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Thursday 9 August 2012

SPECIAL TRADING HOURS A GOOD TRADER MUST TAKE NOTE OF


There are special (trading Hours) a good trader must take note when trading forex,,

1. 8am - 10am (Nigeria Time):-  this hours marks the trading period for European market.. at this point there is always a rush and high market movement which might go either ways,,,,,

2. 11am - 1pm (Nigeria time,,):-  the market begins to go at a slow pace depending on any economic news  release

3. 1:30pm - 2:30pm (Nigeria Time) : at this point the market begins to move fast in preparation for the New York opening bell (Trading session),

4. 3pm - 5pm (Nigeria Time) : the market moves fast in preparation for the closing hour of London(European session). At this point traders are seen placing quick trades to net in some profit before london closing session .

5. 8:30pm -  9pm: the market moves very fast in preparation for closing hour for the new York session. At this point traders are seen palcing trades to fetch in some profit before the closing hour New York session.

Wish you all a successful forex trading. Always remember that forex trading carry a high degree of risk, As such they may not be suitable for all investors,,,,
Good Luck friends,,,
One Love,,,

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