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Friday, October 23, 2009

The Forex Code

/ On : 6:46 PM/ Thank you for visiting my small blog here. If you wanted to discuss or have the question around this article, please contact me e-mail at herdiansyah hamzah@yahoo.com.

I'm going to share with you the forex code that I've learned over my years of trading. This is rather large market with over three trillion dollars a day being pushed around. There is absolutely no reason why you can't have a share of that money, you just need to understand how you should be getting and how you should be behaving. I'm going to share with a little of it that is based completely off my experiences trading in this market.

High Volume vs. Low Volume

You're going to primarily have two times for trading. There is the high volume time when it is extremely busy and there is a lot of money moving around. There is also the low volume time when it really isn't that busy and there isn't much money moving around.

If you look at the low volume time, it is less stable. It would appear safer due to the fact that less people are trading, but there isn't enough volume to support supply and demand. That means if someone makes a big trade, the price will go erratic.

High volume times have a much more stable supply and demand due to the volume. This means if a big trade is made, it's basically negligible because so many other people are trading.

The News

The biggest part of the forex code is the news. There is so much great free information on there that you can use, it's just not filtered for the forex trader. Pay particular attention to how a news story will affect the economy. If it is good, it's good for currency. If it is bad, it's bad for currency.

Cracking The Forex Code is easier when you think when you can get yourself a book to teach you exactly what you need to do. Step by step guides that make your life a lot easier.

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