Trading Forex in End Of Day......

[Angel]

Hi All,

I would need some infos concerning the Forex market......

1) Is it possible to trade the Forex market ONLY in End Of Day ?

2) If yes, at what time exactly should I place my "stop order" for the tomorrow open's market knowing that the market trade 24h24 ?

3) Is it possible to trade the "FLIP", for example, the EUR/$US pair and the $US/EUR at the same time in order to increase the market's opportunities ?

Thanks for your attention,

Cheers

Angel

[mcdirt]

Angel,

In the spot market, there is no USD-EUR only EUR-USD. Some pairs are quoted as ???-USD (eg GBP-USD, EUR-USD, AUD-USD) and others are quoted as USD-??? (eg USD-CAD, USD-CHF, USD-JPY). So you can't do what you suggest (the charts would be the exact inverse anyway!).

There are correlations however, you have to be careful entering EUR-USD and USD-CHF at the same time (in opposite directions) as these two pairs are highly correlated. If a signal comes up on these two pairs at the same time, then many traders will take both entries but with 1/2 the normal position size on each.

rgds McDirt

[Angel]

Hi Mcdirt, hi all,

Many thanks for your useful infos.

Concerning my question 1 and 2 :

1) Is it possible to trade the Forex market ONLY in End Of Day ?

2) If yes, at what time exactly should I place my "stop order" for the tomorrow open's market knowing that the market trade 24h24 ?

.......................did you get any comments to give ?

Thanks

Rgrds

Angel