officejax currency trading information

Channel



Ad your free banner at www.AdViews.info

 

Be a Smarter FOREX Currency Trader: Three Basic Principles


Below I will describe three basic principles that may come in handy for currency traders. They are very easy to implement and potentially take advantage of as you will see.

Principle 1

Some currency traders find that it is useful to always trade a given currency pair at the very same time every day. The reasoning for this is that most of the other traders buying or selling that currency pair may also trade at the same time. Major trading pits may also be working the exact same shift every day. This technique may be especially useful for currency traders who exploit technical analysis. Again, the reasoning for this is that it may be possible to standardize the trading conditions if one trades during the same time frame every day, if only for a very little bit. However, that small bit of standardization may yield several pips worth of profit. Nevertheless, it is readily obvious that the foreign exchange market can be very volatile and random.

Principle 2

Certain currencies trade with a certain volatility at a certain time. Once you've finished practicing your trading skills on a demo account and you decide to test the waters using your own investment capital, you may want to minimize the amount of liquidity and volatility to hedge your risk. Alternatively, you may want to increase the risk involved, and potentially increase your profit potential. (It should be noted that very heavy risk is involved under any circumstances.)

The foreign exchange market follows the sun around the world moving from the United States to Australia and New Zealand to the Far East, to Europe and finally back to the United States. Overall foreign currency trading volume is determined by which markets are open and the overlap in the times that these markets are open. Currency trading volume is relatively high 24 hours a day, but there are considerable peaks in activity when the British, European, and US markets are open simultaneously, which is from 1 pm GMT to 4 pm GMT. Pacific Rim markets, such as Japan and Hong Kong, show a dip in their trading volume while there is extensive volume in the US market at the very same time. Nevertheless, it is still possible to perform technical analysis on Pacific Rim currencies. By trading during a certain time frame, one may be able to either minimize or maximize the level of volatility (and risk) for a given currency pair.

Principle 3

Although the above is a general statement about the activity volume for certain currencies, it may be a good idea to attempt to capture the level of volatility for given currency pairs. You can potentially use Bollinger bands, a tool used by technical analysts, to quantify volatility. Bollinger bands compare volatility and relative price levels over time. Some currency traders cannot trade a day in their life without using Bollinger bands, while others may not find any use for them; it is really up to you to decide whether Bollinger bands are of any use to your specific situation.

I have described three basic principles that may potentially come in handy for currency traders in the foreign exchange market. They are very easy to implement and may reap rewards (or lack thereof) depending on market conditions. Hopefully these principles will help you come up with your own successful strategies for trading currencies in the foreign exchange market.

Joshua M. Kunken is Currency Analyst for ForeignMarketWatch.com. His articles may also be found at ForexTrack.com.


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Fri. September / 21 / 2018

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Law.com

State AG Refers 3 Virtual Currency Trading Platforms to DFS for Investigation
Law.com
The findings are the result of a survey sent to more than a dozen virtual currency trading platforms by the attorney general's office seeking information on their operations, internal controls and customer safeguards. Ten chose to participate in the ...
NY AG's VMI Report slates crypto-currency platforms/operationsEnterprise Times
Virtual Markets Integrity Report - New York State Attorney GeneralNew York State Attorney General

all 82 news articles »


The National

Libya curtails black market with 183% currency trading fee - The ...
The National
Libya's UN-backed government has imposed a 183 per cent fee on foreign currency transactions in an effort to narrow the gap between the official and black ...
Libya Targets Black Market with 183% Currency Trading FeeBloomberg
Libya targets black market with 183 per cent currency trading feeCPI Financial

all 63 news articles »


Law.com

New York AG Refers 3 Virtual Currency Trading Platforms to State DFS for Investigation
Law.com
cryptocurrency, virtual currency, bitcoin, money Photo Credit: Shutterstock. The state attorney general's office has referred three virtual currency trading platforms to the state Department of Financial Services for potential violations of state ...



Smartereum

Tron (TRX) To Get a New Trading Pair – TRX/BNB – On Binance Exchange
Smartereum
Binance – one of the most popular digital currency trading platforms in the world – recently announced that it will be adding a new pair for the trading of Tron (TRX) with their native digital currency – the Binance Coin (BNB). According to the ...

and more »


Friendlier rules seen to spur virtual currency trading in Taiwan
Digitimes
Taiwan has formulated relatively friendlier regulations governing virtual currency exchanges, which is expected to help the country's trading of digital tokens expand significantly, according to David Pan, president of ACE Exchange, a digital asset ...



