Wealth

Auto Forex Trading Time Zones – What Are They?

Many traders find that the forex trading time zones can be a bit intimindating . Like many others , when I first got involved in this cash 24 hour global market , I couldn’t make a lot of sense from the time zone issue. That changed over time however and within the article I’ll let you in on a few basic insights on how the 24 hour market is handled by me and when you prepare for your next trading day, it will help you out .

The first thing you need to consider is where you live , or where you’ll be doing most of the auto forex trading trading from. This will be the single greatest factor affecting the way you look at this 24-hour market. For the purposes of our example here let’s say that California is where you life on the West Coast of the United States in the Pacific Standard Time (PST) zone which is 3 hours behind New York’s East Coast time .

Now that we’ve determined that we are going to do our trading from California , which is three hours behind the East Coast , we can start planning our auto forex trading trading day. In this never sleeping 24-hour market (but gets very quiet on weekends and major international holidays such as New Years ) the trading day stops and resets with the New York financial centers closing at about 5pm Eastern Standard Time and the Far East banking centers of Tokyo, Hong Kong, etc. about the same time are opening and starting a new day . Taking this into consideration it’s best to have your trading charts set up so that the candle or daily bar that you are using closes at 5pm EST every day .

Now that we have figured out we’re trading from the United States West Coast which is 3 hours behind NY’s Eastern Time and we’re aware of when the 24-hour market will stop and rest for another day. The next thing to consider is when you will get ready and plan for the next day . If you’re living in California , like our example, and you like staying up late then perhaps you’d like to get ready to trade the London session which is from 1am-4am PST or 4am- 7am PST. Perhaps you like sleeping and you want to sleep through the session in London but have no problem getting up early , at around 4am Pacific Standard Time so you get a look at the end of the London session and get ready for the beginning of the New York session which gets going about 5:30am Pacific Standard Time, or 8:30am Eastern Time . Maybe you don’t like to get up early and so you’d prefer to be a middle of the day trader ; not a problem . Just wait for 2pm PST or 5pm EST when Tokyo gets started and this session is when you can do your trading.

Now you clearly have knowledge of the major forex trading time zones and your days can be planned accordingly. Just remember, planning and preparation are perhaps the two most over-looked, yet important factors of success in this business and any other business .  Thinking this through you should be able to plan your auto forex trading day.

What Is A Stock Investment?

You might have heard about the great wealth building opportunity in the stock market but are not sure how it works.  Well if that is you then here is a brief summary of what it is and how it works to make you money.

Stocks represent a share of a company.  Whenever you buy a stock you are basically buying part of that company.For example, if you owned stock in Google you would actually own a small portion of Google and you would benefit as the company grows.

Because you are partial owner you may actually receive some benefits.  For instance, dividend paying stocks will pay you a small amount of money for each stock you own.This represents your share of the earnings of a specific company.

Stocks can really be a great way to get some extra income.  However this is not the only reason for investing into the stock market. Actually it is not even the main reason why you would want to invest into the stock market.

The biggest reason to invest into stocks is the capital growth opportunity that they come with.Because of supply and demand stocks appreciate in value.  If more people want to buy the stock then sell it then the price of the stock will go up.

On the other hand, if more people want to sell a stock then buy it then the price of the stock will go down to reflect that.  Over the long term however fundamentally strong stocks will go up more often then they go down.  This is due to the fact that fundamentally strong stocks have more demand and often give off great earning reports which in turn brings in more demand.

Simply by investing into fundamentally strong stocks and holding onto them for the long term you would end up with an investment that is solid and will most likely make you money over the long term.Your wealth would thus increase as a result.