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Defensive currencies are those that tend to attract capital in times of fear, and include: USD Japanese yen (JPY) Swiss franc (CHF) These also tend to be countries with low interest rates where people borrow money to invest in more active markets.
Forex Key Times – Asian Open: 00:00 GMT European Open: 07:00 GMT London Open: 08:00 GMT New York Open: 13:00 GMT New York & London overlap: 13:00 – 17:00 GMT = Heavy Volume, increased volatility Off Hours Trading (Banks closed): 20:00 – 00:00 GMT
Statistics show that the initial success for new forex traders is disturbingly low. Over time, this trend tends to improve, but for many, it is too late. After posting a series of losses, many new traders will give-up, believing that forex trading is simply not for them. It does not have to be this way. … Continue reading Top 10 ways new forex traders lose money