Tips for the forex market

Gathered from his years of experience, Campbell brings to this portal his expert advice in currency trading, useful tips and tricks of the trade that will prove valuable to new and seasoned traders alike. Campbellā€™s strategic skills and know-how will is designed tips for the forex market help trades reduce risks and capitalize on opportunities.

Updated quotes, trading charts and free currency conversion tools will help traders master the world of online currency trading. Forex trading 101 or the introduction to forex trading enable us to know how forex works and how to make money with currency trading on forex. Our free Forex Currency Converter gives you accurate and instant foreign currency conversions. Stay on top of the Forex market with our foreign currency converter. Use our free Forex Pivot Point Calculator to better understand Forex market trends and predict trends before they happen.

Use our free Forex Margin Calculator to help you make better decisions with the Forex market. Watch our step-by-step Flash tutorial of the ICTS trading platform. GMT and EST hours for trading Forex Forex market welcomes traders 24 hours a day. Forex market is open 24 hours a day. It provides a great opportunity for traders to trade at any time of the day or night.

However, when it seems to be not so important at the beginning, the right time to trade is one of the most crucial points in becoming a successful Forex trader. So, when should one consider trading and why? The best time to trade is when the market is the most active and therefore has the biggest volume of trades. Actively traded markets will create a good chance to catch a good trading opportunity and make profits.

Live Forex Market Hours Monitor:Reviewed, improved and updated on August 24, 2012. USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active. At those overlapping trading hours you’ll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market. Market Hours Monitor to identify trading sessions. If you haven’t chosen a Forex broker yet, we recommend Forex brokers comparison to aid your search. Download Free Forex Market Hours Monitor v2. This is a simple program aligned to Eastern Standard Time.

Time zone option is added for most of North American and European countries. Forex trading is a high risk investment. All materials are published for educational purposes only. Yet, same as years ago, traders keep making mistakes, recovering and just to find that there are more challenges ahead. Any attempt to trade without analysis and studying the market is equal to a game. Never invest money into a real Forex account until you practice on a Forex Demo account!

Allow at least 2 months for demo trading. A good demo account to start practicing with could be, for example, FXGame from Oanda. Trade with the trend to maximize your chances to succeed. Trading against the trend won’t “kill” a trader, but will definitely require more attention, nerves and sharp skills to rich trading goals. When a trend is up you don’t want to be selling. When a trend is down, you don’t want to be buying.