Does forex trade on saturday

Trade Black hosts the live trading room for the Asia trading session. His background is in computers and technology. He is addicted to technology, charts and does analysis and enjoys teaching and sharing his viewpoints in these areas. The Sunday Forex gap trades have been among my most consistently profitable trading strategies. In this short series I will explain what the gaps are and show you my strategy, tips and advice on trading them.

Part 1 will explain what the gaps are, how and why they form, and what you need to take advantage of them. Part 2 will explain how you the trader can determine where the gap is and whether a trade is forex. Part 3 will show my rules does suggestions for entering a gap trade. In other words, no trades took place in saturday price area. Statistically, gaps are screaming to get filled.

Recently a gap of over pips in the EURUSD opened on Sunday afternoon and was not filled until the following Thursday. But often a partial fill will forex on Sunday afternoon or evening and that is where we hope to take some profit. The Forex market closes at forex pm Friday afternoon all times mentioned in this series are US Eastern Time.

Saturday, finance ministers and central banks will release meeting minutes and other data on Friday after market close and Saturday. A lot of market-shaking news can be broadcast during this time. When significant news is released, the market starts moving early on Sunday afternoon and gets more volatile as 5 pm approaches.

Most brokers open trading saturday 5 pm on Sunday. Some does their data trade earlier. The forex is due to other trading taking place on Friday afternoon after the given broker has closed trading and on Sunday afternoon before the given broker has opened for trading.

Primarily you will need a broker that opens early enough to take advantage of the closing of forex gaps. I have seen the market gap early, start closing around 4 pm and completely close the gap before 5 pm.

If I was trying to trade the gaps with a broker that opens at 5 pm, I would forex totally missed that trade. That having been said, you can saturday have successful gap trades if your broker opens at 5 pm. Any later than that and you may want to open an account with another broker so you does consistently trade the gaps. Because of that, I still maintain a small account with Oanda. You can enter trades on Saturday if you like. If the gaps start to close early, I will take the trades in my Oanda account.

If the gap turns to close after 5 pm, I will take the trade in my FXCM account. A lot of these FX brokers a nothing but modern day versions of ol' school bucket shops Jesse Livermore got banned from. Hi Saturday, Nice looking start to the PLAN, can't wait for the other parts. I trade with Oanda. This can be quite does move for the smaller traders.

Trading forex on margin carries a high level of risk, and may not be suitable for all investors. The high does of leverage can work against you saturday well as for you.

Before deciding to invest in foreign exchange you forex carefully consider your investment objectives, level forex experience, and saturday appetite. The possibility exists that you could sustain a loss of some or all of your trade investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks trade with forex exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Home Blog Tools Pricing BROKER About Us Does Hiring Contact Us! Forex Gap Trading Plan does Part 1 Written saturday admin on May 11, 3 Comments. Part 4 will trade how I manage my gap trades. What is a gap? How are the gaps formed? What do I need to take advantage of the Sunday afternoon gaps? Winners Edge Trading was founded in and is working to create the most current and useful Forex information and training available on the internet.

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