If you do not have a lot of knowledge about forex, it may not be realistic to you. But when you do some research on the market, you will understand the logic of transactions and see what you need to do to succeed.
As you know, in investment processes, timing is very important. At the right time, you will earn money as a result of creating the correct position. This logic is also in the forex market. So the advantages you have heard about forex are that it works for you as long as you develop yourself. For this reason, we are talking about forex training first and that you have to start trading that way. With free forex training you can learn how to create the right positions. At the same time, you should not start operations without seeing that you have this ability.
Now let’s take a look at the information about when to trade in forex and how people who want to be successful should follow a path:
What is Forex Trading?
Forex transactions, you need to start at the most basis. If you understand well, you will easily know where, when and how you need to trade. Forex trading is based on buying and selling in non-physical forms with investment instruments in a wide portfolio of investment instruments. You take profit when the price of the investment vehicle is low and make profit when it goes up. This logic is also valid in the stock market. This is most profitable on the forex market, also through the investment of falling prices. With this transaction, which is defined as an open sale, you are evaluating every move in the forex market.
For the right timing, I have mentioned above that you need to be in a good conception of forex mood. That is, you can not make a right purchase without knowing the price decline and the upward movement. So you can not create a position at the right time. What you need to do is know when the prices of investment instruments fall and when they rise. To know this, you must know the factors that affect the prices of investment instruments. For example; You do not know when the price of a stock has fallen, without knowing what is causing it to fall. You should also understand the forex market as a whole. You have to see that things are always related to each other and develop yourself to earn money by doing the right things.
When you look at Forex trading, you will see a market where short-term fluctuations can be assessed. The formation of a transaction volume as high as $ 10 trillion per day ensures short-term transactions. To be more precise; If you can catch the fluctuations in the prices of investment instruments correctly, you can also get daily earnings. So again the right timing comes out. This will be your biggest help, demo accounts. With virtual money you can buy and sell under real market conditions, and in what situations you will see profitable and harmful. So you will have a good experience without losing your own money.
What to do to create a right time position in Forex?
When you create and close your investment transactions at the right time, you are profitable. For the right timing, you should be primarily informed about the forex market. You have to know every thin detail, from the market to the characteristics of the investment instruments. In this regard, the biggest help will be forex books. You can get detailed information from A through Z thanks to the printed books or e-books that specialist staff of intermediary institutions have received. To get printed books free of charge, you can join a campaign organized by brokerage houses. E-books are free to download directly from your computer.
Once you have learned the operational logic of the market, you need to know which factors are affected by the investment instruments. You must follow the factors that cause the prices to fall or rise. You have to know which gives what effect. For example, you should be able to interpret how the non-agricultural employment data announced in the US caused fluctuations in the dollar, especially in investment instruments such as gold, oil and stocks. But in this way you can understand exactly when an investment vehicle’s price will fall.
Developing your ability to market your market is very important to you in estimating when the investment vehicle will fluctuate. In particular, you must follow strictly the timing of disclosure of economic data. You should know what level these data came from in the previous period and what they expect in the future. In this way, you can interpret the data correctly and understand what kind of effects it will have on the investment tool. When you learn to follow the market, you will have taken a good step in the right timing.
Another important issue you need to know for the right timing in Forex is technical analysis. The technical analysis that allows you to read the price charts of investment instruments provides you with the right time positioning. At first, the technical analysis may be complicated for you; But demo accounts and how they are made in educational videos are described in detail. By taking advantage of these, you can also have the ability to perform technical analysis in a short time. You can then create positions at the right time by commenting on the information you receive from the markets and what you get from the technical analysis.
What are Forex Risky Trading Hours?
Forex, a global market, can be invested for 5 days and 24 hours, except on weekends. Wherever you have an Internet connection, it is possible to do forex trading. This is a great convenience for investors. Because it would be impossible for the working people to leave the scene and do analysis and market follow-up. But during lunch or while you are on vacation, you can log in to your forex account from the computer and smartphone. So, what are the risks in these hours?
At certain time intervals, prices fluctuate more and more. This can have different causes. The main reason for this is the trading centers where the forex market is managed. That is, the forex market is governed by the trading centers of countries whose geographical locations are different from each other. Naturally, these trade centers have certain opening and closing times. Even if the Forex market is always open in a loop, the trade centers are open at certain times.
When markets such as Europe and the US are open, a higher volatility is seen. At the same time, there is an extra price fluctuation during the working hours of these two markets. You should pay particular attention to these overlapping hours of inexperienced investors. Because the two major markets are local investors, they start trading and unrealistic movements are observed. Being deceived by these movements, position creation shield novice investor can make mistakes. For this reason, the risky hours to watch out for are the hours the two markets coincide. Experienced investors can gain instant profits during this period. For this reason, you can evaluate this opportunity by developing yourself in demo accounts.