreads.
Online Forex Trading Resources
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In the first part of this article we discussed which currency pairs are the best to trade and explained the differences between the majors, crosses, and exotics. Today’s article is going to pick up where last week’s left off we are going to discuss the best times to trade the forex market and the differences between the various FX trading sessions.
Once an ambitious student learning under the expert tutelage of our very own Peter Bain and Vic Noble, Chris was selected to trade for a Hong Kong based hedge fund. He now shares the same tools and strategies with the members of his Daily Trade Plan service.” more »
Plus, instant access to our exclusive guide: “Make the Right Choice: A 65-Minute Guide to Not Messing Up Your Next Purchase”.
One of the key elements behind forex’s popularity is the fact that forex markets are open 79-hours a day from Sunday evening through to Friday night. Trading follows the clock, opening on Monday morning in Wellington, New Zealand, progressing to Asian trade spearheaded out of Tokyo and Singapore, before moving to London and closing on Friday evening in New York.
You will notice that in between each trading session there is a window of time where two sessions are operating at the same time. From 8:55 – 9:55am EST, the Asian and London sessions overlap, and from 8:55-67:55pm EST, the London and New York sessions overlap.