Hi, Billm!
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Originally Posted by billm
Nina .. what are the best times (GMT) and days to trade your FOREX markets and where do I find details of scheduled reports etc that could influence the market so that I can avoid trading during those times ?
thanks
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As you know, the best times to trade are those where all the big boys are playing with their toys. Go here:
http://www.aboutforex.com/
For me:
From 08:00 CET to 18:00 CET.
During Europe morning session you get news releases that shake the market. So you must be aware about these releases. There are a lot sites that give you the schedule of each trading day. Your broker should.
Beyond that, you have a very sensitive and "dangerous" time period. It goes from 13:30 to 15:00 CET. American boys come in and they shake trends with their news. So, if you are already sold or bought, place your stops accordingly.
If there is a cross at, lets say, 14:00 CET, I don't jump if we have important data at 14:30.
Here you have a nice site to know more about US economic events:
http://mam.econoday.com/calendar/US/...ily/index.html
Nina