Overnight trading (night Forex trading).
Trading on the stock exchange, many traders gradually notice that the number of successful transactions depends not only on the correct prediction of the trend, but also the time of day when trading is conducted. Therefore it is sometimes made to divide the process of trading on the day and night trading.
Overnight trading (night Forex trading) – Whether buying currency sales in the period from 21:00 to 8:00 am local time in view. It is not necessary to transfer the deal the next day, the main indicator of night trading, this time of the meeting, rather than the duration of the transactions.
This term implies that you simply are trading at a certain time of day, as forex strategy can be used absolutely any.
Advantages and disadvantages Overnight trading.
1. Free time – this kind of trading is especially attractive for those who are busy during the day in the main job. Praed home, you can spend a few hours of rest, and then to do to make money in the forex.
2. No distractions – at night, no one will call you on the phone, as decreases the level of external noise. All this allows us to concentrate fully on the job.
3. Selection of trading tools – that night Forex trading, or rather her morning allow you to select the most popular currency pairs, thus eliminating the impact of external factors, for example, EURUSD, EURGBP, USDCHF, etc.
4. Communication – at this time of the day reduces the load on the communication channels open orders faster, fewer cases of technical failures of equipment.
5. Disadvantages – if we talk about the shortcomings, the major one is the condition of your body, after all, the night the majority of citizens are accustomed to rest. It is also necessary to pay attention that not all forex brokers provide around the clock support to its customers.
Especially overnight trade on the forex.
1. Trading Session Forex – Trading at this time takes place on the American and Asian trading session, this fact imposes its imprint on the choice of trading instruments and strategies of the work itself.
2. Tools of the Trade – it all depends on how risky forex strategy you have chosen as his assistant:
• The risk and high profitability – for this option is ideal currency pair AUDJPY, USDJPY, EURJPY, GBPJPY, EURUSD.
• A quiet trade with low risk – choose those currency pairs, which at that time ruled out the emergence of news EURCHF, EURGBP, GBPCHF.
3. Strategy – forex trading at night you can use virtually any trading strategy – scalping, channels, sample, levels of support and resistance lines, etc.
4. Roll – Be careful if you have opened the transaction up to 24 hours and close on the following day, to the sum of the spread to add swap Commission, regardless of the duration of the transaction. Therefore, before the start of trading should be obtained from your broker, its time zone and time calculation of the commission and all of the transaction to close before the hour.
Night Forex trading than not worse and not better intraday trading at other times, it’s just a different time period of the transaction, so you should not especially pass on overnight trading, if you have the ability to trade during the day.
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