The Best Hours for Forex Trading Currency trading is special due to the fact of its hours of operation. The week starts at 5 p.m. EST on Sunday and runs till 5 p.m. on Friday. Not all hours of the day are equally true for trading. The first-rate time to alternate is when the market is most active. When greater than one of the four markets are open simultaneously,

A bullish engulfing pattern occurs after a price move lower and indicates higher prices to come. The first candle, in the two-candle pattern, is a down candle. The second candle is a larger up candle, with a real body that fully engulfs the smaller down candle. These two patterns are

1. Get a Sense of Direction It is continually beneficial to change with the trend, at least if you are a beginner scalper. To find out the trend, set up a weekly and a day by day time chart and insert trend lines, Fibonacci levels, and moving averages. These are your “lines in the sand,” so to speak, and will characterize guide and resistance areas. If your charts show the vogue to

Bar charts are one of the most popular trading chart types. They provide a lot of information that the day trader can use when making trading decisions and are relatively easy to read and interpret. Bar charts consist of an opening foot facing left a vertical line, and a closing foot

Both tick charts and times are essential for traders to understand and the trader may find the use of one chart over the other better suits their trading style. Tick charts create a new bar following a tick—the previous set number of trades—either up or down. Time charts use the

Whether it was a technology meltdown, a lapse in discipline, or just a sustained bleed out of trading capital, nearly every trader will face a big loss (or several) in their career. How to bounce back after a big loss isn’t complex; it can be done with a few simple

Day traders buy and sell stocks, currencies, or futures throughout the trading session. Typically, these trades close before the market does. Holding a position overnight requires careful consideration. What to Consider Before Holding a Position Overnight Each market (stocks, forex, and futures) has different factors to consider. Risk and risk management must

There are many factors that contribute to trader’s success in the market. Successful traders usually are the people that have accumulated a lot of experience, as well as knowledge of the market basics, and have utilized them in their favor. When people enter the foreign exchange market, their goal is

Develop a Trading Plan There is often a misconception that to be successful, you need highly evolved market information and years of trading experience. Nevertheless, we also see that the more data we have, the more difficult it is to generate a simple strategy. More detail tends to produce hesitation

Cash trading requires that all transactions have to be paid for by the funds available in the account at the time of settlement. It is selling or buying of securities by provide the capital needed to fund the transaction without depend on the use of the margin. Cash trading is