Forex trading, techniques to take advantage of this market that never sleeps :


The first thing to know about the Forex market, is that its business lasts 5 consecutive days per week. The Forex market schedules are perfectly suited to international traders since the market opens on Monday at 00:00 and closes on Friday at 23:59. During these 5 days, the activity in the Forex market is constant, the international financial centers take part in the process (London, New York, Tokyo, Paris, and many others). Forex trading never really breaks but this does not mean that a trader does not sleep 5 days a week by staying taped to his computer screens. Generally, traders appreciate working during the American session (the one that overlaps between London and New York) because volatility is generally there and allows the scalping and day trading enthusiasts to take advantage of many trading opportunities.

In order to detect when to buy and sell in the Forex market, traders typically use technical analysis and fundamental analysis. The first type of analysis, which is technical analysis, tries to isolate recurring or predictable patterns on the graph depending on the past behavior of the courses. The fundamental analysis attempts to link the main daily economic publications with the value of money. Understanding the way financial charts evolve can be done in different ways, but it is important to keep in mind a rational approach that helps to explain graphic movements. In this sense, it is ridiculous to reduce the market to a technical indicator and to buy or sell the market systematically at a crossroads of moving averages for example.

Learning about forex trading means that one must devote time and study a lot of graphics. Through trading courses or trainings, a trader will quickly be able to develop reliable analyzes and predictions. Now that you know how to take advantage of the money markets, you just have to start and make forex trading your new income supplement.
 
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