Currency pair to trade for working people | Forex Factory

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Currency pair to trade for working people

  • #1
  • First Post: Jun 3, 2006 12:57am Jun 3, 2006 12:57am
I know FOREX is open 24/7 but there are more active times for different markets

http://aboutforex.com/timezones.html



if i want to trade during 5pm-12am PST, what is a good currency pair to trade, i.e. one that has good volume?
  • #2
  • Jun 3, 2006 7:50am Jun 3, 2006 7:50am
Hey Clam,

I don't know if you've seen this, but I asked a question about trading and working that might be useful to you. Dial gave me a very good answer.

http://www.forexfactory.com/forexfor...ead.php?t=5514

I'll be trading the exact same time you are. I'm going to take a week of mornings off and see if I like the market better at that time, and if I do, I'll somehow convince my boss to let me alter my work hours. Might take a big stick ;-) I'm hoping that trading until about 11 a.m. EST would work well.

Squid
  • #3
  • Jun 3, 2006 8:16am Jun 3, 2006 8:16am
Hi clam,


Im in the same boat, would like to do the same - I've been focusing on eur/usd and the usd/jpy in a demo account, but I would like to hear what others suggest too
  • #4
  • Jun 3, 2006 8:44am Jun 3, 2006 8:44am
Quoting rockn
Hi clam,


Im in the same boat, would like to do the same - I've been focusing on eur/usd and the usd/jpy in a demo account, but I would like to hear what others suggest too
Based on the times that you are available to trade, you may also want to do some research on any/all of the AUD, JPY or NZD pairs that your Brker might offer. I say this as these are the "Stock Markets" that will be open during 'Your Session'.

How can the stock market have an effect on the currencies?
Probably in more ways than I know but the main reason would be that the Traders are awake and playing. They are watching the FA & TA that is currently playing out which "should" give those markets a reasonable sense of stability and direction.

Good luck with your Boss & your Trading.
  • #5
  • Jun 6, 2006 5:02pm Jun 6, 2006 5:02pm
have you considered trading just off the daily charts?


watching the charts all day can be rather tiring..

i'm an advocate of day trading off the daily.
Trade what you see, not what you believe.....
  • #6
  • Jun 6, 2006 5:09pm Jun 6, 2006 5:09pm
On most days, USD/SGD is active around 5pm. If you can stay up late everynight until 12, then all of the major pairs like EUR/USD and GBP/USD are active around 11pm. On most nights, I just put in a LONG position around 10 for 5-10 pips and it gets hit before the market turns around.
  • #7
  • Jun 6, 2006 6:36pm Jun 6, 2006 6:36pm
Quoting nitman
On most days, USD/SGD is active around 5pm. If you can stay up late everynight until 12, then all of the major pairs like EUR/USD and GBP/USD are active around 11pm. On most nights, I just put in a LONG position around 10 for 5-10 pips and it gets hit before the market turns around.
cool thanks!
  • #8
  • Jun 6, 2006 6:50pm Jun 6, 2006 6:50pm
SGD? what does that stand for?
JOHN 3:16
  • #9
  • Jun 6, 2006 7:34pm Jun 6, 2006 7:34pm
Quoting renasdad
SGD? what does that stand for?
Singapore Dollar
  • #10
  • Jun 6, 2006 7:47pm Jun 6, 2006 7:47pm
thanks videoj
JOHN 3:16
  • #11
  • Jun 6, 2006 7:51pm Jun 6, 2006 7:51pm
does anyone know where I can find good charts for this pair


Oanda has them but, those suck.
JOHN 3:16
  • #12
  • Jun 7, 2006 8:14am Jun 7, 2006 8:14am
Quoting renasdad
does anyone know where I can find good charts for this pair


Oanda has them but, those suck.
anyone?
JOHN 3:16
  • #13
  • Jun 7, 2006 10:04am Jun 7, 2006 10:04am
The US Dollar/Singapore Dollar is carried by Alpari who is a Metatrader broker. I use one of their demos. I am sure other Metatrader brokers must carry it.
  • #14
  • Jun 7, 2006 2:51pm Jun 7, 2006 2:51pm
That's wierd, I just downloaded the platform and usdsgd dooesn't show up.
JOHN 3:16
  • #15
  • Edited Jun 8, 2006 12:53am Jun 7, 2006 4:25pm | Edited Jun 8, 2006 12:53am
That is odd. I have had a demo for several months. Maybe they make changes for some reason. Different servers? My Server: Alpari-Demo - Alpari Ltd
I just looked at the url in the first post and noticed that the Alpari address has .com ending. I may have gotten mine from an address with a .ru ending.
That could explain why there are differences. I do not really have a good answer.

Additional thought: Perhaps it is just not showing. Bring up Market Watch, right click and Show All.

http://img505.imageshack.us/img505/9091/usdsgd4uq.png
  • #16
  • Sep 16, 2009 8:20am Sep 16, 2009 8:20am
someone pls tell me what time is best to trade ..AM or PM. Would appreciate also a word on best pairs to trade. this is an SOS to old timers please.
  • #17
  • Last Post: Sep 16, 2009 9:50am Sep 16, 2009 9:50am
Best pairs to trade are the ones with the lowest spreads.

Best times are when those pairs countries markets are open. especially at the opening & closing times 1 hour each side approx.

Research will pay dividends.
It never gets easier, you just get better
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