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The above Forex Market chart follow EST Time

GMT = (greenwich mean time)
EST = (eastern standard time)

Forex Euro Session

London Forex session opens daily at 8:00 GMT also 3:00 EST and closes at 17:00 GMT and 12:00 EST. London is one of the largest shopping centers in the world and has a market share of 30% minimum.
Some of the most active pairs during this session include USD/CHF, USD/CAD and EUR/USD.

New York Forex Session / American Session

This forex session opens daily at 13:00 GMT also 8:00 EST and closes at 22:00 GMT also 17:00 EST. The hot time in this session is usually when the euro traders are still active. Which is between 13:00 and 17:00 GMT also 8:00 EST and 12:00 EST. The most liquid pairs during this session would include USD/CHF, GBP/USD, USD/CAD and EUR/USD.

Asian Session

Tokyo starts off the morning @ 12:00 GMT also 19:00 EST and ends at 21:00 GMT also 04:00 EST Usually currency pairs with the GBP are the most active during this time. EG: GBP/JPY, GBP/CHF. The rates of USD/JPY, AUD/USD, NZD/USD pairs and there crosses are also quite lively during this session.

This concludes the article I hope this will be helpful to some of you.

Author

Pallavi Singh

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Poorly Focused Diets

Many of the weight loss programs that have come out over recent years have had a very low success rate due to the fact that they have focused on the wrong techniques of healthy weight loss.

It is not just about losing weight and that is what some people don’t seem to understand. It is about reducing the percentage of body fat and getting that to a more normal level.

Any diet that focuses purely on reducing weight without concern with the percentage of body fat and the nutritional needs of the body as a whole is setting itself up for disaster.

When you focus solely on reducing body weight you are also reducing, in many instances, the percentage of muscle in the body and that is one of the major components that helps to reduce body fat.

Muscle burns fat and the more muscle that you can retain the more fat you are going to burn so while a diet might for a short time help you to lose body weight if it is reducing muscle at the same time then the long-term effects will be that it will be become more and more difficult to reduce the percentage of fat.

The other problem with many of these fast diets and weight-loss programs is the fact that they reduce body weight so fast initially that the body’s defensive mechanisms are thrown into action.

The body will then begin to try to conserve as much body fat as possible to stop it from starving. You cannot effectively lose large amounts of body weight in a short amount of time and hope to keep it off unless the body believes it is getting all the nutrition it needs.

These ultra fast weight loss programs cause people to lose and then gain weight rapidly making it all the more difficult to lose weight the next time they try.

Taking the Emotion Out of Forex Trading

If the key to successful trading is a disciplined approach —
developing a forex trading plan and sticking to it — why is it so
hard for many forex traders to practice trading discipline? The
answer is complex, but it usually boils down to a simple case
of human emotions getting the better of them. Don’t underestimate
the power of emotions to distract and disrupt.

So exactly how do you take the emotion out of forex trading?    The simple answer is: You can’t. As long as your heart is pumping
and your synapses are firing, emotions are going to be flowing.
And truth be told, the emotional highs of forex trading are one of the
reasons people are drawn to it in the first place. There’s no
rush quite like putting on a successful trade and taking some
money out of the market. So just accept that you’re going to
experience some pretty intense emotions when you’re trading.

The longer answer is that because you can’t block out the
emotions, the best you can hope to achieve is understanding
where the emotions are coming from, recognizing them when
they hit, and limiting their impact on your trading. It’s a lot
easier said than done, but keep in mind some of the following
to keep your emotions in check:

1> Focus on the pips and not the dollars and cents. Don’t
be distracted by the exact amount of money won or lost
in a forex trade. Instead, focus on where prices are and how
they’re behaving. The market has no idea what your
trade size is and how much you’re making or losing, but
it does know where the current price is.

2> It’s not about being right or wrong; it’s about making
money. The market doesn’t care if you were right or
wrong, and neither should you. The only true way of
measuring trading success is in dollars and cents.

3> You’re going to lose in a fair number of trades. No
trader is right all of the time. Taking losses is as much a
part of the routine as taking profits. You can still be successful
over time with a solid risk-management plan.

richardforex2u@gmail.com

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Forex Trading Trend

When is a trend not a trend?

When it’s a range. A trading range or a range-bound market is a
market that remains confined within a relatively narrow range
of prices.

In currency pairs, a short-term (over the next few
hours) trading range may be 20 to 50 pips wide, while a
longer-term (over the next few days to weeks) range can be
200 to 400 pips wide.

For all the hype that trends get in various market literature,
the reality is that most markets trend no more than a third
of the time. The rest of the time they’re bouncing around in
ranges, consolidating, and trading sideways.

Although medium-term traders are normally looking to capture
larger relative price movements — say, 50 to 100 pips
or more — they’re also quick to take smaller profits on the
basis of short-term price behavior.

For instance, if a break of
a technical resistance level suggests a targeted price move of
80 pips higher to the next resistance level, the medium-term
trader is going to be more than happy capturing 70 percent
to 80 percent of the expected price move. They’re not going
to hold on to the position looking for the exact price target to
be hit.

richardforex2u@gmail.com

author : Forex for dummies

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Medium-term directional forex trading

Medium-term positions are typically held for periods ranging
anywhere from a few minutes to a few hours, but usually not
much longer than a day. Just as with short-term trading, the
key distinction for medium-term forex trading is not the length
of time the position is open, but the amount of pips you’re
seeking/risking.
Where short-term forex trading looks to profit from the routine
noise of minor price fluctuations, almost without regard for
the overall direction of the market, medium-term trading
seeks to get the overall direction right and profit from more
significant currency rate moves.

Almost as many currency speculators fall into the mediumterm
category (sometimes referred to as momentum trading
and swing trading) as fall into the short-term trading category.
Medium-term trading requires many of the same skills as
short-term trading, especially when it comes to entering/
exiting positions, but it also demands a broader perspective,
greater analytical effort, and a lot more patience.

Capturing forex intraday price moves for maximum effect
The essence of medium-term trading is determining where a
currency pair is likely to go over the next several hours or
days and constructing a trading strategy to exploit that view.
Medium-term traders typically pursue one of the following
overall approaches, with plenty of room to combine strategies:

1> Trading a view: Having a fundamental-based opinion on
which way a forex currency pair is likely to move. View trades
are typically based on prevailing market themes, like
interest rate expectations or economic growth trends.
View traders still need to be aware of technical levels as
part of an overall trading plan.

2> Trading the technicals: Basing your market outlook on
chart patterns, trend lines, support and resistance levels,
and momentum studies. Technical traders typically spot
a trade opportunity on their charts, but they still need to
be aware of fundamental events, because they’re the catalysts
for many breaks of technical levels.

3> Trading events and data: Basing positions on expected
outcomes of events, like a central bank rate decision or a
G7 meeting, or individual data reports. Event/data traders
typically open positions well in advance of events and
close them when the outcome is known.

4> Trading with the flow: Forex trading based on overall market
direction (trend) or information of major buying and selling
(flows). To trade on flow information, look for a broker
that offers market flow commentary. Flow traders tend to stay out of shortterm
range-bound markets and jump in only when a
market move is under way.

info@richardforex2u.com, richardforex2u@gmail.com

Author : forex for dummies

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