if you use NEWYORK time close trading broker then
Hi Long thanks for reply but when does the markets close if its a 24 hour market.
I live in the uk
If you use LONDON time close trading broker
then closing time is LONDON hour
if you use NEWYORK time close trading broker
then closing time is NEWYORK hour (almost trading platform)
Actual open and close times are based on local business hours. This varies during the months of October
and April as some countries shift to/from daylight savings time (DST). The day within each month that
a country may shift to/from DST also varies.
Forex trading hours, Forex trading time
New York opens at 8:00 am to 5:00 pm EST (EDT)
Tokyo opens at 7:00 pm to 4:00 am EST (EDT)
Sydney opens at 5:00 pm to 2:00 am EST (EDT)
London opens at 3:00 am to 12:00 noon EST (EDT)
How Candlestick Chart Pattern can improve FOREX Business
FOREX Trading is defined by the uncertainty and unpredictable moves of the foreign currencies.
There are many investors, however, investing heavily in this market. However, there is a secret to be successful in the market.
It is the method of analyzing and implementing the tools for success business. There are plenty of ways to analyze the currency
moves but nothing is better than the Candlestick Chart Pattern.
Why You Need Candlestick Pattern
It is not easy to predict the currency moves in the volatile market unless you have the Candlestick chart.
Anyone who is dependent on the Candlestick can make wise decisions based on the chart. The pattern has many parts that depict the movement
and give the investor a clear idea about the future movements. However, in order to relish the benefits of the Candlestick you must know
how to analyze the chart. You can always learn it from the Candlestick Trading.
What to learn from Candlestick Chart
There are scores of opportunities to learn from the candlestick. However,
let’s talk about two most crucial patterns. Bullish and Bearish are the most effective patterns that represent the price movements in comparison basis.
Bull represent the upward movement of the price for a couple of days. The opening and the closing price of the currency would be depicted in the chart.
However, two days will be depicted in different colours and Shades. It is very easy to understand the Bullish market. The opening price of the second
day will always start below the previous day’s closing price. However, the closing price will end higher than the previous day’s. The Bearish market
is just opposite to the Bullish one.
An investor can make huge benefits with the use of Candlestick Chart. The authentic and engineered use of the chart makes it a useful tool
even at the age of technology.