When speculating in gold and foreign exchange, we should choose the best time to enter the market, not blindly. It is best to look at the market and seize the opportunity to place an order. The following is a general analysis of each period, hoping to help everyone. In fact, foreign exchange traders in China have an incomparable time advantage over other time zones. The following explanations and analysis are for reference only.
At 5- 14 in the morning, the market is generally extremely light.
This is mainly because the driving force of the Asian market is small! The oscillation range is generally within 30 points, and there is no obvious direction. Mostly for adjustment callback. Generally, it is contrary to the trend of the day. For example, the trend of the day rose, and during this period, it mostly fluctuated slightly.
Since most of the market during this period has no direction to speak of, margin traders can observe around 6-8 am if the market fluctuates up and down (see 15 minutes or 5 minutes graph). You can operate at 5- 15 when the market fluctuates at both ends, and only take profit without short-term stop loss. If you can't make money after 1 1, you should close your position and stop loss in time.
This practice is called the five-point method and cannot be done on the spot. Suitable for investors with low operating skills, the final stop loss can be placed around 30-40 points! Not applicable to firm traders.
14- 18 is the morning market in Europe, and there is usually a market after 15.
After Europe starts trading, funds will increase. The foreign exchange market is a market for currency accumulation, so a lot of funds there will fluctuate there. This period will also be accompanied by the release of some European currency influence data! The general fluctuation range is around 40-80 points.
During this period, the real market will generally start after 15: 30. More than half of this market will be accompanied by deviations, breakthroughs and other indicators, which is a good opportunity to grasp.
18-20 The evening is a lunch break in Europe, and the American market is early in the morning, which is relatively light.
This time is the lunch break in Europe and China, and it is also the night before waiting for the start of the United States.
20: 00-24: 00 is afternoon time in Europe and morning time in America!
Generally above 80 points.
In the meantime, we will act completely according to today's direction, so it is judged that this market will follow the general trend of the play. It can be in the same direction as Europe or in the opposite direction. In short, it should be in line with the general trend.
From 24: 00 to early morning, it's afternoon in America.
Generally, at this time, it has already stepped out of the larger market, and this period of time is mostly a technical adjustment to the previous market.
In fact, foreign exchange traders in China have an incomparable time advantage over other time zones, that is, they can seize the time period from 15 to 24: 00. For ordinary investors, they are all engaged in non-foreign exchange professional work, and the period from 5: 00 pm to 24: 00 pm is free time, so you can use FXCM Global Gold Exchange to invest in foreign exchange without being distracted by work.
Investors who can't catch up with the afternoon will of course wait until the evening to trade, but it is best to wait until after 20: 30, that is, when the second-board market starts, that is, when Europe closes and America opens at noon. If important data is released, you should be very careful. At this time, due to huge fluctuations, there will be cheating in the field. Don't blindly follow the trend.