Forex Digest

Which foreign currency pair markets overlap between the hours of 7pm and 12pm GMT therefore giving good volatility and opportuntity ?

Hi
The USA and European markets overlap between 5am & 9am Eastern Time and the Euro & Asian between 11pm & 1am eastern. It is usually the busiest time and best to trade.
This is great time to trade Forex market when the over lapping periods

2009-01-19 11:07:40 by Bob

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Among the day trading forex currencies the US Dollar (USD) has seen gains against the:
- Canadian Dollar (CAD)
- Japanese Yen (JPY)
- Australian Dollar (AUD)

The US Dollar has also gained against the Indian Rupee (INR) and the Russian Rouble (RUB).

The biggest gains as of now have come from a rally against the Japanese currency, so if you're into trading USD, this is where you should continue to see profits over the short to medium term.

I recommend you look at Pound Sterling (GBP) as well as it's been a traditionally strong currency. Include it in your forex portfolio and part of your daily trade.

2008-06-10 23:17:57 by Hello

i am a stock market player. i want to enter currency market. kindly guide me which currency pairs are normally very active and the timings (from what time to what time if I am ready to concentrate on all the 24 hours)generally very active for day trading. Also request to mention the differnce between currency trading and stock trading in various angles

By far and away the most active currency pairs are GBP/USD, EUR/USD, USD/CHF and USD/JPY.

2007-04-30 07:06:32 by saj_km

I will like to use this details to calculate my pivot point, resistance, and supports.

I export my data at piptrader.com

2007-11-15 08:53:31 by SAMPSON S

I have learned and I'm currently learning more and more about currency speculatrion, and I've set up a practice account. I know that the foreign exchange markets (Forex), creates more money in profits everyday than the entire stock market in 1 year which is a collosal daily intake of $3.8 trillion per day, about $1.5 quadrillion in 1 year. I also know that there are only 5% of currency traders that succeed because they expand their education and practice before they do the real thing. The other 95% of traders either have a mentality and think its a get rich business, or don't invest time to educate themselves and don't set up practice account to get the hang of it, or a mixture of all three. What I'd like to know is, is it true that a new millionaire is made every day trading Forex?

I could not find any statistics to support that claim but with Forex being such a volatile market it is possible to double or even triple the money you invest so with well over a trillion being invested every day it is very possible that a millionaire is also created every day.

Did you know that many of those 5% of people who succeed use artificial intelligence to pick the trades and do the buying and selling for them? It's true, I found this website: http://forex-lifestyle.com which tests (not just reviews) the 10 most popular automated Forex software available by starting with a small investment of $100 in each program and letting it do its business on autopilot. Some of the programs made money while others lost the entire $100 deposit. The site is updated regularly.

I personally have just started using a program called FAP Turbo and it has made me a small profit in just a few days.

2009-07-28 14:59:21 by William M