Forex trading over the weekend
Trading the weekend foreign weekend gap is an easy-to-implement and potentially profitable strategy. The foreign exchange market, sometimes referred the as FOREX, is open 24 hours a day, Monday through Friday, providing a continuous market except on forex weekends. A gap occurs in the FOREX market when the opening exchange rate for the new trading week differs significantly from the closing exchange rate achieved during the previous Trading trading session. Weekend profit from this weekend gap by anticipating that the new week's opening exchange rate will trade back toward Friday's closing exchange rate during the forex session. Choose the currency forex you want to trade. If you are new to FOREX, you may want to start out trading the euro-dollar pair, as it is the most liquid, and therefore less the than the pairs. Identify the currency pair's closing exchange rate set on Friday. The closing over rate for the gap strategy is the closing exchange rate achieved on Friday at 5: Determine the percentage size of trading gap. For example, you may want your gap to be greater over or equal to one percent, half a percent, or even a quarter of a percent. Assume you had chosen one percent. In this case you would want to verify if The night's Weekend opening exchange rate is off by one forex or more from where the exchange rate closed on Friday at 5: Initiate a trade if the gap is greater than or equal to your predetermined criteria. Close out your trade once the gap over been closed or if the gap continues to widen beyond your trading criterion. While the Forex markets are open continuously throughout the week, they do close on the weekends. This situation may pose a problem Trading Reserve Bank of India RBIwhich is the national bank of India, has a lengthy weekend of regulations that govern Indian By Pedro Carrasquillo eHow Contributor. Forex Intraday Trading Forex. How to Join FOREX. Over Foreign Exchange Trading Process. Binary Equation Strategies for FOREX. How to Make Money with Currency Exchange. How to Use Forex Trading Trading. Free Printable Calendar And Weekly Over for the Whole Year. About eHow Advertise Write For eHow Contact Us. Terms of Use Report Copyright Ad The en-US Privacy Policy Mobile Privacy. About eHow Advertise Contact Us Write For eHow Terms of Use Privacy Policy Report Copyright Ad Choices en-US How to by Topic Weekend Privacy.
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