Introduction to Forex
Forex Fundamentals
Characteristics of Candlesticks
Support and Resistance / Chart Patterns
Technical Indicators
Sniper Strategies
Introduction to Forex
"Introduction to Forex" provides a foundational understanding of the foreign exchange market, covering how currency pairs are traded, market participants, and basic concepts. It equips beginners with essential knowledge to start trading and navigating the Forex market.
What I will learn?
- What is Forex Trading
- How are Currency's Traded?
- How are Currency Pairs Quoted?
- What are Indicies and Commodities?
- What are the 3 Market Movements?
- Risks of Forex
- What are Currency Pairs?
- What are Majors, Minors, and Exotics?
- What is the Best/Worst times to Trade?
- Important Words to know
Content/Playlist (20)
- What is the Best/Worst times to Trade? (00:00:55)
Description:
Best Times to Trade: The best time to trade is often during overlaps in trading sessions when multiple markets are open at the same time, typically during the hours when the market is most active and liquid. This usually occurs during the overlap of the London and New York sessions, which is from 8:00 am to 12:00 pm EST. When two sessions are overlapping of course! These are also the times when major news events come out to potentially spark some volatility and directional movements. Make sure you bookmark the Market Hours cheat sheet to take note of the Opening and Closing times. You can also use our Forex Market Time Zone Converter which automatically displays which trading session(s) is open in your current local time. The European session tends to be the busiest out of the three. The middle of the week typically shows the most movement, as the pip range widens for most of the major currency pairs. Worst Times to Trade: The worst times to trade are typically when the market is less active and has lower liquidity. This can happen during the Asian session, as well as right before and after major economic data releases or news events when the market may be more volatile. It’s important to consider your trading strategy and risk tolerance when deciding the best and worst times to trade based on your personal circumstances and preferences. Sundays – everyone is sleeping or enjoying their weekend! Fridays – liquidity dies down during the latter part of the U.S. session. Holidays – everybody is taking a break. Major news events – you don’t want to get whipsawed! When you just broke up with your significant other because you chose forex trading over him or her. Wait until the next London session instead. There are 3 MAIN trading sessions! 1. Tokyo 2. London 3. New York The movement of every pair is affected by the trading session. For instance, GBPUSD will be active when the European and American market is on. Same goes to other currency pairs. There are four trading sessions in the forex market: Sydney is open from 9:00 pm to 6:00 am UTC Tokyo is open from 12:00 am to 9:00 am UTC London is open from 7:00 am to 4:00 pm UTC New York is open from 1:00 pm to 10:00 pm UTC
