Daily Forex Market avatar

Daily Forex Market avatar


The working day of a currency trader in commercial banks in Europe, America and Asia begins at 7:30 pm local time. Half an hour is spent on exploring the events that occurred after the last working day. Traders read newspapers and economic reviews, analyze the impact of published fundamental indicators and make forecasts for the expected data. They are also a few minutes to explore the technical picture of the market in the near future. Traders exchange information, discuss the predictions for the next day as well as gather information and rumors of their colleagues from other financial institutions. When all information is collected and analyzed they have more or less clear picture of possible changes in exchange rates and financial market for the next day with different scenarios for future developments. At 8:00, the traders begin their work by actively enter the first transaction.

Independent traders day, also to begin trading day in the early morning hours with market analysis and determine their tactics for the next day. When you enter the market and start openly trades that have an impact on changes in exchange rates and market movements.

During the day you can see how the activity of different markets territorial changes. As day traders typically begin their trading activity of the morning and ended in the evening regardless of the zone of their location.

Far East.

This market is active from the deep night GMT GMT. This is where the trading day begins. The largest number of transactions amounted to currency pairs associated with the Japanese yen, Australian and New Zealand dollars. Currency fluctuations are usually small, for 50 points. Before noon, working very actively Tokyo Tokyo, before lunch - Singapore. Trading in Singapore is often concentrated on the SGD and JPY, AUD and NZD. Being a major financial center in Asia Singapore trading has large impact on the market during these hours

Europe.

European markets such as Paris, Zurich, Luxembourg, Frankfurt am Main, opens at 7:00 GMT GMT time. But the real active European trading begins around 08:00 GMT when the London Stock Exchange joined the market. Usually the market is very active within the next 2-3 hours before the lunch. During lunch in Europe, currency fluctuations relax a little bit of about 10-20 points. Such markets are called boring, even more than that - dead (or dead boring market). This is the time when it is almost impossible to trade and the movements are small survey. But sometimes, you can see very strong trends over the lunch break, which can reach large numbers (100 points). Such markets are called occupied or crowded market. If you have cautch such a trend, it is a good opportunity to make a nice profit.

North America.

At about 14:00 GMT, after dinner, European dealers continue their work. That is exactly the time when U.S. retailers start their work. When they join the European traders, the market experienced a large influx of funds. But the scope and force of U.S. and European financial institutions in connection with it, so currency fluctuations generally show small vibration of pure European session. But the opening of the New York Stock Exchange is extremely interesting for traders, because the U.S. market determines the further movement of the courses. In the evening, after 17:00 GMT when the European stock markets closed, U.S. banks remain alone in the "thin" market, this is a time when powerful moves take place associated with U.S. dollar. Changes in rates can reach several percent and held for 400-500 points. This is the time when the market suffered the biggest movements and many traders get their chance to make a profit.