BELAJAR FOREX MARKETIVA

Why Trade Forex

• Take control of your own finances.Beat the returns from mutual funds, hedge funds or managed funds.
• Start-up costs are low when compared with day trading stocks or futures.
• Forex is the world’s largest market. No one can corner the market.
• With a trading volume of around $1.9 trillion dollars a day, no single entity can control the market for an extended period of time.
• You can make money when the market is going up or down.
• Forex markets trade 24hours a day. There is no waiting for the opening bell.
• Technical analysis works very well and the market trends well.
• Forex offers up to 100:1 leverage but it is wise avoid very high leverage if you can afford it. Stocks offer 1:1 or 2:1.Futures offers 15:1 leverage
• The forex market is the most liquid in the world. Traders can almost always open or close a position at a fair price.
• You can make big money working only a few hours a day or week on your computer.
• You can trade from anywhere in the world where there is an internet connection.
• You can gain experience without risking your own money by using a free demo account.
• When trading stocks, there are over 40,000 stocks to choose from. In forex, you can choose one or two currency pairs and focus your analysis.

Best Times To Trade Currencies

Forex is a 24 hour market and there will be good setups for profitable trades in the Asian, European and US sessions. It pays to look at historical price data on forex charts to see what time of the day you could be watching the market and what time you could be doing something else. The aim is to trade when the average trading range is worthwhile and stay out of the market when price is in a narrow sideways range.

London Trading Session

London opens at 8 am GMT or 3am EST. Closes at 4 pm GMT or 11am EST. The most active pairs during this session are EURUSD with 39% of the trading volume, GBPUSD with 23%, USDJPY with 17%, USDCHF with 6% and USDCAD with 5%.

European Session

Europe opens at 7am GMT or 2am EST, Closes at 3 pm GMT or 10 am EST. The European session is the most volatile session most of the time.

New York Session

New York Opens at 1pm GST or 8 am EST. Closes at 8pm GMT or 3pm EST.

New York is the second largest forex market place. The busiest time is 8am to noon EST. News releases can result in a volatile market. Trading activity usually winds down after the U.S. afternoon trading period.

Asian Session

The Tokyo session opens at 1am GMT or 8pm EST and closes at 8am GMT or 3am EST. Sometimes volatility is low and sometimes good moves occur. The USDJPY is the most active pair with 78% of the volume followed by EURUSD with 15% and EURJPY with 5%.

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