Information of Forex

KajolThappar · #1 (**permalink**) 24-09-2010, 07:01

Except for weekends, there are no best days to trade. Any day is as good to trade.

I manage funds in forex trading, and in my experience, I find that period before the European markets open to be most profitable.

goldie123 · #2 (**permalink**) 01-10-2010, 15:26

During the middle of the week is where the most movement is seen on all 4 major pairs. Fridays are usually busy until 12pm EST and then the market pretty much drops dead until it closes at 5pm EST. This means we only work half-days on Fridays.

metalsguru · #3 (**permalink**) 06-10-2010, 09:32

The central bank of Japan decided that weakening the Yen would be beneficial to its economy. Japanese stocks are up over 1.5%. Speculation that Japan has been escalating its currency has been a major topic for a number of months. Later today the Institute for Supply Management will release the non-manufacturing survey. Obviously expansion is what the markets are looking for. The market is looking for any hint of growth and may jump if the data is overwhelming. Last week's reports were promising but this does not mean the same results will be announced. On Thursday earning reports from Alcoa and Pepsi will be announced. Be ready for hype about the pulse of the market and Alcoa which is usually talked about on financial channels at the close the day before the announcement. What could spark the market? Bernanke mentioned that if the government implemented another asset purchase it could clean up more of the mess and stimulate the markets. In the November 2nd & 3rd meeting traders are hoping for more intervention. (1)

The S&P was up over 10 points to 1147.00 on Japan's news and may see some resistance in the low 1150.00 range. The DOW was up over 75 points to 10842 and is hovering near 11,000 which some speculate could be the selling point. 1150.00 and 11000 range has resistance but also sell orders. (2)

Pitguru

sabrinathomas · #4 (**permalink**) 13-10-2010, 18:34

USD Dollar (USD) (12 Oct 2010) – The Dollar rose against the other major currencies amid thin trade volumes owing to the Columbus Day in US, however the Dollar sentiment remained negative as Federal Reserve stimulus concerns expecting for the minutes of the Federal Reserve’s policy meeting.

ortan · #5 (**permalink**) 25-10-2010, 22:29

The Forex market (Foreign Exchange Market) has by far the most money changing hands every day than any other trading in finance. It out-performs the New York Stock Exchange by over one hundred times which is contrary to most peoples' information on Forex trading and is a truly astonishing statistic. An amazing one and a half trillion US Dollars is traded daily which makes it the zenith of financial trading.The Forex market is a world wide market with the main centres being in New York, Tokyo, London, Frankfurt and Sydney. Because the Forex market is traded all around the globe, it is able to operate almost twenty four hours per day.Stock Update

profit · #6 (**permalink**) 28-10-2010, 06:18

The Forex market is a non-stop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders' investments increase or decrease in value based upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events.

Sattvinder · #7 (**permalink**) 21-04-2011, 07:09

i think every day is good for trading if you use some EA. good trading is not about the day you trade but about the strategy you use.

henryduncan12 · #8 (**permalink**) 19-11-2011, 10:01

I think if you are smart enough with good strategies then you can deal with every transaction and you can even achieve something better.

ctech · #9 (**permalink**) 06-12-2011, 14:41

Quote:

Originally Posted by henryduncan12

I think if you are smart enough with good strategies then you can deal with every transaction and you can even achieve something better.

It's true, however i want to say smart guys also need to be self-desciplined to follow their own strategies. market is full of ups and downs. risk control will be a challenge all the time.

henryduncan12 · #10 (**permalink**) 24-12-2011, 08:37

Quote:

Originally Posted by ctech

It's true, however i want to say smart guys also need to be self-desciplined to follow their own strategies. market is full of ups and downs. risk control will be a challenge all the time.

Yes, controlling risk is a big challenge for all traders, small to big size traders. Therefore I follow some trading strategies that help me to minimize risk.