The foreign exchange market, called also forex or the FX, is the largest financial market in the world. It is the most liquid one as well. High volatility creates more opportunities for trading. Today I am going to explain how to trade forex on the IQ Option platform. The base for the FX is purchasing […] The Market Traders Institute (MTI) from a statistical perspective suggests that the best days to trade are Tuesdays and Wednesdays when the peak trades take place. The most profits are made 3 hours in-between 8:00 am and 11:00 am London time which is when major corporate declarations and economic news are released. The main highlights of Forex trading: Firstly, sign up to IQ Option trading platform. If you are a newbie in Forex trading, we recommend you to start with a Demo account (with rechargeable virtual $ 10 000), so you don't have to worry about losing your real money. Assets At IQ Option. Currently, traders at IQ Option can trade in 90+ different types of underlying assets. They consist of a selection of currency pairs, market indices, stocks and commodities. Recently, IQ Option has also added a selection of 12 different types of cryptocurrencies for its clients to trade in. If you're trading currency pairs on IQ Option (forex, option or digital option), the time which you choose to trade coupled with the currency pair will play a huge role in your success. There are four major forex markets; Sydney, Tokyo, London and New York. Depending on your timezone, each market is either open during the morning, afternoon or evening. Opening a Forex Account The IQ Option FX platform offers one of the most favorable conditions for forex trade. It provides with the highest 1:500 leverage and the least amount of deposit which is only $10. However, one must keep it in mind that a single mistake by him can lead to a total wipe out of his whole balance. Forex trading week ->>> See More: The Golden Cross Moving Average Strategy For Price Action Traders As you can see from the chart above, it’s best to trade during the middle of the week, since this is when the most action happens.Fridays are usually busy until 12:00 pm EST and then the market pretty much drops dead until it closes at 5:00 pm EST.This means we only work half-days on Fridays. There are five major Forex trading centers: Frankfurt, Hong Kong, London, New York and Tokyo. The Forex market is open 24 hours a day, five and a half days a week, and operates across nearly every time zone, which makes for an active market in a continual state of flux, with prices changing all the time.
[index]