Somewhere in the world it is the business day. Normal people are doing normal things, during daylight hours. On the other side of the world, in the middle of the night, a Forex trader is making money trading that countrys currency. In the Forex system, the London market is big, the New York market is big, Japan, Australia. It depends what currency trading pairs you like. Some pairs are more volatile, some are steady. But you can buy and sell them 24 hours a day. Except Saturday and Sunday. Go figure. One caveat, there isnt always activity to follow for 24 hours a day. A bit like watching paint dry. But certain pairs have primary times and secondary times when you can trade with regularity. So, why is this significant? The main significance of 24-hour trading is that foreign currency trading influencing announcements happen on a global scale. On a global clock. And when they are released, they can affect FX trading, whether it is the normal time or not. And you can be there to profit. Just make sure youre awake and trading the right way! At 3:30 a.m. local time. Forex trading is equally available to everyone. Anywhere, anytime. And that is very exciting in comparison to stocks, equities and futures. Within reason, you can trade when you want. You can take your kids to school, you can sleep into noon. And trade around it. Whatever your life dictates for you. |
