How good the night Forex ? Let’s try to consider its advantages and disadvantages. Forex foreign exchange market is noteworthy primarily by the fact that it works 24 hours a day, without interrupting for lunchtime, 5 days a week, from five o’clock in the evening of Sunday (in standard eastern time) until five o’clock in the evening of Friday. Such a wonderful schedule means that all traders have the opportunity to both buy and sell at any convenient time with market changes. And it is not necessary to wait for the opening of the market in order to place your applications. And in the SMS Forex system, special messages can be developed that are designed to notify the market movements of interest to you.
Night Forex
Night Forex attracts traders with its leisurely, measured rhythm. It is not as fast and dynamic as in the daytime, but it can be better to predict. The main indicator that distinguishes the night forex from daytime is a small volatility of foreign currency pairs, which consist of the currencies of those countries where at this time the night time is flowing.
Currency dying at night has its pros and cons of. Of course, it is better not to speculate with money if you like to sleep at night, night trade is more suitable for “owls”. Consider the features inherent in the night forecast.
After midnight Moscow time, the Forex market is silent. American speculators were terminated and dispersed home after a hard day. In Russia and European countries, at this time, a late night. In this regard, financial institutions that are located in the USA, Great Britain, Germany, etc. Closed for a long time and stopped bidding. Of course, individual traders conclude transactions, but due to low activity, unable to move the forex market in any direction.
At about hour in Moscow time, the market is activated, Japanese investors enter the game. Particular attention should be paid to those currency pairs in which there is Japanese Ian (dollar/yen, euro/yen, pound/yen). Just in these couples, the market fluctuates at night most of all. It is also necessary to monitor statistics, it comes out from 03:00 to 03:30, these data can significantly affect the market, moving the exchange rate in one or the other side. And since the market is quite “thin”, fluctuations may arise quite strong.
Night Forex is an excellent retail trading platform. Due to the slowness of the change of courses, you can make good money in “quick” transactions. Good tactics is considered to be a flus.