Trading at the Right Time
Trading at the Right Time
The most obvious difference between
the forex market and other trading markets is the constant trading hours
and the unconstrained trading places. Trading at the right time helps
generate a great profit.To get more news about WikiFX, you can visit wikifx official website.
In other words, the forex market is a 24-hour non-stop market. The
main fluctuations and trading hours start from New Zealand‘s working
Monday morning to Chicago’s Friday afternoon. There is also a small
number of forex transactions at weekends of the Middle East time, but
they are basically negligible as normal inter-bank weekly exchanges
rather than speculation action. In summary, the forex market is a
continuous trading market that never closes.
In the 24 hours, every trading session in the forex market has its
own moving patterns and characteristics. So we have to adopt
corresponding strategies at the appropriate time to increase the rate of
return and the risk exposure of trade.
1. The New York forex
market is the largest one in the United States. The market has
established the most modern electronic computer system. At 10:00 p.m.
Johannesburg time, the last transaction price in the market is the
closing price of the previous day, and the first transaction thereafter
is the opening price of the day.
2. The London forex market is a
prestigious international forex market. As the center of the European
currency market, the London forex market sees a large number of foreign
banks establishing branches here. In this market, banks and other
financial institutions operating forex trading have adopted advanced
electronic communication equipment and turned to be the center of
Euro-Dollar transactions.
3. Tokyo has developed its forex market
from a regional forex trading center to the third largest forex market
in the world following London and New York. Its annual trading volume
ranks third in the world. At present, the largest transaction in the
market is still the Yen-Dollar pair.
4. Hong Kong is an important
international financial center in the Far East. The market participants
are divided into three types: commercial banks, deposit companies and
forex brokers. Commercial banks mainly refer to foreign banking groups
composed of HSBC and Hang Seng Bank, which account for about 80% of all
market businesses.
WikiFX is a global Forex inquiry platform that
provides updated rankings of Forex brokers. So if you are seeking a
broker to start your Forex trading journey, please search the detailed
information about the broker on the WikiFX.
评论
发表评论