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Tokyo Session

ith Australia and Japan relying heavily on Chinese demand, we could see greater m

London Session
Of course, it may be best to stick with the majors (EUR/USD, GBP/USD, USD/JPY, and USD/CHF), as these normally have the
London session is the busiest out of all the other sessions

New York Session

Best Days of the Week to Trade Forex

Tue,Wed, Thur best day to trade
Friday half day

Best Times to Trade:

When two sessions are overlapping of course! These are also the times where major news events come out to potential
The European session tends to be the busiest out of the three.
The middle of the week typically shows the most movement, as the pip range wid
currency pairs.

Worst Times to Trade:

Sundays everyone is sleeping or enjoying their weekend!
Fridays liquidity dies down during the latter part of the U.S. session.
Holidays everybody is taking a break.
Major news events you dont want to get whipsawed!
During an episode of Game of Thrones, the NBA Finals, or the Superbowl

When you go to the grocery store and want to buy an egg, you cant just buy a sing
lots of 12.
In forex, it would be just as foolish to buy or sell 1 euro, so they usually come in lo
(Micro), 10,000 units (Mini), or 100,000 units (Standard)

Pip Values
(The value change in counter currency) times the exchange rate ratio = pip value (i
[.0001 CAD] x [1 USD/1.0200 CAD]
Or simply as:
[(.0001 CAD) / (1.0200 CAD)] x 1 USD = 0.00009804 USD per unit traded
Using this example, if we traded 10,000 units of USD/CAD, then a one pip change

If the currency you are converting to is the counter currency of the exchange rate, a
found pip value by the corresponding exchange rate ratio:
.813 GBP per pip / (1 GBP/1.5590 USD)
[(.813 GBP) / (1 GBP)] x (1.5590 USD) = 1.2674 USD per pip move

So, for every .01 pip move in GBP/JPY, the value of a 10,000 unit position changes
If the currency you are converting to is the base currency of the conversion exchan
found pip value by the conversion exchange rate ratio.
Using our USD/CAD example above, we want to find the pip value of .98 USD in N
7900 as our conversion exchange rate ratio:
0.98 USD per pip X (1 NZD/.7900 USD)
[(0.98 USD) / (.7900 USD)] x (1 NZD) = 1.2405 NZD per pip move
For every .0001 pip move in USD/CAD from the example above, your 10,000 unit p
approximately 1.24 NZD.
PY pairs when Chinese data comes in.
uld be approximately a 0.98 USD change in the position value (10,000 units x 0.0000984 U
units x 0.0000984 USD/unit).
Choose the which news u r going to trade
Find the breakout level for 30 min before the news release
Make a pending order in both direction 100 pints above the breakout level(buy)
Set stop loss aprox 300 points below the entry level and Take profit will be equal to the range of market 30 min before the new
of market 30 min before the news release