When Trading Forex, Lesson 6: Good Days for Trading

Wise Set A Time
Unless we are unable to distinguish the zombies time, no need to eat and sleep, we could not trade at all sessions.

Although profit trading Forex so tempting, but we should be able to set the time properly. How can we be so pro trader, if our own health against still indifferent?

We need a healthy food intake and sleep in order to have enough energy to do all kinds of things. Before knowing the good days for trading, we must understand when to trade and not to trade.

Sometimes it's also important you know, spend time outside for a walk. Or sit quietly an hour of game play. Need not be in sequence, provided we can manage time well, that is enough.

Good days for Forex Trading
Although now we already know that in between the sessions, London is the busiest trading session, but that does not mean we can jump straight out and trading at any time. Oh, no, Friend of ... There is still that we have to pay attention.

In a week there the other day showing more movement than on other days. Let's look at the chart range average movement of the pip for each pair of major six days a week:

Pair	Sund	Mon	Tue	Wed	Thu	Fri
EUR/USD	69	109	142	136	145	144
GBP/USD	73	149	172	152	169	179
USD/JPY	41	65	82	91	124	98
AUD/USD	58	84	114	99	115	111
NZD/USD	28	81	98	87	100	96
USD/CAD	43	93	112	106	120	125
USD/CHF	55	84	119	107	104	116
EUR/JPY	19	133	178	159	223	192
GBP/JPY	100	169	213	179	270	232
EUR/GBP	35	74	81	79	75	91
EUR/CHF	35	55	55	64	87	76

As we can see from the table above, the good days for trading is in the middle of the week. For in those days (Monday, Wednesday, Thursday) many transactions.

Among the three "good day for trading", the busiest day was Friday. Generally the bustle going on until 12: 00 noon (EST), or around 12 pm (GMT + 7). Then the bustle of the market tend to decline at about 5: 00 p.m. (EST), or at 5 am (GMT + 7). That means ... we only need a half day of trading on Friday.

Now we know, when is the busiest day and full transaction. That day is a good day for trading, for there are many opportunities for us to successful trading.

Summary Of The Lesson:
Don't say SeputarForex a bad place to learn. Hey, this website not only provides basic lessons about Forex, but also a summary! We do not need to have to read the full articles back and forth about the good day for Forex trading. Once familiar with the lesson over, we just move the mouse to the bottom each time you forget this important lesson.

The Best Trading Time:

1. In the event of overlapping between the two sessions, which led to volatility and high liquidity. If it cannot be given trading session, we can bookmark that page.
2. Among the four existing session, London is the largest transaction with a session.
3. Mid week is day to day with the movement of the high-frequency range, since pip tend to widen on a day-today (Tuesday, Wednesday, Thursday).

The Worst Trading Time:

1. Sunday, because this is the time for us to relax and enjoy the time.
2. Friday, due to a sharp slump liquidity leave the sessions United States.
3. Holidays, because ... come on! No one overtime on holidays, Friends.
4. A great event, because it was too risky. Well ... unless we want to thrown out with a big zero capital.

"Oh, shit. I was too busy starting Tuesday through Thursday! "

Relax, comrades traderku. Don't be afraid of could not be trading due to busy during the good days. Remember the old adage, no roots any rattan so. Well ... we don't need to be rattan, enough change to our trading style to be a trader (trader position) swing.

"Swing? What we were talking about what kind of music? "

Isn't It. But we do not have to sweat it at this time. Just relax and learn all about Forex slowly, so that we can absorb everything well.

Next lesson: The advantages of Forex Trading

When Trading Forex, Lesson 5: Overlap Between Sessions

Overlap between sessions occurring between the two sessions, where there are many actors who take an active role in the market. If this moment as likened to broadcast Premier on television. The more "audience" (the perpetrators involved in the session), then it will be higher "rating" (liquidity) show.

Furthermore, lets, refer to the description below:

Tokyo-London Overlap
Liquidity on these sessions tend to be thin. This is caused by the lack of movement that happened in the Asian session, so trading session will be changed so not too much longer transaction that takes place at this session. At the end of the session as many traders thus decided to scuba and wait for the coming session of the London and New york sessions.

London-New York Overlap
Compared to the previous year, two Asian session this session is quite crowded and busy, because traders from two financial center started to sit down and focus delves into profit.

It could be said at a session in London and the New York session, traders just stay doing reaching out and reaching for a profit.

"As easy as that?"

Yes, it could be as easy as that, as long as we are familiar with mawas and the steps we take. But we don't need to fear, because everything is not as hard as we imagine, kok.

In this period we could see some big movements, especially at the time of the report and the data released from the land of Uncle Sam, and Canada. If there are no news at the beginning of the opening of trading, don't worry. Even if the news release, the late European market still would feel the effects.

If a trend emerges in the European session, chances are that the trend will continue, together with the entry of the U.S. into the trader's trading arena and solidify their position after reading what had happened at the beginning.

