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Sarah

Day or Night Trading?

Question

I am a new member of Forex. I have a passion for building a career here. Would you please suggest me which trading is suitable for me? - Day or Night Trading! I am perplexed. Please help me. 

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Hi, Sarah! It sounds great to hear that you are going to build a career in Forex. Whatever before 1999, night trading was not legal. Now it is approved by Securities and Exchange Communion. Promotional offers are giving in night hours. To make a competitive environment, they are doing it. If you are confident and determined to utilize your skills in trading, you are welcome at night trading. It is also a relaxed time for selling. I suggest for night trading. I love to do so. 

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Hi Sarah,
The Forex market hardly goes to sleep. So, proficient currency traders remain active night and day. Naturally, transaction volumes go slack in the dark. With the right strategy, traders may make profits without distractions from market noise and high volatility. Currency relevance determines logic. Take Bank of England news releases, for example, it beholds British firms to hedge future sterling purchases from overseas.

In day trading, prices and market volumes go wild after opening hours. This arises from news releases that represent a window into the market influencing factors coming up after the previous closing bell. A proficient trader recognizes distinct patterns and makes quick profits. Basically, the initial 15 minutes after opening bell offer big trades of the day on initial trends.

Night time FX trading, on the other hand, creates excellent scalping opportunities. Market activities are minimal. Brokerage servers suffer lower loads, reducing terminal slippages and malfunctions. Again, minimal night time market activity reduces spread expansion, saving on trader deposits.

Rate of assets changes efficiently making it easy on beginners to comprehend trading principles. This way, they make successful trades without market noise distractions and economic news disruptions to worry about. Working at night is unnatural, inducing trader fatigue for many. Mistakes may result in costing you money.
 

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