Forex trade...How to stay in profit

in #steemit7 years ago

INTRODUCTION
Many traders often come across the notion of night trading. The first thing that comes to mind when meeting this concept is that trading is carried out at night. However, everything is simpler: because of the difference in time zones, the night in different parts of the world comes at different times. American and European trading sessions take place in time zones -4 and +1 relative to the UTC World Coordinated Time, respectively.

NIGHT TRADING STRATEGIES
Generally, all Forex trading strategies can be roughly divided into trend and flat ones. The first ones search for market reversal signals. Mostly, they look for horizontal channel breakthroughs or roll-backs from "bullish" and "bearish" channels. The second ones are focused on roll-backs within the horizontal channel borders. Both flat and trend markets may show different volatility, which often grows during important macroeconomic news releases. In practice, high volatility often occurs during trend movements, although there are exceptions. The same indicators can be applied to analyze both trend and flat signals, although they are interpreted differently.

Let's take the popular EURUSD pair. During the Asian session, its volatility usually decreases and it starts moving in flat. A roll-back at this stage is often insignificant and may resemble a horizontal movement.