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Liquidy when scalping


pipdmt

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As a scalper, you only want to trade the most liquid markets. These markets are usually in the major currency pairs, such as EUR/USD or USD/JPY. Also, depending on the currency pair, certain sessions may be much more liquid than others. Even though the forex markets are trading for 24 hours a day, the volume is not the same at all times of the day.

Usually, when London opens at around 3 AM EST, volume picks up as London is the major trading center for forex trading. At 8 AM EST, New York opens and adds to the volume being traded. Thus, when two of the major forex centers are trading, this is usually the best time for liquidity. The Sydney and Tokyo markets are the other major volume drivers.

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Forex is a highly volatile market place. It is much risky business. People from all around the world are interested to do Forex trading and everyone needs a medium for exchanging their foreign currency at the best price. With ForexOne I can trade very profitable because they have best services and facilities such as – high leverage 1:500, low spread from 0.4 pips, major currencies, various trading indicators, multicurrency trading etc.

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