Singapore Business Review

SGX taps exchange trade platform M-DAQ to launch multi-currency trading prototype
Singapore Business Review
The platform will let investors access embedded interbank FX pricing at the point of transaction without slippage. The Singapore Exchange (SGX) partnered with cross-border solutions provider M-DAQ to roll out a view-only multi-denomination automated ...
SGX partners start-up on multi-currency trading prototypeThe Straits Times

all 3 news articles »


Apollo Currency Trading 5% Lower Over Last Week (CRYPTO:APL)
Fairfield Current
Apollo Currency (CURRENCY:APL) traded 10.3% lower against the U.S. dollar during the twenty-four hour period ending at 17:00 PM Eastern on September 8th. One Apollo Currency coin can currently be purchased for approximately $0.0020 or 0.00000031 ...

and more »


Smartereum

Instant Crypto Trading Platform – ChangeHero – Adds Tron (TRX) To Its Platform
Smartereum
Now the native currency of Tron – TRX, will be added to the list of tradable coins on ChangeHero – an instant digital currency trading platform. The trading platform has launched a new TRX/USD trading channel for its clients, which is live now. People ...

and more »


Apollo Currency Trading 22.4% Higher This Week (APL)
Fairfield Current
Apollo Currency (CURRENCY:APL) traded 1.6% higher against the dollar during the 24-hour period ending at 21:00 PM ET on September 12th. Apollo Currency has a total market cap of $0.00 and $136,732.00 worth of Apollo Currency was traded on ...

and more »


Smartereum

BitBay – Which Dominates 70% of Poland's Market Shares – Adds Tron (TRX) To Its Platform
Smartereum
On 19 September, the CEO and founder of Tron (TRX) Foundation – Justin Sun, made an announcement on Twitter that Tron (TRX) will be added to the list of tradable digital currencies on BitBay. BitBay is a digital currency trading platform that ...

and more »

Google News

     Large inventory of office cubicle and partitions walls for sale in Northeast Ohio

     Find home remodeling contractors Akron Ohio

Search for estate sales in Akron Ohio

Click here to
OfficeJax free ad space available here improve pagerank with a free one way backlink

 

Find used office equipment in Ohio at www.OfficeJax.Has.It

www.Akron.Has.It

Find the best fleamarkets at www.FleaMarketWorld.Has.It

Find electric powered vehicles at www.NoGas.Drives.It

Flea Market World

Free Automatic Link Exchange

Akron City directory

Find homes for rent
in Akron Ohio
www.homes4rent.has.it

Anonymous and Confidential U.S. Mail Drops - No ID Required reship worldwide

Click here to
post your free classified ad here free advertising and one way backlink
Free one way backlink

 

officejax surplus office furniture outlet Akron, ohio

[Back to Top]

 

auction news and listings for Akron, Ohio

Akron crafts and hobby news center

Akron Ohio pet news

Advertising and promotions Akron, Ohio

The Akron blogging news center

Akron Ohio web site design news

best tips and home remedies

Akron Mortgaging and refinancing

Akron currency trading

Page Ranking Icon

 

Home | Site Map
© 2012 - 2018 All Rights Reserved

 

currency trading forex currency trading online currency trading foreign currency trading currency forex learn online trading currency forex online trading currency day trading currency trading system forex currency trading system currency privateforextrader.com trading currency exchange trading e currency trading currency foreign privateforextrader.com trading book on currency trading currency trading broker currency trading software day trading forex currency currency ireland trading online currency trading system currency future trading day trading for the currency market online foreign currency trading fx currency trading forex currency trading beginner forex training course currency trading currency day system trading currency trading course 4x currency trading currency trading tutorial currency trading information foreign currency exchange trading currency global in market trading started in currency trading commodity  currency trading trading the global currency market international currency trading course in currency trading automated currency system trading foreign currency trading software currency trading strategy currency forex learn trading currency make money trading currency trading signal currency option trading currency forex market trading currency trading made easy chart currency trading currency trading  tip currency foreign forex trading currency demo trading currency trading forex spot rate learn currency trading basics currency trading currency trading for beginner forex currency trading broker currency electronic trading currency game trading currency exchange foreign  forex trading interbank currency trading practice currency trading currency forex fx software software software trading free trading currency guide tool online currency forex trading currency news trading best currency system trading currency trading account currency currency forex forex learn online online trading online currency trading strategy currency trading platform currency forex learn online online trading trading currency trading training company currency exchange foreign trading company currency forex trading currency euro trading currency forex trader trading automated currency trading currency foreign system trading currency market trading currency option trading system currency trading seminar business currency currency home internet trading trading canada currency trading spot currency trading currency exchange rate trading currency forex pair trading using vantagepoint currency network neural trading boards currency forex trading how to start currency trading currency trading australia currency forex tag trading currency forex trade trading currency insurance trading currency trading education live currency trading online currency option trading advisor currency expert trading, commodity currency future trading currency day foreign trading currency exchange link trading credit currency trading