Economic News Reports In Forex Trading
Asia wakes up during evening time in US. Volatility of the market is not very high at this time period. Biggest European and American financial institutions are closed. Therefore the volume is not very high. There is very little price movement. However some important news from Japan can disturb the market and create volatility. You can do scalping trades during this period. However in my opinion it's not worth it. So if you have any open position make sure you placed stop loss order and go do something else besides trading in Forex. The next two hours 11 pm -1 am (EST) are market's slower time period. Traders in Asia are ready to go home. Probably the best choice to trade during this time would be any currency pair that has Japanese Yen in it, for example GBP/JPY or EUR/JPY. After Asian session comes one of the important session in Forex market. The exponential growth of Forex online currency trading has resulted in setting up of online currency trading operations by many bi...