Monday, April 18, 2011

Trading Around the World

Who does not dream of having a business that is so successful that it makes money throughout the world? Or making money whilst sipping a Pina Colada? Well, by running a home forex business anyone can. The only requirements have to be that you have your wireless enabled laptop with you and that you can obtain an internet connection. The first time when I was on vacation and managed to pay for my holiday whilst at a swim up pool bar in the sun is an unforgettable experience! Although a word of warning, keep the laptop far away from the water. Yes, there is a story there too!

The forex market is extensive in both its geographical distribution as well as its Credit4 hours. That is why it truly can be said to be a global business which starts off with Asia and ends with the United States. Bearing in mind that the vast majority of the forex Credit4 takes place through banks and other Credit0 institutions, it is therefore no surprise to find that the volume of trades is largest when the exchanges are open in their countries.

For London forex exchanged accounts for almost 40% of the daily forex trade, with New York taking up 17% with Japan another 7%.. The following is list of four of the largest exchanges London, New York, Tokyo and Sydney with their opening times. Note that the first time is in GMT (London Time - subtract one for European time), followed by Eastern Time and finally by Sydney (Subtract one for Tokyo time)

London opening times

8am to 5pm GMT; 3am to 12pm Eastern Time, 5pm to 2am Tokyo Time

Tokyo opening times

Midnight to 9am GMT; 7pm to 4am Eastern Time; 9am to 6pm Tokyo Time

New York opening times

1pm to 10pm GMT; 8am to 5pm Eastern Time; 7pm to 4am Tokyo

Now what is the connection? Well for most of the night The Japanese and the Australian market are both open for the majority of the night, Tokyo and London overlap by one hour and London are the NY markets are open for three hours. Also London and Europe are open for the majority of the working day. It is during these times when the Credit0 institutions are Credit4 that there is the greatest chance for movement. The measure of Credit4 volume is defined as the liquidity of the market as high volumes will inevitably tend to more flowing movement of prices..

What this means for the trader running a home forex business can be summed up in one word. Opportunity. Wherever there is fluidity then there will be improved opportunities of identifying profitable trades.

Are all times to trade the same? The answer is no. For the trader who is running a Home Forex Business, it is important to be able to select those periods during which there is most liquidity. The great advantage is that by selecting the times where there is greater volume, this should lead to more trades. The key of course, is to make them profitable. Which is why a good Credit4 strategy is essential, the one I have learnt works!

Who does not dream of having a business that is so successful that it makes money throughout the world? Or making money whilst sipping a Pina Colada? Well, by running a home forex business anyone can. The only requirements have to be that you have your wireless enabled laptop with you and that you can obtain an internet connection. The first time when I was on vacation and managed to pay for my holiday whilst at a swim up pool bar in the sun is an unforgettable experience! Although a word of warning, keep the laptop far away from the water. Yes, there is a story there too!

The forex market is extensive in both its geographical distribution as well as its Credit4 hours. That is why it truly can be said to be a global business which starts off with Asia and ends with the United States. Bearing in mind that the vast majority of the forex Credit4 takes place through banks and other Credit0 institutions, it is therefore no surprise to find that the volume of trades is largest when the exchanges are open in their countries.

For London forex exchanged accounts for almost 40% of the daily forex trade, with New York taking up 17% with Japan another 7%.. The following is list of four of the largest exchanges London, New York, Tokyo and Sydney with their opening times. Note that the first time is in GMT (London Time - subtract one for European time), followed by Eastern Time and finally by Sydney (Subtract one for Tokyo time)

London opening times

8am to 5pm GMT; 3am to 12pm Eastern Time, 5pm to 2am Tokyo Time

Tokyo opening times

Midnight to 9am GMT; 7pm to 4am Eastern Time; 9am to 6pm Tokyo Time

New York opening times

1pm to 10pm GMT; 8am to 5pm Eastern Time; 7pm to 4am Tokyo

Now what is the connection? Well for most of the night The Japanese and the Australian market are both open for the majority of the night, Tokyo and London overlap by one hour and London are the NY markets are open for three hours. Also London and Europe are open for the majority of the working day. It is during these times when the Credit0 institutions are Credit4 that there is the greatest chance for movement. The measure of Credit4 volume is defined as the liquidity of the market as high volumes will inevitably tend to more flowing movement of prices..

What this means for the trader running a home forex business can be summed up in one word. Opportunity. Wherever there is fluidity then there will be improved opportunities of identifying profitable trades.

Are all times to trade the same? The answer is no. For the trader who is running a Home Forex Business, it is important to be able to select those periods during which there is most liquidity. The great advantage is that by selecting the times where there is greater volume, this should lead to more trades. The key of course, is to make them profitable. Which is why a good Credit4 strategy is essential, the one I have learnt works!

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