Blog
4 August 2023
What Timeframe to Choose for Trading?
AI Hub
24 July 2023
When Is the Appropriate Time to Execute a Forex Transaction?
When it comes to executing a forex transaction, timing is everything. Knowing when to enter and exit the market can make or break your trading strategy. To make the most of your trading opportunities, it’s important to understand the different factors that affect currency prices and use technical analysis tools to identify potential entry and exit points. Before entering into a forex transaction, traders must first consider the macroeconomic environment prevailing across the world. This includes looking at economic indicators such as GDP growth, inflation rates, unemployment levels, interest rates and government policies that could affect currency values. By understanding how these indicators can influence exchange rates, traders can gain insight into which currencies are likely to appreciate or depreciate in value over time. In addition to macroeconomic analysis, traders...
Blog
21 July 2023
Continuation Patterns. Triangles
AI Hub
8 May 2023
What is the opening time for the forex market in New York?
Forex trading in New York is one of the most active markets in the world. The New York session starts at 8:00 AM EST and closes at 5:00 PM EST. During this time, traders have access to a wide range of currency pairs, including majors like EUR/USD, GBP/USD, USD/JPY and AUD/USD. The Forex market is open 24 hours a day, five days a week across major financial centers around the world. This means that when the trading day in New York ends, it begins again in Tokyo and Hong Kong. As such, price action can move significantly during this period as traders react to news events or technical signals from other markets. For traders looking to capitalize on these opportunities, understanding when the New York session opens and closes is...
