The Forex market is open 24 hours a day 5 day a week. The market consists of four markets New York, London, Tokyo and Sydney.
In London time 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.
The London and New York markets are open at the same time from 1 in the afternoon to 5 in the afternoon. The London market and Tokyo market are open at the same time from 8 in the morning to 9 in the morning.
The markets in Tokyo and Sydney are open at the same time from 12 at night to 7 in the morning.
When the markets are open at the same time there is more volume and trades and it give a better chance to win a profit.
At this link http://www.forexmarkethours.com/ at the end of the page is a free Forex Market Hours Monitor you can download. The monitor shows when the market is open in your time zone.
Interested in how to trade read my posts
• How easy it is to trade - Step by step - And how to minimize risk in a trade
• Trading Forex at PLUS500 using the trading strategy 123 trading signals
Or / and visit my Forex website. My Forex website contains the trading strategies
• The Fibonacci trading strategy
• And free Fibonacci calculators
• The alligator trading strategy
Visit my Forex website click on this link Forex website
At my blog I use the online trading platform PLUS500. Further information about PLUS500 sign-up at PLUS500 and receive a sign-up bonus €25 / £20 (no deposit is required) and you are ready to trade at the PLUS500 trading platform.....Click on this link.
Sunday, January 22, 2012
Wednesday, January 11, 2012
How easy it is to trade - Step by step - And how to minimize risk in a trade
I want to illustrate how easy and safe it is trading at PLUS500 using the rules I use. In this post I will go through a trade step by step. The object is to illustrate how easy it is to trade at the online trading platform PLUS500 and how to minimize risk in a trade.
The steps are:
Step 1
Login to PLUS500 trading online platform.
Step 2
Use the trading rules - Fibonacci and Alligator trading - from Forex website.
Link........My Forex website
Step 3
Calculate
Use one of the free Fibionacci calculators from my Forex website
Link........My Forex website
Step 4
Enter trailing profit stop
Step 5
Enter the investment and click on the buy button
Step 6
Waiting for the profit
Step 7
Want to sign-up at PLUS500 - Sign-up at PLUS500 and receive a sign-up bonus (no deposit is required) and you are ready to trade.
Step 1
Login in to PLUS500.
Step 2
Pick the trade.
I picked the stock British Sky by following the rules from my Forex website – the FIBONACCI rules.
The graphs illustrates that there is change in the trend.
Step 3
Calculate entry rate and auto call profit.
I calculated the levels though my spreadsheet - my FIBAONACCI CALCULATOR. The levels are
The levels are the 38,2 % and 50 % levels from FIBAONACCI THEORY because I wanted to minimize my risk on this trade.
Want to learn the FIBAONACCI theory – click on this link – My Forex website
Step 4
Enter trailing profit stop.
I wanted to minimize my risk not just by choosing the levels in STEP 3 but also by entering a trailing profit stop.
At PLUS500 is a Trailing profit stop function.
A trailing profit stop is a stop that calls the profit if the rate fall the pips that have been entered as a trailing profit stop. The trailing stop is illustrated below
In the illustration I bought at rate 10. The trailing stop is set to 5 pips. My auto call could have been 21 but the rate started to fall at 20. The trailing stop is 5 and will stop the “loss” at 15. The expected profit was 11 but the rate started to fall before the auto call profit level - but there is still a profit. In this example (10 – 15) = 5.
If the rate rise to 12 and then started to fall the trade would have stopped at 7. In this case the loss would have been (10-7) = 3 but the loss could have been bigger without the trailing stop.
Step 5
Enter the investment and click on the buy button.
I entered the calculated levels and the invested amount in the British Sky stock.
In the Buy box at the trading platform PLUS500 is the entered figures.
I entered £ 1.601 and geared the trade 10 times. The investment after gearing is £ 16.008.
In step 3 I calculated that my auto call profit is at rate 731,61 and I wanted to buy if the rate was 728,908.
My trailing stop is 200 pips.
I rechecked my figures and clicked on the buy button and started to wait.
Step 6
Wait for the profit.
The statement below is the statement after the trade is close.
The statement tells us that the trailing stop call stopped the trade at rate 729,27 and that I made a profit – 57,21 DKK (in euro 57,21/7,45 = 7,68).
If the trend have been 100 % I would have earned 531, 86 DKK (in euro 531,86/7,45 = 71,4) – the 531,86 is in the buy box under “ Close if profit is” - watch step 5.
Time spent on the British Sky trade was approximately 10 – 20 minutes and the risk was low.
Step 7
Further information about Sign-up at PLUS500 and receive a sign-up bonus (no deposit is required) and you are ready to trade at the PLUS500 trading platform.....click on this link.
The steps are:
Step 1
Login to PLUS500 trading online platform.
Step 2
Use the trading rules - Fibonacci and Alligator trading - from Forex website.
Link........My Forex website
Step 3
Calculate
- Entry rate
- Auto call profit
Use one of the free Fibionacci calculators from my Forex website
Link........My Forex website
Step 4
Enter trailing profit stop
Step 5
Enter the investment and click on the buy button
Step 6
Waiting for the profit
Step 7
Want to sign-up at PLUS500 - Sign-up at PLUS500 and receive a sign-up bonus (no deposit is required) and you are ready to trade.
The trade following the 7 steps
Step 1
Login in to PLUS500.
Step 2
Pick the trade.
I picked the stock British Sky by following the rules from my Forex website – the FIBONACCI rules.
The graphs illustrates that there is change in the trend.
Step 3
Calculate entry rate and auto call profit.
