Forex Market

Some key attributes to the forex trading business are as follows:

• The forex market is open from 5pm(EST) Sunday until 5pm(EST) Friday. No one, and I mean NO ONE can trade all 120 consecutive hours of the week (Believe me, I've tried and failed.)

• You need to develop trading blueprint that will allow you to sleep peacefully at night with open trades OR trade only specific sessions such as the Asian market from 7pm(EST) to 1am(EST) and then GET OUT before the tide changes!

• Every market brings with it new momentum. The Asian trading hours are from 7pm(EST) to 1am(EST). Europe is 3am(EST) to 9am(EST) which overlaps slightly with the United States creating the most chaotic trading hours between 8am to 10am (EST). The US hours are from 9am(EST) to 4pm(EST). 4pm to 6pm are literally the only hours the forex market is calm, but only temporarily as the Aussies are waiting to start the next day at 6pm (EST) followed by the Japanese at 7pm(EST).

• There are numerous forex brokers to choose from. FxClub is one of the best for ONE reason, they allow fractional lots! 1 lot is $10,000 which is way too much for beginner forex traders. FxClub allows fraction such as 1/10 of one lot which is only $1,000. This is perfect for new traders but also great for experienced traders as you can divide up your lots into fractions providing more buy or sell targets.