What is Forex and how does it work?
27 November 2015
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- theforexscalper
theforexscalper
Email us now :
info@theforexscalpers.com
Learn everything about Orderflow trading?
theforexscalper
Email us now :
info@theforexscalpers.com
Best time to trade forex
You can trade forex 24 hours a day, five days a week.
The foreign exchange markets are worldwide.
And therefore follow a 24-hour global timetable.
The trading week for forex begins on Monday morning in Sydney, Australia and follows the sun westward.
As the world’s major capital markets open and close from Tokyo to London and finally closing on Friday evening in New York.
The Best Forex Times.
Best time to trade forex
The forex market offers traders the unique advantage of trading opportunities.
In both rising and falling markets.
And unlike other markets, there are no restrictions or additional costs for short selling.
Forex is traded with a degree of leverage, allowing you to take a position in the market with a fraction of the capital you would usually need. As much as leverage may increase your gains, it can also increase your losses so it’s important that you understand the risks of trading on margin.
Best time to trade forex
With daily turnover reaching $5.3 trillion*, forex is the most liquid market in the world.
This liquidity often results in more actionable prices.
And unlike other financial markets, traders can respond almost immediately to currency fluctuations,
Whenever they occur – 24 hours a day, 5 days a week.
Forex trading allows you to easily gain exposure to markets around the world. While most trading is done in the world’s major currencies, you also have access to emerging markets such as Mexican Peso (MXN) and Polish Zloty (PLN).
“To be a good trader, you need to trade with your eyes open, recognize real trends and turns, and not waste time or energy on regrets and wishful thinking.” Alexander Elder.
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Welcome to my author blog. With over 12 years of experience in the financial markets, Trading is more than a profession for me; it's a passion that has fueled my curiosity and determination. Over the years, I've explored various trading strategies, dabbled in different asset classes, and navigated through the ever-evolving landscape of technology and innovation. Through it all, I've witnessed firsthand the transformation of the financial industry. My mission is to share the wealth of knowledge I've gained over the years with you, my fellow traders and aspiring investors. Whether you're a seasoned pro looking for fresh perspectives or a newcomer eager to understand the basics, you'll find something valuable here.
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