For an average operator, forex trading time zones can be intimidating and difficult. Like many others, when I started out trading in this market with 24 hour Global, time zones has never made a lot of sense to me. Over time that changed and I’ll show you some of the basics on how I manipulate the market 24 hours and we hope this will give you some help as he prepares for another day bargaining issue.
You must first think about where you live, or if you plan to do most of your trade forex signal service. That alone is the biggest factor that influences the way you look at this market of 24 hours. For example, say you live in California on the west coast of the United States in the Pacific Standard Time (PST) in the area which is three hours behind time on the East Coast in New York.
Now we know that the negotiation will take place in California, which is 3 hours late in New York, we can begin to plan our day trading forex signal service. In this market never sleeping 24 hours (but became a city on weekends and major holidays like New Years International) stops the trading day and reset with the financial centers of New York closed at 17 hours or close to that Standard Time and banking centers in the Far East such as Hong Kong and Tokyo at the same time are the opening and starting a new day. Keeping this in mind it is better to have your trading cards set up to use the bar daily use candle or closes each day at 5:00 p.m. EST.
So far, we have determined that we are negotiating on the West Coast of the United States which is three hours behind EST in New York and we know that when the market stops and resets to start a new day. Then we must decide when to prepare and plan for tomorrow. If California is the place where you live, as in our example here, and you want to stay until the end of the London session, then is that you can prepare to trade around 1am PST at 4 morning PST. Or perhaps you enjoy your sleep and you want to doze off in the London session, but getting up early is no problem at about 4:00 Pacific time so that you are able to see the end of the London session and prepare for the start of the New York session is happening at 5:30 am Pacific Standard Time, or 8:30 am Eastern Time. Maybe you do not like to get up early and if you prefer to be a middle of the day trader, this is not a problem. Just wait until about 2:00 p.m. Pacific Standard Time where the day begins in Tokyo and you can make your transactions during this session.
Now you have a clear knowledge of the areas major currencies trading time and you can plan your day. Keep in mind, planning and preparation are the factors most important but often overlooked success in this business and any other company. Think it through you should be able to plan your day forex signal service.
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