I calculated the levels though my spreadsheet - my FIBAONACCI CALCULATOR. The levels are
- Entry level : 728,908
- Auto calls profit level : 731,61
The levels are the 38,2 % and 50 % levels from FIBAONACCI THEORY because I wanted to minimize my risk on this trade.
Want to learn the FIBAONACCI theory – click on this link – My Forex website
Step 4
Enter trailing profit stop.
I wanted to minimize my risk not just by choosing the levels in STEP 3 but also by entering a trailing profit stop.
At PLUS500 is a Trailing profit stop function.
A trailing profit stop is a stop that calls the profit if the rate fall the pips that have been entered as a trailing profit stop. The trailing stop is illustrated below
If the rate rise to 12 and then started to fall the trade would have stopped at 7. In this case the loss would have been (10-7) = 3 but the loss could have been bigger without the trailing stop.
Step 5
Enter the investment and click on the buy button.
I entered the calculated levels and the invested amount in the British Sky stock.
In the Buy box at the trading platform PLUS500 is the entered figures.
I entered £ 1.601 and geared the trade 10 times. The investment after gearing is £ 16.008.
In step 3 I calculated that my auto call profit is at rate 731,61 and I wanted to buy if the rate was 728,908.
My trailing stop is 200 pips.
I rechecked my figures and clicked on the buy button and started to wait.
Step 6
Wait for the profit.
The statement below is the statement after the trade is close.
The statement tells us that the trailing stop call stopped the trade at rate 729,27 and that I made a profit – 57,21 DKK (in euro 57,21/7,45 = 7,68).
If the trend have been 100 % I would have earned 531, 86 DKK (in euro 531,86/7,45 = 71,4) – the 531,86 is in the buy box under “ Close if profit is” - watch step 5.
Time spent on the British Sky trade was approximately 10 – 20 minutes and the risk was low.
Step 7
Further information about Sign-up at PLUS500 and receive a sign-up bonus (no deposit is required) and you are ready to trade at the PLUS500 trading platform.....click on this link.
Please notice
that your capital may be at risk trading CFD.
Monday, January 9, 2012
Trading Forex using the trading strategy 123 trading signals
I was at the web trader at PLUS500. I brought some GBP/DKK. I made a print screen of the PLUS500 trading platform where the trade GBP/DKK is. The graph is on a 2 hours basis.
Where are the buy and sell signals in the graph? I have placed the 123 trading signals where there is an indication to buy and sell.
There is a buy signal the 12/19 and two sells signals - one the 12/20 and a signal the 12/21.
The signals are found using the 123 trading signals method. The 123 trading signal is described at my Forex website. Download the Pdf file and read more about the. Link to my Forex website click here!
First I used the 123 trading signals analyzing the graph. Just to be sure that there is a trend – I used the ADX/DMI and MACD/OsMA.
The two indicators tells if the trend is weak or strong (ADX/DMI) and likely (MACD/OsMA).
At the ADX/DMI graph I analyzed the +DI (green line) and the –DI (red line). +DI indicates if the trend is positive and –DI expresses if the trend is negative. The black line is the average directional movement index (ADX).
MACD/OsMA indicates if there is a likely change in the trend. If the lines cross each other there is a likely change in the trend. MACD is the green line, the signal line is the blue line and the red line is a histogram.
At the buy signal – the 12/19 – there is an indication that +DI (green line) is above the –DI (red line). The trend is stronger for an upward curve. At the MACD/OsMA graph is a similar trend since the lines cross each other.
At the sell signal – the 12/20 - there is an indication that +DI (green line) is above the –DI (red line). The trend is stronger for an upward curve. At the MACD/OsMA graph is a trend that the curve is upward.
At the sell signal – the 12/21 - there is an indication that +DI (green line) is above the –DI (red line). The trend is stronger for an upward curve. At the MACD/OsMA graph is a similar trend since the lines cross each other.
Further information about PLUS500 and how to sign-up for an free account and get £20 or €25 for signing up and up to 30% on first deposit………click here! I am looking forward to your sign-up.
Where are the buy and sell signals in the graph? I have placed the 123 trading signals where there is an indication to buy and sell.
There is a buy signal the 12/19 and two sells signals - one the 12/20 and a signal the 12/21.
The signals are found using the 123 trading signals method. The 123 trading signal is described at my Forex website. Download the Pdf file and read more about the. Link to my Forex website click here!
First I used the 123 trading signals analyzing the graph. Just to be sure that there is a trend – I used the ADX/DMI and MACD/OsMA.
The two indicators tells if the trend is weak or strong (ADX/DMI) and likely (MACD/OsMA).
At the ADX/DMI graph I analyzed the +DI (green line) and the –DI (red line). +DI indicates if the trend is positive and –DI expresses if the trend is negative. The black line is the average directional movement index (ADX).
MACD/OsMA indicates if there is a likely change in the trend. If the lines cross each other there is a likely change in the trend. MACD is the green line, the signal line is the blue line and the red line is a histogram.
At the buy signal – the 12/19 – there is an indication that +DI (green line) is above the –DI (red line). The trend is stronger for an upward curve. At the MACD/OsMA graph is a similar trend since the lines cross each other.
At the sell signal – the 12/20 - there is an indication that +DI (green line) is above the –DI (red line). The trend is stronger for an upward curve. At the MACD/OsMA graph is a trend that the curve is upward.
At the sell signal – the 12/21 - there is an indication that +DI (green line) is above the –DI (red line). The trend is stronger for an upward curve. At the MACD/OsMA graph is a similar trend since the lines cross each other.
Further information about PLUS500 and how to sign-up for an free account and get £20 or €25 for signing up and up to 30% on first deposit………click here! I am looking forward to your sign-up.
Please notice
that your capital may be at risk trading CFD.
Subscribe to:
Posts (Atom)