The next lesson, let me bring you to compare price movements at certain hours. This lesson will discuss about the best hours for trade and connection with our forex trading volume.
Now consider the movement of GBPUSD at 02.00 02.00 p.m. to return to.
The image above is a view of the USD for 24 hours by using a 30-minute time frame. It means a candlestick chart of GBPUSD movement represent for 30 minutes. Look at the diraster area with green color price moves with the slow and poor market volatility. By contrast at 14.00 until 02.00 appears that prices move with active once and cause tremendous fluctuations. If you are diligent enough to pay attention to the graphics, it is continuously repeated every day and it never does happen. Why is this so?
The answers are at the opening of the market. At 02.00 until 14.00 GMT, the price barely moving because of it market mostly not being open. Otherwise on at 14.00 until 02.00 pm London and New York markets opened so many transactions going on cause and consequently the price moves actively.
Version Of Metatrader:
The image above is a look of the GBPUSD using metatrader for 24 hours using the time frame of 15 minutes. It means a candlestick chart of GBPUSD movement represent for 15 minutes.
So knowing when the market opened hours will greatly help us to find out how the currency movements. And don't forget to equalize with a currency that We are operating with. As an example let's say We trade GBPUSD then it is important for us to know what time the market United Kingdom opened and what time does the US market opened. The second meeting took place when the opening hours and when the market is closed? Well if you trade USDJPY, then when the British market opened and how it relates to trading we are no problem at all. Instead we must know when to trade the Yen also performed and bustling with the USD.
That is why if You trade currencies on European countries or the United Kingdom most movements occur at night. If you look at the charts the morning GBPUSD, it felt really sluggish price moves. Most fundamental news pertaining to the State in question also appears on the hours where the marketnya is opened. This of course adds to the liveliness of the price.
Now the question becomes how much is hours precisely market opened. What if I trade the AUD? What time does market AUD opened? Don't worry, learn Forex has provided his summary for you. Note the picture below:
The area that is given the color green is where the market is held. For example, the JPY market opened from 7: 00 until 15: 00 PM EST or if replaced with format GMT + 00.00 – 08.00 to GMT. Thus it can be said that the Yen was actively traded. Contrary to market the USD, the market opened at 20: 00 until 04.00 am EST this morning. That's why at night it feels more active USD move. Opening hours of the market we can find out why the pair USDJPY less active compared to the USD for example in trade each day. And he said there was at the time of the second meeting of the existing market. On the second market GBPUSD met between 20.00 until 23.00 where both markets opened. While the USDJPY has never had hours wherein a second market opened. That's why the GBPUSD was very active at 20.00 until 23.00 pm while the USDJPY was not very active throughout the day although not be also said to sleep at all.
Well this will help you to adjust when the best in the trading hours for you personally. If you are an employee who worked from morning to evening so it does not have enough time to see currency movements through an Office then maybe you can trade at night. Not only helps so that the concentration of jobs you do not split (so the Boss grumpy) but also in the evenings prices move faster so time to wait for the prices to reach the point of Taking a shorter Profits. Bertradinglah on the European and US currencies. For example, EURUSD, USDCHF GBPUSD or.
If you are a retiree or a housewife who in fact have enough time observing the movement of the currency, there is no harm in trading on AUDUSD USDJPY or which countries the difference is time not too far with Indonesia or Malaysia where we lived.
It should be noted also that sometimes a faster movement of the currency and high volatility does not always guarantee that we gain profit. If you are a pure technical analysts then often the hours when the market opened was an annoying hours for technical analysis We often sidetracked because of the large number of issues and fundamental news which could lead to price moves with active all. Those who trade using technical analysis tends to prefer a quiet situation and can be predicted by a number of their indicators. That's why many trade even in the morning that even though the movement happens with sluggish once but at least the currency can be predicted with better. Now from here, specify how You want to trade? If you prefer technical analysis, it is better to avoid the fundamental news is emerging at a time when the market is open. Bertradinglah is precisely at a time when the market was close to getting the best results. Conversely, if you like a crowd and acceleration into the main factor then look for hours where the market is held.
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