Even though it looks easy, but we must be careful, because at the end of this session some traders from the country could be Queen Elizabeth decided to close-position and cause the movement on choppy right shortly after the New York session opened.

Next lesson: Good days for Trading

When Trading Forex, Lesson 4: New York Session

After the lunch hour, or at the time we (people of Indonesia) were gathered together with the family, the U.S. session began at 8: 00 a.m. (EST) or 8: 00 pm (GMT + 7). As Asian and European sessions, the U.S. trading session is one of the world's financial center and is always supervised by the market.

"Why?"

Because, come on Friends! We were talking about New York and you're still asking again. Broadway, Donald Trump, the Rockefeller Building ...

Well, below is a chart of the currency pair pip range major in the New York session.

Pair	New York
EUR/USD	77
GBP/USD	68
USD/JPY	34
AUD/USD	68
NZD/USD	62
USD/CAD	67
USD/CHF	56
EUR/JPY	72
GBP/JPY	77
AUD/JPY	71
EUR/GBP	36
EUR/CHF	-

Pip value on the table above based on a calculation using the data in 2012. And, remember if the value of the pip was never fixed. Pip value depends on the liquidity and market conditions. Unless the value of EUR/CHF, of course, that does not change from a range of 1.2000.

Here are the New York session trading characteristics:

1. Because having an overlap with the session of the European tradingg early in the session, AS there is still a high degree of liquidity.
2. Most of the economic reports was released almost simultaneously with the start of the session in New York. And we must remember that approximately 85% of trading involving u.s. dollars. So the market will always move whenever u.s. economic news was released.
3. As European markets closed, the liquidity and volatility tends to subside during the afternoon trading session in the United States.
4. There is only a slight movement that caught on Friday afternoon, because Asian Traders choose to spend time together in a karaoke and bar. While European traders would rather spend his time in the pub and nobar matches.
5. In addition, on Fridays there is a reversal is likely to occur in the second half of the U.S. session. The cause is US traders decided to close-position earlier in the weekend to relieve pressure caused by news that emerged ahead of the holiday.

Pair Which Should We Use?
We need to take note that there will be a lot going on at the time of the U.S. and European markets opened in unison. Imaginable, all banks and multinational companies are busy answering the phone. We can use this moment to trade with any currency. However, to be safe, it is better we use major and minor currencies and avoid other strange currencies.

On the other hand, because the US dollar is often used in most transactions, the trader can be sure all will put their attention on the release of the US data. Whether it is the release of the data is positive or negative, is certain the US data releases will be able to shake world markets.

Still confused by the trading sessions and had no idea must choose which one? It's easy, please see next lesson: Overlap between sessions to get special lesson that hopefully can ease confusion.

When Trading Forex, Lesson 3: London Session

While the Asian market participants started to deal with their stuff and close the European market, just started their activity. Although there are several financial centres in Europe, but the view of market participants will be fixed on London.

According to history, London has long been a center of trade in Europe. All thanks to the strategic location. So, it is not surprising if the country still maintain the system of monarchy is considered the capital of Forex in the world, with thousands of businesses making transactions every minute of it. Alleged 30% of all Forex transactions occur at the London session.

Below is a chart of the currency pair pip range major on the London sessions:

Pair	London
EUR/USD	83
GBP/USD	82
USD/JPY	36
AUD/USD	60
NZD/USD	64
USD/CAD	66
USD/CHF	58
EUR/JPY	80
GBP/JPY	102
AUD/JPY	86
EUR/GBP	40
EUR/CHF	-

Pip value on the table above based on a calculation using the data in 2012. And remember, if the value of the pip was never fixed. Pip value depends on the liquidity and market conditions. Unless the value of EUR/CHF, of course, that does not change from a range of 1.2000.

Here are the facts regarding the European session:

1. Because the London session across two other major trading sessions, plus the fact that London is a major financial centre in the world, many large-scale Forex transactions occur at this session. Resulting in high liquidity and low transaction costs (especially the pip spread).
2. In addition, a large number of transactions at this session also put London as the most volatile trading session.
3. Most of the trend began at the London session, and they will generally continue until the New York session.
4. The volatility of the London sessions tend to end up in the middle of the session, as traders chose to fill stomachs and gather energy, New york before the session begins.
5. At the end of the session many European traders London locked their profit and cause a trend sometimes turns.

Pair Which Should We Use?
The magnitude of the volume of transactions that occur on the London session, resulting in a large number of liquidity during the European session, so that we can use any pair.

But to be safe, it is better we use pair-pair mayor: EUR/USD, GBP/USD, USD/JPY, and USD/CHF. Because only the pair that has spread most stringent. And only those who will be directly affected by any news that appears in the European session.

Or, if you want a little variety, we can use the Yen Japan and "gave him" with European currencies (for example the EUR/JPY and GBP/JPY), because the currency is quite volatile at this session. However, the disadvantage is, since we're using cross pairs, spread that appears to be quite wide.

Yup! Next let assault New York session!