The Breakdown Of Forex Trading Strategies
Forex Video Text Version In our last lesson we finished up our discussion on the different participants in the forex market and how each can affect the market. In today’s lesson we are going to look at the major cities where foreign exchange is traded and the characteristics of each of the 8 hour trading sessions that make up the 24 hour trading day. Unlike the futures and equities markets, the forex market trades actively 24 hours a day with active trading hours following the sun around the globe to each of the major money centers. As the foreign exchange market is an over the counter market where two counterparties can trade with each other whenever they want, technically the market never closes. 
Successful Forex Trading Strategies
Most electronic trading platforms however open for trading at around 5 PM Eastern Time on Sunday, which corresponds to the start of Monday’s business hours in Australia and New Zealand. While there are certainly banks in these countries which actively make markets in foreign exchange, there is very little trading done in these countries when compared to other major money centers of the world.
The first major money center to open and there fore the start of the first major session in the forex market is the Asian Trading session which corresponds with the start of business hours in Tokyo at 7pm Eastern Time on Sunday. While still considered 1 of the three major money centers, only 7.6% of forex transactions flow through Tokyo trading desks, so the Asian trading session is the least active of the three. While there is active trading in Yen based currency pairs during Asian hours the market for currencies outside of Yen based pairs is relatively thin, making Asian trading hours a time when the larger banks and hedge funds in the market will sometimes try and push the market in their favor. Next in line is the European trading session which begins with the start of London business hours at 2 AM Eastern Standard Time.
Lesson 7: A Breakdown of the Forex Trading Day: Back to complete forex trading video course. Previous Lesson: Next Lesson. Download Free Forex Strategies and Top Rated Metatrader 4/5 Indicators Download top rated forex strategies and best MT4/MT5 forex indicators. Breakdown of 20 Pips A Day Trading Strategy Using Asian Session Breakouts This Forex system is similar to the London breakout forex trading strategy but the only difference here is you are aiming for only 20 pips profit for every single trade you place. The most successful Forex trading strategies need to go beyond the charts. We need strong money management and a solid mindset to complete the recipe for long term survivability in the markets. exit point of the forex market We need strong money management and a solid mindset to.