Forex Opening Hours

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The Fibonacci Time Zone indicator is another tool out of the Fibonacci stable which is based on the Fibo ratios and works just like the Fibonacci retracement and expansion tools. However, the Fibonacci Time Zone indicator plots the areas where reversal of price action is to be expected as vertical lines as opposed to the horizontal lines of the retracement and expansion tool. The starting point of the Fibonacci time zone strategy is to be able to draw it correctly on the charts, understand what the vertical lines signify and then use the information derived therein to create a strategy for trading the binary options market.

The Fibonacci Time Zones tool is based on a sequence of numbers known as the Fibonacci ratios. These number sequences are derived by adding the previous two numbers to get a third number. The sequence is thus listed as follows: This will be reflected in the appearance and spacing of the time zone lines as they are plotted on the chart. The Fibonacci time zone tool is drawn either from a swing high to low, or a swing low to high depending on what the trend of the asset is.

The indicator will then draw the vertical lines that represent binary options market time zones time zone automatically. The lines tend to cluster at first, reflecting the closeness of the numbers that constitute the number sequence, and from there the lines tend to become less clustered. These lines are potential reversal points. After the lines are plotted, they will look something like what is shown below:. We will see here that the tool was drawn from a swing high to swing low, and we can see possible reversal points at time zone ratios 1 and 8.

Many authorities will advise ignoring the first 5 time zone ratios, but then if you use a long term chart such as the daily chart as shown above, you can still find opportunities between the clustered areas. Usually, the Fibonacci Time Zone tool is not super-accurate when it comes to picking out these reversal points. The tool must be combined with other indicators of technical analysis, as well as candlestick patterns to pick out these areas of reversal as accurately as possible.

The trades to take on the binary options platforms using the Fibonacci Time Zone tool are the Call option and Put option contracts. The expiry times of the contract is taken to be the time distance between time zone lines to be used for the analysis. When you trace the Fibo Time Zone tool from a swing low to high and vice versa, note that you binary options market time zones doing this in real time and so the ratios that will follow will appear on the chart in areas where the price action is yet to form, i.

These will therefore form areas of projections of what binary options market time zones price action will do at those areas. The trace for the trade can be made either from swing high to low, or from swing low to high. This is because the Fibonacci time zone binary options market time zones are not very reliable indicators for predicting the direction of price movement.

Hence we will combine this trace described with our colour-coded MACD histogram indicator. If the MACD histogram is blue at line 2, then the bias for the trade is upwards. Wait for the price action to bounce on the horizontal line between time zone line 2 and 3. Trace the time zone tool either from a swing low to swing high, or vice versa.

Note the colour of the MACD histogram at the number 2 time zone line. Then trace a horizontal line from the high of the candle on line 2 across to line 3. If the MACD histogram is red, then the bias for the trade is downwards.

Wait for the price to be located below the line from line 2 binary options market time zones 3, binary options market time zones then wait for binary options market time zones to pullback upwards to this line.

Once it is rejected at this line i. It is pertinent to state that this strategy is best performed on the 4 hour charts exclusively.

Practice this on demo binary options market time zones it is perfected. You can also download the MACD indicator used for this strategy by clicking on this link.

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When you are starting out trading forex pairs , whether it be in the spot market or using binary options, there is a lot of basic information required. Many traders skip over this basic information, and instead seek out strategies immediately. Yet each hour of the day has different tendencies based on what part of the globe is open for business. Want signals for Forex? We highlight the best service on the Signals page.

Major markets are open at different times throughout the day. Which market s is open directly affects the liquidity and volatility and forex pairs. Currencies generally see increased liquidity when one or more markets that actively trade, or use, that currency are open for business.

These charts do not show every market in the world, although these are the major ones. Germany opens one hour before London; therefore, some consider that to be the open, and not the start of the London session. Those major sessions directly impact currency pair volatility. The charts below show hourly volatility.

Trading Efficiently — The 2 to 3 Hour Trader. If you are using more of a range trading strategy, or prefer low volatility, trade during the sedate times, where the charts show decreased hourly volatility.

All figures below are current as of January 9, While subject to change, the charts provide a good overall context for relative intra-day volatility. Those seeking reduced volatility, or times more likely to quietly range, trade between 20 and 5 GMT. Currently updated volatility charts and other forex statistics are available at Daily Forex Stats. Learning the basics, such as what the market sessions and hours mean to you as a trader, can significantly help in determining what strategies to exercise and when.

No matter what time frame you trade on, you should have a checklist which helps you determine what type of market environment you are trading in. This will also help with filtering trades and capitalizing on good opportunities. Forex Market Sessions Major markets are open at different times throughout the day. Here are the forex sessions based on different time zones: Final Word Learning the basics, such as what the market sessions and hours mean to you as a trader, can significantly help in determining what strategies to exercise and when.