Foreign Exchange Market
A prominent investor once said that forex investors come in different sizes and shapes – not only in terms of strategies and trading horizons, but also when it comes to their portfolio size, the sophistication of their tactics, and their market insight. For example, here at Xtrade, you can now benefit from the Autochartist market alert which employs a sophisticated algorithmic software to process real-time market data and generate rebound, breakout or approach technical trading recommendations at 15-minute granularity levels.
You can expect the entire trading process to become even more convenient if you decide to use a reliable forex robot since it can function on your behalf, thereby allowing you to do trades even if you do not stay in front of your computer all the time.
Swiss Forex – is a free app from Dukascopy Bank SA that provides a number of tools for forex traders, including live quotes, technical charts, market news, economic calendars, Dukascopy TV, SWFX Sentiment Index, daily highs/lows, movers & shakers, pivot point levels and a forex calculator to make forex trading a lot easier.
Professional traders have years of experience technically analysing chart patterns (known as technical analysis) or scrutinising current events and news announcements (known as fundamental analysis) to help them assess when to open or close a forex position.
But for Forex traders, there’s another good reason for trading when the market is most active: volatility As a result of the nature of the Foreign Exchange’s four major exchanges – New York, London, Singapore and Tokyo – when more than one exchange is open, not only does trading volume increase, but volatility significantly increases as well.