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Foreign exchange trading U.S. session

{}Posted in2023/2/25 4:38:19 | 6Browse

U.S. session (New York): U.S. Eastern Time (EST) 8:00 p.m. to 5:00 p.m. New York forexrebatecommission the second largest bestforexrebatecompany cashback forex market rebatesforexbroker the world, constituting 19% of the total volume of the foreign exchange market This information comes from the Bank for International Settlements in April 2004, a survey of central banks on foreign exchange best forex rebate company financial derivative markets New York financial center The New York financial center also guards the back door of the worlds foreign exchange market, from its afternoon session until the opening of the Tokyo market the next day, when trading volume is usually reduced to a minimum. USD/CHF, GBP/JPY and GBP/CHF are good choices, with an average daily fxrebatecentral of about 120 pips because these trades directly involve the US dollar, so the trading conditions in these pairs are particularly active during the US session, when the US stock and bond markets are also open and foreign investors need to convert their national currencies, such as the Japanese yen, euro and Swiss franc, into US dollar assets in order to trade in these markets. Because of the overlap between the US and European markets, GBP/JPY and GBP/CHF have the highest day-to-day volatility. First of all, the pound is converted to the dollar and then to the yen Therefore, a single GBP/JPY transaction involves trading in two different currencies, GBP/USD and USD/JPY, and its volatility ultimately depends on the correlation between the two currency pairs Since GBP/USD and USD/JPY have a negative correlation, meaning that they go in opposite directions, the volatility of GBP/JPY is amplified by the same The reasoning can be explained by GBP/CHF, but its volatility has a much greater intensity Trading high volatility currency pairs can be very profitable, but it is important to remember that the risks involved are equally very high Sharp swings in exchange rates can easily put traders out of business or invalidate their long-term strategies, so traders must adapt to market conditions and constantly revise their strategies For more risk averse For the more risk averse trader, USD/JPY, EUR/USD and USD/CAD look like good choices, as these pairs have considerable volatility and traders can make good profits with little risk. Creating a favorable environment for those pursuing a long-term strategy
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