Just want to see how many people can relate to this. I personally trade on the 1H and 4H charts and stick to the major pairs, last week there were strong trends across a lot of the pairs and trading was good, but I'm getting stopped out on almost every pair this week because everything seems to be in a reveral or going sideways? Does anyone else feel like the market conditions are not great this week?
#3 CharacteristicsPast 3pm GMT (11pm SG time, once the European session ends), the Forex market goes to sleep. Liquidity and volatility tend to drop, resulting in slow price movement and the possibility of prices being range bound.This phenomenon is particularly felt on Friday’s afternoon sessions where traders across the globe shift their focus to non-trading related activities.So, go out with your friends or spend time on your hobbies on Fridays, the eve of major public holidays (in Europe and the US), and on the holidays!
#5 Which Pairs Should You Trade?You guessed it! You should focus on the pairs with a larger range and trade those.Again, expect a volatile shakeup due to incoming reports. ConclusionYou have learnt that there are opportune moments to trade Forex. You know when to trade and what to expect, saving you from potential heartaches and frustrations.You also know which days to stay away from trading; to go out and have some fun instead. After all, life is meant to be enjoyed too.
Living in Southeast Asia and have a day job? This trading session is for you! While you have settled down at home, traders in USA are only starting their day.#1 US Session Trading HoursWhen the traders in Europe return from their lunch, the traders in America (mainly in New York) start their trading day. This is at 12pm GMT (8pm SG time).This overlap in market activity contributes to higher volatility and presents opportunities to make money.Due to its leadership in world trade & global economic policies, the US session is one major financial centre that markets pay keen attention to.
#2 ReasonsReason 1: Extremely high liquidity given that the European session is the most active Forex market in the world.Reason 2: Around 85% of all Forex transactions involve the USD.Reason 3: Most economic reports are announced near the start of the US session at about 12pm GMT (8pm SG time). As the US has a large influence on the world, volatility will be high at the start, providing traders with opportunities to make a quick profit.
From experience, I've come to learn that success in forex, doesn't matter if you're trading Forex, Synthetic Indices, Commodities or metals, comes through proper risk management and lot sizing. I've been doing synthetic indices for 2 years now and it's going on well. I've come to realize that the first few months were rough because I was greedy, using huge lot sizes etc until i learnt the secret of proper risk management and lot sizing.
Price target of $150 for EA. Recently, investment bank J.P. Morgan (JPM) initiated coverage of Electronic Arts (EA). J.P. Morgan has an “overweight” rating on the stock with a 12-month price target of $150, which indicates that EA is trading at a discount of 25% to JPM’s estimates.
This EA is pretty simple, but at the same time has a unique money management technique that makes it survive longer through trending market periods than a regular grid or martingale EA. But it has some requirements to use it successfully.Leverage 1:500Minimum deposit 200Recommended deposit 500Pairs to trade ONLY: EURUSD, EURJPY, AUDUSD, AUDJPY, USDJPYThis means to open your MT4 open the above pairs on the M15 chart and attach the EA to every pair. Change the magic number for each pair.Let the MarketMakerPRO do its work. It will check your initial balance and close all orders for the rest of the day when it reaches 100 €/$ profit in equity. Not balance. When you see that all orders are closed, you can disable the EA and make a withdraw. But not in between. Restart the EA when your money is off your account.The main strategy is to get your initial deposit back as fast as you can. Everything after is pure profit and fun money to work with. For now, the EA is limited until the 15th June 2020.Find below the links to MyFXBook, my Telegram group and, of course, the EA.MyFXBook ResultsMain account:http://www.myfxbook.com/members/Mark...kerpro/5327103
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