Trading Forex doesn't have to be complicated. In fact, it's best to keep things as simple as possible. That's why price action trading was a great fit for me and is becoming more popular every day. This community exists to discuss Forex price action trading to include, price action strategies, key market levels, trade setups or anything else related to price action trading. Feel free to join the conversation!
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I live in Canada, I’m using MetaTrader connected with a CMC brokerage. I’m a little confused on how the trading hours works as I’ve been able to trade after 4pm some days but today for example (Friday) I am not able to execute a trade as it keeps telling me “Market Is Closed”. I’ve been searching through the internet to find the hours it opens and closes but to no avail. If someone can provide me with an easy understanding for when I’m able to trade for example: XAU/USE (gold) It would be very helpful and appreciated! Thank You!
I was like many of you. Searching stocks premarket ... Trying to find the one that would explode. Only once have I been lucky in 5 months. I got into forex. Now I'm setting daily targets of 50 on Monday and up by 10 per day every day I can hit target. If I can't hit target i lower it by $10 the next day. In 3 wks I've been able to grow my account by over $200 so far. And that's only on a $1k account. I'm now moving more capital over to forex.com from E-Trade. . Anyone else on similar findings ?
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Forex Trading centres in the world: Trading hours in local time: Forex Oceania-Asia session: Wellington, New Zealand : 08:00-17:00: Sydney, Australia: 08:00-17:00 Forex trading time frames are commonly classified as long-term, medium-term and short-term. Traders have the option of incorporating all three, or simply using one longer and one shorter time ... Forex market is open 24 hours a day. It provides a great opportunity for traders to trade at any time of the day or night. However, when it seems to be not so important at the beginning, the right time to trade is one of the most crucial points in becoming a successful Forex trader. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. The most favorable trading time is the 8 a.m. to noon overlap of New York and London exchanges. These two trading centers account for more than 50% of all forex trades. On the flipside, from 5 p.m. to 6 p.m., trading mostly happens in the Singapore and Sydney exchanges, where there is far less volume than during the London/New York window.
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