Thursday, July 16, 2009

The Forex Trade Market

Forex trading real trading times:
New York - 8:00 am to 5:00 pm EST
London 3:00 am to 12:00 noon EST
Sydney 5:00 pm to 2:00 am EST


Forex Trading Basics - Study this Video



In the Forex market currencies are traded in pairs, therefore to profit from an exchange rate move you need to buy the currency that you expect will build and sell the other. FOREX is a perfect market to invest in, as it is free from any external control and free competition. Mostly, all Forex trading are tentative and unlike the stock market trading as it conducted on the "interbank" market, which is commonly thought of as an OTC (over the counter) market.

Forex Basic

Open 24 Hrs. Daily: Everyone is allowed to trade on your own schedule, because Forex is a true 24 hour international market. Everyone is allowed to TRADE any of the day or night and even set up trades to execute while away from your computer.

You should know that the Dealing Station closes at 4:00 p.m. Eastern Standard Time every Friday.

Even though it is open 24 hours daily, the actual business exchange week begins at 5:15 p.m. Eastern Standard Time every Sunday.

The Forex Trade Market is an international entity. Forex Trade Market hours overlap one another, making certain that there's always an open and available market. Traders can set up exchanges 24 hours daily.

No comments:

Post a Comment