Showing posts with the label perfect-order-moving-averages


WAITING FOR THE REAL DEAL ____________________________________________________________ The lack of volume data in the FX market has forced day traders to develop different strategies that rely less on the level of demand and more on the micro structure of the market. One of the most common characteristics that day traders try to exploit is the market’s 24-hour around-the-clock nature. Although the market is open for trading throughout the course of the day, the extent of market activity during each trading session can vary significantly. This means that currencies such as the EUR/USD and GBP/USD tend to trade within a very tight range during these hours. According to the Bank for International Settlements’ Triennial Central Bank Survey of the FX market published in September 2004, the United Kingdom is the most active trading center, capturing 31 percent of total volume. Adding in Germany, France, and Switzerland, European trading as a whole accounts for 42 percent