In FOREX, there are baitfish, fish, sharks, and killer whales, you want to swim with the whales without getting eaten.
What is FOREX?
First let's look at what it means to buy and sell a currency pair.
Trading Schedule
What FOREX pair or pairs should I trade? It's best to trade high volume pairs because the spreads are lower and you can make more money. Ok, so which pairs have the highest volume? I'm glad you asked.
Ok, but when do should I trade Forex? The highest volume for all pairs is generally during the New York/London overlap session, however certain pairs may see volume spikes during key news releases. Some pairs like XAUUSD for example, often have volume spikes at night time and early morning EASTERN STANDARD TIME.
Ok but how do I get my economic news. I'm glad you asked.
Click on "Click here for full event details" at the designated time to make sure you verify the correct data, you can also use past data to see what happened in the market during previous news releases.
Ok, but how do jokes be like?
Below is an old chart that was made I DON'T KNOW WHEN by I DON'T KNOW WHO. But for whatever it's worth, it was "confirmed" (meaning, probably by people who also saw this on Google image search) by several other sources. Translation, DO YOU OWN VOLUME RESEARCH VIA METATRADER LIKE I DID ABOVE.
Just one of many cheat sheats.
Jokes
More...
Silly I know...
MORE STUFF LATER, STAY TUNED...
