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Forex Market Trading Strategy | Currency Market Never Sleeps

Posted By On 6/06/2009 09:43:00 PM Under ,

1. Forex market is a market which never sleeps and one can catch this market from Sunday (21GMT)* to Friday (21GMT)* i.e. for this duration market is open throughout and as a result one generally do not see any gap up or gap down movements unless an event of major importance occurs which can trigger a buy or sell rally.

Note: GMT*: Greenwich mean time

2. One sure shot Currency market strategy to make money is to sell the currency of a country which is having a relative low rate of interest and go for he currency with a relative higher interest rate. The word relative is being used as Forex trading is tracking currency pairs and to make it easy to understand; this pair can be either EUR/USD or USD/JPY and so forth. One is able to make money in this type of strategy as one is able to make money by capturing the interest differential.

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