Everything You Need To Know About Day Trading Forex Live

You may have noticed that the value of currencies goes up and down every day. Investing in the foreign exchange market can be potentially profitable based on the movement of these currencies. As technologies have improved, the Forex market has become more accessible resulting in an unprecedented growth in live online trading. Day trading is not for everyone. Yet anyone can learn how to day trade with the right education and coaching. One of the websites where you can learn more about day trading Forex live is right here.

When should I trade?

The best time to trade depends on where you live. Various markets open and close throughout the day (or night) which markets you choose to follow should be determined through your own research. One thing stands true no matter where you live: When there is an overlap in trading times between open markets is when higher price ranges occur – resulting in greater opportunities.

Want to know the best days of the week to trade? Then visit this page.

The Markets

Day trading Forex live depends on which markets are open for business. You will find that not all markets are equally as opportunistic for you to trade in – meaning that, depending on where you live, you might have to trade at unconventional hours. Choose your market, learn it well and stick to no more than 2 markets to trade in at any time. This will keep you focused and will aid in growth of experience faster.

The United Kingdom dominates the currency markets worldwide, and London is its main component. London, known as the trading capital of the world. The city also has a big impact on currency fluctuations because the Bank of England, which sets interest rates and controls the monetary policy of the GBP, is based in London. Forex trends also often originate in London, which is a great thing for technical traders to keep in mind. 

New York is the second largest forex platform in the world and is watched heavily by foreign investors because the U.S. dollar is involved in 90% of all trades. Movements in the New York Stock Exchange (NYSE) can have an immediate and powerful effect on the dollar. When companies merge and acquisitions are finalized, the dollar can gain or lose value instantly.

Tokyo takes in the largest bulk of Asian trading, just ahead of Hong Kong and Singapore. It was the first Asian trading center to open. The best currency pairs for day trading Forex live to aim for are USD/JPY, GBP/CHF and GBP/JPY. 

Sydney is where the trading day officially begins, and while it is the smallest of the mega-markets, it sees a lot of initial action when the markets reopen on Sunday afternoon, because individual traders and financial institutions try to stabilize after all the action that may have happened since Friday afternoon.

Did you hear the news?

You don’t need to know an economy inside out, but it pays to follow what is moving the markets and jump on the back of big players moving and any news announcements. After news is released, price will move in a more solid and more profound way. The Forex market is driven by high impact news events, and by understanding how to take advantage of these events, you can increase your profitability and avoid costly mistakes. Many novice day traders come to a rude awakening realizing the importance of news events only after seeing a perfectly profitable trade turn into a loss in matter of seconds, while experienced Forex traders anticipate the move and add to their daily profits in a consistent manner, almost like clockwork.

Following a Forex Economic Calendar will keep you informed with which markets are live. Day trading Forex live is like no other trading investment. Its fast paced, with high risk and higher rewards if you stick with a good trading plan.

Revealed: These Insider Hacks Will Save You Hundreds of Dollars on Groceries

For nearly five years in my youth, I slaved away at a grocery store. I started out as a high school kid, bringing in carts and sweeping the floor, ending as the assistant grocery manager who was regularly left in charge of the whole store.

During the five and a half years I spent working in the industry, I picked up a few tricks of the trade that don’t normally make it into articles like this one. These tips will save you money the next time you go to the store.

Groceries

There’s one really easy way to save money on groceries, at least at the store I worked at. Just find the grocery manager and see if there are any expired products he’s willing to sell to you.

When a product becomes expired on the shelf, the grocery department has to pull it off the sales floor even though most of the time there’s nothing wrong with it. Nobody wants to get chewed out by a customer for having rotten products on the shelf. Yes, many people do believe a product is unfit for consumption as soon as it passes the expiry date.

When it comes to getting paid for expired products, the store is usually out of luck. They have to pull it off the shelf and eat the cost. If you come along and offer to buy these products, often they can be had for pennies on the dollar. The manager just wants to get rid of them.

Next, let’s talk about the Scanning Code of Practice. Most major retailers in Canada are voluntary followers of the code which exists to hold grocers accountable for the accuracy of prices displayed on the shelf.

If you notice an item that isn’t priced accurately, point it out to the cashier. If the price was wrong on the shelf, you get the item for free or $10 off, whichever is less. Pay attention; this happens far more often than you’d think.

Some retailers won’t be very willing to give into a customer quoting the Scanning Code of Practice, but you’ll win if you stand your ground.

Fresh departments

The easiest and best way to save money on produce, meat, and bakery items is to go early in the morning. That’ll give you the best selection of discounted items.

Fresh department managers are way more proactive when it comes to getting rid of close-dated products. Each morning an employee scours the department and marks down any merchandise that is close to expiring. As long as you get there soon after, you’ll have a great selection.

You’ll want to immediately freeze any meat bought with a close expiry date. Most meats can be safely frozen for up to six months without any noticeable effect.

Next, figure out what’s in season. September and October are great times to buy things like apples, blueberries, cauliflower, cucumbers, and a myriad of other vegetables. That produce will be cheaper than usual, so eat away when things are cheap. Come spring, switch to things like oranges, kiwis, potatoes, and carrots.

Meat is somewhat similar. Turkeys and hams will be cheap around Thanksgiving and Christmas, so make sure to stock up while prices are cheap.

Ready to get extreme?

There’s one other way to save some big money on food, something 95% of you will immediately dismiss.

Check out the store’s dumpster out back.

I know, I know. There are a lot of issues with dumpster diving. But we live in a world where stores will throw out perfectly good stuff because it no longer has a spot on the shelf or because it has passed a magical expiry date.

By jumping inside of a dumpster, you’re saving the earth while saving money at the same time. Think of it as your sustainable duty.

Okay, so maybe not on the dumpster diving. Still, now that you have a better idea of the inner workings of a store, saving money on groceries shouldn’t be hard.