Time to trade the forex
January 14, 2007 9:15am CST
I've been involved the online forex market since two months ago, but still have no good result, somebody said that timing is one thing that would actually determine the success in the forex market, is it true? if yes, when is the best time to success in trading forex market?
25 Feb 07
Yes, timing is very significant aspect of forex trading. You must follow your market time to time. You must follow the news. There are so many parameters that influence the movement of forex chart which are in news. Using the news you can analyze whether it is the right time to buy, to sell or to wait.
28 Feb 07
Timing stands for a lot of things in Forex. Just in case you didn't get what they mean. 1. What time do you trade forex? This is important because of the 4 different major market timings. 2. What is the time frame you are looking at? I presume that you would have come into contact with some basic charting programs. Time frame is the charts you look at, M30 H1 H3 H4 D . . 3. The timing of the trades, when do you enter and when do you sit down do nothing. I am not going again people who like to trade the trends, aka strong bulls/bear. But I always like to tell people that the timing when you enter a trade might make a difference in the profit realized at the end of the day. 4. News trading should be something you should have heard of too. Whenever there are major news like Interest rates, or some big shot in the banks speak, some things are bound to happen. But usually these things happen very fast. Come and go in say 5-15 mins max. There might be more different things on times, but i think i will stop here. Just for the sake of having the last word, REMEMBER the MONEY MANAGEMENT is still the most IMPORTANT things about trading.
28 Feb 07
Forex is one field I have never dare to touch. I don't think I have the guts and the adrenaline for it yet. Maybe one day in the future. I believe there is a timing and a good trader in forex need to be able to sense the right time.