onlinetrading

onlinetrading

It is a total myth that you need to watch the commodity and forex market constantly in order to catch the big moves and to make maximum profits. The fact is you only need to look at the market only twice or thrice a day to make decent profits, provided you do that correctly at the right times.

Before looking into the right times, first let us understand clearly that the almost all of the common myths about forex trading are put around by day traders. Most of the vendors wrote a lot about best times to trade, some ask you to constantly watch the market while others suggest you to hunt for stop losses blindly.

Day traders trade in high volatility and so need to take extra caution by using small stop losses. But for seasoned traders who want to make big profits by investing longer need not to worry with minor fluctuations in the market. They need to concentrate on technical and fundamental analysis. If fundamentals are strong and technical factors are supporting your positions, you can continue your holdings for long to make huge profits.

The best times to trade if you are swing trader are: After the close of US stock Markets and at the time of start of the London Markets.

Today the highest volumes of commodity is traded in London trading hours, next is US market hours. Never rely on Asian markets as they are not significant to catch the trends. If you trade during these two hours with full concentration, you will easily catch the trends.

Once you catch the trends simply follow it. Don't try to go against the market. This strategy will work almost every time. For some cool resources about best times of trade in commodities and forex please visit this website:http://www.commodityforex-onlinetrading.com

source : go articles