FOREX Trading Market Hours

forex trading education

The spot FX market is unique to any other market in the world, as trading is available 24-hours a day. Somewhere around the world, a financial center is open for business, and banks and other institutions exchange currencies, every hour of the day and night with generally only minor gaps on the weekend. Essentially foreign exchange markets follow the sun around the world, giving traders the flexibility of determining their trading day.


Time Zone - Tokyo Open, New York - 7:00, GMT - PM 0:00
Time Zone - Tokyo Close, New York - 4:00 AM, GMT - 9:00
Time Zone - London Open, New York - 3:00 AM, GMT - 8:00
Time Zone - London Close, New York - 12:00 PM, GMT - 17:00
Time Zone - NY Open, New York - 8:00 AM, GMT - 13:00
Time Zone - NY Close, New York - 5:00 PM, GMT - 22:00

forex trading education

What is FOREX?

forex trading education

Why forex market?
The Foreign Exchange market is known as the Forex or FX market. It is an international foreign exchange market, where money is sold and bought freely and has become the world's largest financial market, with over $1.5 trillion USD traded daily. Forex is part of the bank-to-bank currency market known as the 24-hour Interbank market. Transactions are conducted all over the world via telecommunications 24 hours a day from 00:00 GMT on Monday to 10:00 pm GMT on Friday. Therefore, it gives the investor the prerogative to open or close a position at will.

What are the advantages of Forex?
Forex is open 24 hours a day.
Forex is the most liquid market in world.
A 100-to-1 leverage reduces the need for large amounts of capital.
MoneyForex does not charge any commission in executing a forex trading order.
No restrictions on shorting which allows you to enjoy profit opportunities during any market condition.
No Pattern Day Trading rule.
You can day trade with very low account balances.
You can open a little account.

What Does It Mean Have A 'Long' Or 'Short' Position?
A long position is one in which a forex trader buys a currency at one price and aims to sell it later at a higher price; the investor is benefiting from a rising market. A short position is an investment position that benefits from a decline in market price. The risk of having either long or short position will be the same.

What Is A Stop Loss Order?
A stop loss order is an order type whereby an open online forex trading position is automatically liquidated at a specific price. For example, if an investor is long EUR/USD at 1.2560, they might wish to put in a stop loss order for 1.2500 to limit the loss. Often used to minimize exposure to losses if the market moves against an investor's position

What is a pip?
The smallest unit of price for any foreign currency. Digits added to or subtracted from the fourth decimal place,( 0.0001) in EUR/USD, USD/CHF and GBP/USD. Also called Points. For example: If the USD/CHF move from 1.1820 to 1.1821 it is one pip.
Do you guarantee success? In life there are no guarantees, but what I can say is you will be a much better forex trader with me guiding you.

forex trading education

Forex Trading Education Works For Every Newcomer

forex trading education

Forex or foreign exchange is definitely the most vulnerable market for those who wish to earn little more than they invest. With large number of traders involved and almost 2 to 3 trillion dollars being traded each day, forex tends to magnetize every other person who wishes to trade and trade big. But, if you are someone new to the ecstasy of foreign exchange then a prior knowledge or a good forex trading education is a must to ensure that you do not regret your deals and trading.

Following are some of the things you will benefit from forex trading education as a newcomer or novice in trading:

-Basic knowledge of forex, it's benefits and role
-Technical terms involved in forex
-Introduction and implementation of various tools and software
-How to make strategies while trading in forex market
-Understanding of trading system i.e. when to enter a trade and when to stop the trading
-Execution of risk management tactics such as stop loss.

An education in forex trading is the best way to begin in forex, as forex is a market with unexpected fluctuations, sudden announcements and lots of risk. For someone who is new to trading, education acts as a guide to doubts like why forex is unpredictable and how to manage trading along with the instability factor.

Forex when taken carelessly can jeopardize the investment and effort put in by a novice, thus without the basic idea of risk involved and method to avoid or minimize them comes from a good forex trading education.

Apart from the basics and technical aspects of trading, forex trading education also teaches methods to build following skills:

-Patience
-Discipline
-Handling pressure
-Analyzing situation
-Trading on a well planned pace

Thus, Forex trading education makes sure that you, as a newcomer, understand forex well enough to trade. Forex is full of benefits but to make the most of it, a newcomer needs to have proper and complete understanding of it and that's where forex trading education helps or works for a new comer.

For Forex trading education and an exclusive Forex Trading Course visit our website at: http://www.forexgladiator.com
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