Forex Blog @ FxBees.com

I just ran lately across a great presentation (if this data looks familiar to you, please let me know, so I can link back!) which also included information about trading ranges of currency pairs in different sessions. As price action  is vital to Forex trading, I decided to give a short overview about this topic to make sure, beginners are using their trading time efficiently.

The following chart shows you the average trading range of currency pairs during the different sessions. As you can see, there can be huge differences. This chart can be helpful in two ways: First, determine the most interesting currency pairs for trading and, second, determine the right time to do so.

(more…)

First of all: 75% of our readers and followers on Twitter are familiar the advantages of the FOREX market. However beginners are not, so this especially for you guys.

Besides many other positive aspects there are a few facts which stand out from the rest: Liquidity, absence of market manipulation, nonstop trading activity, no bull & bear cycles. Lets take a closer look at these factors.

1. Liquidity:
The Forex market is by far the most liquid market place in the world. Only the daily retail volume – which accounts for approx. 3% of the total volume – is about 100bn USD (yes, per day). Thus investors are always able to buy and sell at very competitive prices. The spread in the Forex market is usually not higher than two pips (otherwise change your broker!) for the mai n currency pairs comprising EUR, USD, JPY, GBP, CHF.  (more…)