Harness the power of Forex, which gives the-clock work of the market! Let's start with the fact that according to a survey of the Bank for International Settlements, the United Kingdom is the most active trading center, which account for 31% of trade. Throw in Germany, France and Switzerland, get 42% of all currency trading. The U.S. accounts for about 19% of total turnover. This makes the opening of London's crucial, because most traders an opportunity to capitalize on events and announcements that occurred in late U.S. session and during the Asian session.
The British pound most actively traded against the U.S. dollar During the European and London trading hours, as well as the moment of crossing the U.S. and European sessions. This gives you the opportunity to catch the original real directional movement that occurs during the first hours London, as well as the U.S. session. This trading strategy exploits the presumption of American and English traders, known as the Hunter's feet.
This means that the motion in the first minutes opening in London or America is usually false. But when all the stops careless traders are taken, begins the true motion of the pair according to the general trend. Whatever trading system you use, make sure before entering the market, confirm the rules of this strategy. Rules out a real strategy of the movement: For a long position Pinpoint the start of the European session for your time zone. Wait, when the pair will The new range minimum, which, at least 25 points below the opening price (the range is the price movement between the Frankfurt and London opening). The pair then turns around and easily penetrates the maximum. Put order to buy at 10 points above the maximum range. Put a protective "brake" about 20 points on your order. When the current yield more than twice the amount that you risked safely increase the position pulling the "stop" to breakeven. For a short position Pinpoint the start of the European session for your time zone. gbp / usd opened in Europe, and traded more than 25 points above the peak between Frankfurt and London opening. The pair then turns around and punches easily at least. Put a sell order at 10 pips below the low range. Put a protective "brake" about 20 points on your order. When the current yield more than twice the amount that you risked safely increase the position, pulling the "stop" to breakeven.