When Can You Trade Forex
The forex market is the largest financial market in the world, trading around $1.5 trillion each day. One of the greatest points about day trading the BANKS forex trading strategy and not our own, is that they have specific times they will intentionally manipulate the market before they allow it to trend in the direction of the overall weekly push as discussed above.
In 2002, Allied Irish Banks revealed that it lost US$750 million at its Baltimore subsidiary on spot and forward forex trades made by forex trader John Rusnak and in 2003, the National Australia Bank admitted to losses of US$1.13 billion as a result of unauthorised forex trades, although it seems any time a bank loses money, it’s a result of unauthorised,” activity.
While 2.0 pips seems quite high, especially for beginners, the fact that Plus 500 affords forex trading Australia participants an easy to use trading platform and guaranteed stops is the reason why we recommended the company to risk averse beginners.
I’m delighted you’ve discovered the Forex Training Academy and I know I can help you become the trader that you want to be. I hope you enjoy your videos and don’t forget to take a few minutes to check out my low cost, 5 online Forex Mentor Program and bespoke one to one training.
And after reading a lot of blog posts etc… I came to the conclusion: We are living in a world where everyone can write his own trading robot and big trading corporations, banks etc… they are constantly analyzing all the markets by using not just strategies developed by some trading gurus but also machine learning algorithms deployed on super computers, who tries to find at least some patterns on every market.
If you are a newbie to Forex trading, or interested in trading in Forex Market, you need to know what your comfortable way of trading is. Be it the traditional way through a money broker with just over the counter by a simple phone call away or you can do on your own research to get the best Forex Scanner to trade online by the software robot.
In the first case traders can open long and short positions on the same underlying asset trading in different forms (e.g. in spot and futures markets) and on different exchanges, while in the second case they open long and short positions on different assets which are related to each other, like gold and silver.
Trading in Forex Exchange Market or Binary Options is VERY SPECULATIVE AND HIGHLY RISKY and is not suitable for all members of the general public but only for those investors who: (a) understand and are willing to assume the economic, legal and other risks involved.