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    FOREX SIGNALS

    Thursday, 11 February 2021

    TRADING TIMES AND TRADING SESSIONS



     We are entering into the most vital part of this Forex Training... If you were distracted before, let's focus because your proper understanding of the Forex market would be determined if you actually know the Forex cycle.

     Now that you know what forex is.

    *Why you should trade it, and who makes up the forex market,*

    Its about time you learn when you want to trade the forex markets.

     5 trillion dollars worth transaction per day, 24/5(24hrs/5days) Forex trading hour..

    This are the main catches that entice Forex trader's to start trading..
     But in reality.

    Should you trade every minutes and seconds?

    Let's break the myth. Know the trading times and trading sessions

     *WHAT IS TRADING TIME AND SESSION*

    A trading session is a period of time that varies within the Forex market.
     This are various trading time and trading session in Forex market..

    They include.πŸ‘‡πŸ‘‡
     πŸ”– *SYDNEY SESSION

    πŸ”– *TOKYO SESSION

    πŸ”– *LONDON SESSION

    πŸ”– *FRANKFURT SESSION

    πŸ”– *NEW YORK SESSION

    If you want to trade in the Forex market, you need a broker.

    Incase someone might tease  you by asking what/who is your BROKER*πŸ˜‰ you must be able to beautifully  explain very well..


    But what Exactly is a broker?

    A *FOREX BROKER* is a firm that provides traders with access to a platform that allows a Forex trader to buy & sell foreign Currencies.

    Currencies are traded on Forex through a *Broker*

    Transaction in the market are always between a pair of different currencies,
        

    So Forex in market you Either buy or sell the particular currency they want to trade in the market through a *Broker.*

     *WHAT FOREX BROKER DOES FOR A TRADER*

    πŸ”– They provides you as a trader an access to the financial market.

    πŸ”– They provides a trading account for you.

    πŸ”– They gives Traders what there we call LEVERAGE. (WE will see that soon).

    πŸ”– They operates as middle man between you and the forex market.

    πŸ”– Retail currency traders use these brokers to gain access to the 24-hour currency market for the purpose of speculation.

    πŸ”– A Forex broker works as an intermediary between you & the interbank system.
     There are various Brookers in the Forex Market

    We have

     *HOTFOREX*
     *FXTM*
     *FXCM*
     *OCTA FX*
     *LITE FOREX*
     *XMGLOBAL*
     *JPMARKET*
    ETC...

    We are still going to take time to talk about Brookers in details

    But we are now aware of their Functions and what they offer the Traders






    *London Session* represents The *United Kingdom* and the countries within it.


    *FRANKFURT session* which is in *Germany* represents *Europe* and other countries within it.


    While

    *NewYork Session* which is *USA* represents **AMERICAN* and other countries within it.

     The Sessions names are derived from the major cities in which most of the Transactions are done.

    For example...

    *Sydney Session* is represents *Australia* and other countries around that Time zone

    Tokyo session, sometimes called *ASIAN Session* represents *Japan* and some of the *Asian* countries.

     Forex is actually a 24 hours market.


    It is most times regarded as the Market that never Sleeps because it's open for 24 hours of the day except on Weekends

    So no matter where you are around the World, no matter your Time zone.... U can actually Trade this Large,  *Highly Liquidity market*

     HOPE YOU GUY'S ARE JOTTING DOWN.

    LET'S ALL STAY TUNED AND FOLLOW CLOSLY πŸ“Š
     Trading times and session helps you to understand the logic behind the formulation of the forex trading sessions and times

    Traders sleep (of course when there don't have open position or trades).

    But the Forex market doesn't..
     *Let's now get to their Trading Times....*


    Because each of this Session have their own Opening and Close times...
     πŸ”– *SYDNEY SESSION*
    Opens by *10:00PM* Nigeria time


    πŸ”– *TOKYO SESSION*
    OPENS BY *12:00 AM* Nigeria time.


    πŸ”– *LONDON SESSION*
    OPENS BY *8:00AM AM* Nigeria time.


    πŸ”– *FRANKFURT SESSION*
    OPENS BY *9:00AM* Nigeria time


    πŸ”– *NEW YORK SESSION*
    OPENS BY *2:00PM* Nigeria time.

     Now there is an important thing to Note here...


    This is what many Forex Traders don't actually understand because nobody taught them.


    It is always good to Trade the Market when 2 Markets are open at the same time.

    Ie When 2 of the sessions are open

    Please Take note of this Important point

     If one session closes the other opens, like the Revolution of earth were Emphatically designed to facilitate forex trading times and sessions

    *Example*...

    πŸ”– Sydney Session that Opens by *10:00PM* Will be closed by *7:00AM*


    πŸ”– TOKYO Session that Opens by *12:00AM* Will be closed by *9:00AM*


    πŸ”– NEWYORK SESSION that Opens by *2:00PM* Will be closed by *11:00PM*


    πŸ”–LONDON SESSION that opens by *8:00AM* Will be closed by *5:00PM*


    πŸ”– FRANKFURT SESSION that opens by *9:00AM* Will be closed by *6:00PM*


    *JUST ADD 9 HOURS TO THEIR OPENING TIMES SO AS TO GET THE CLOSING TIMES*

    1 comment:

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