Chapter 4, Part I. Trading sessions
Part I. Trading sessions
Pipruit:Sir, can we finally turn to some real FOREX stuff? I’ve tired already with this “around” talks, concerning, futures/spot, banks, market makers, trading diagrams, history and other things. Although I have to say that some of these things are exceptionally important and some are interesting, but still I wish to turn to FOREX trading directly…
Commander in Pips:Yes, I think the time has come for this purpose. And we will start with the timing of FOREX. In other words, when can we trade it, and what is the difference is between different trading times.
Pipruit:Huh, you think that it’s funny, do you? Even I already know that FOREX is a 24 hour market. What the difference does it make what time of day I decide to trade it?
Commander in Pips:Oh really? You will be surprised, but FOREX has its own time structure. This means that it could move up, it could move down, but there is also a time when it could just go almost nowhere. What time do you prefer to trade?