The Forex market has gained massive popularity in the last five years. Market participants have increased drastically each year. Besides offering free streaming charts and massive leverage the forex market is commission free. How can they possibly make money?
The typical spread on the EUR/USD currency pair in the forex market is 2 pips. This [...]
So you’ve just gotten your hands on a hot new expert advisor and you need to know if this thing is really going to work. It’s time to get your hands dirty and start testing. There are two types of testing you should do: forward testing and backtesting.
But first, make [...]
Setting up Metatrader 4 for backtesting can be a tricky, time consuming, and a little frustrating if you aren’t entirely sure you have it all working properly. This article will guide you through the entire process from obtaining high quality minute history data to installing a separate backtesting account to importing and converting the [...]Read Full Article
Trading forex as a day trader is one of the best businesses in the world, however most people don’t have the time or want to take the amount of risk that is needed to learn the ropes and become a successful trader. The Trade Machine is a way that you can take part in [...]Read Full Article
Greenwich Mean Time (GMT) is a term originally referring to mean solar time at the Royal Observatory in Greenwich, London. It is commonly used in practice to refer to Coordinated Universal Time (UTC).
What does this mean in the forex market?
GMT provides a standard of time for the world when trading the forex market. GMT [...]
New York and London: 8:00 am – 12:00 noon EST
Sydney and Tokyo: 7:00 pm – 2:00 am EST
London and Tokyo: 3:00 am – 4:00am EST
Trading when market sessions overlap provides higher volume and volatility.
For example, trading EUR/USD, GBP/USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for [...]
The Forex market is open 24 hours a day from 22:00 GMT Sunday through 22:00 GMT Friday, closing only for the weekend.
Major Market Hours:
New York open 8:00 am to 5:00 pm EST
Tokyo open 7:00 pm to 4:00 am EST
Sydney open 5:00 pm to 2:00 am EST
London open 3:00 am to 12:00 noon ESTRead Full Article