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The currency pairs that trader trade most is the EURUSD, USDJYP and GPBUSD
The Forex market (the money market / the capital market) is open 24 hours a day 5 day a week. When we speak about the Forex market we are referring to the market in New York, London, Tokyo and Sydney.
If we are in London we are in London’s time zone. In London’s time zone the market in London opens at 8 in the morning and close at 5 in the afternoon. New York opens at 1 in the afternoon and close at 10 in the evening. Sydney opens at 10 in the evening and close at 7 in the morning. Tokyo opens at 12 at night and close at 9 in the morning.
We are not all in London’s time zone or we are in different time zones during the year. If you want to see when the markets are open in your time zone download this free Forex Market Hours Monitor I found on the internet.
Link to the free Forex Market Hours Monitor: http://www.forexmarkethours.com
Trader information - Economic calendar
When the markets (the money market / the capital market) are open we are interested in the information that is significant for our trades. It could be economy information from the governments about the financial situation. Just to be sure there isn’t information during the trade days that have impact on the currencies we are trading in check this economic calendar.
Link to the calendar is: Economic calendar
Trading signals
Is it a good time to buy the EUR/USD or the GBP/UDS or is it better trading in another currency as the USD/CHF at the time being.
Watch the trading signals at Dukascopy. They have hourly and daily video updates about trading signals in the Forex, stocks, indices, ETFS and commodities market.
Link to the trading signals are: Duskascopy
What is a Binary Options trading system?
Binary Options are a simple trading system which is based on the price of an asset. The asset could be the EUR/USD. The trader receives the signals for the EUR/USD and have to decide if the EUR/USD is falling or rising in an agreed time period.
In other words. The trader can buy a call option and the trader earn a profit if the market price is higher before the agreed time period expires. Inverse the trader can buy a put option and the trader earn a profit if the market price is lower at the end of the agreed time period.
Want to trade at PLUS500? Just click on the trading area you are considering trading in for more info
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