June 1st | Day Trading the Currency Market
? There is decent market liquidity, but it depends mainly the stock?s daily volume. ? The market is available for trade only from 9: 30 a.m. to 4: 00 pm. New York time with limited after-hours trading. ? The existence of exchange fees results in higher costs and commissions. ? There is an uptick rule to short stocks, which many find frustrating day traders. ? The number of steps involved in completing a trade rises slippage and error. The volume and liquidity present in the FX market, one of the most liquid markets in the world, have allowed traders for access to a 24-hour market with low transaction costs, high leverage, the ability to profit in both bull and bear markets, slippage and minimized error rates, limited or no trading curbs uptick rules. Traders can implement in the FX market the same strategies they use when analyzing the equity markets. For fundamental traders, countries can be analysed as stocks. For technical traders is the FX market perfect for technical analysis, because it is already the most widely used tool by professional traders. Therefore, it is important to take a closer look at the individual characteristics of the FX market to really understand why this is such an attractive market for trade. Continuous 24-hour market is one of the main reasons why the FX market is popular because it is the ideal market for active traders to trade. The 24 hour nature offers traders direct access to the markets at all hours of the day for immediate response to global developments. This attribute gives traders also the extra flexibility of determining the day of their discourse. Active day traders should not wait any longer to open on the stock market at 9: 30 a.m. New York time to start trading. If there is an important announcement or development either in their own country or abroad between 4: 00 pm New York time and 9: 30 a.m. New York time, most day traders will have to wait for the opening exchanges at 9: 30 a.m. to post trades. By that time, in all probability, unless you have access to electronic communications networks such as Instinet for premarket trading, the market would have gapped you up or gapped down against All of the professionals would have already priced. event before the average trader can even access to the market.
Related posts:
- COMPARING THE FX MARKET WITH FUTURES AND EQUITIES ? Day Trading the Currency Market
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- Foreign Exchange ? The Fastest-Growing Market of Our Time ? Day Trading the Currency Market
- EFFECTS OF CURRENCIES ON STOCKS AND BONDS ? Day Trading the Currency Market
- : Multiple Time Frame Analysis ? Day Trading the Currency Market
Tags: ability, attributes, equities, market, The
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