The trade of FOREX is all about trading the foreign currency, shares, and the same type of merchandise. You will typically find the markets open even on the most important holidays like Christmas Eve and Christmas Day, New 12 months’s Eve and New Yr’s Day, as well as on the U.S. Thanksgiving. The vast FOREX is true to its insomniac nature through the festive season and follows it common schedule. All through the trading year, the U.S. or New York Session is without doubt one of the largest in the FOREX. Nonetheless, you should also keep in mind that U.S. banks are very liberal with taking holidays off. Due to this fact, simply because the FOREX market itself is considered open, that does not imply that the banks are all open and rendering full service.
The next currency pairs can be found to trade: USDBRL, USDCLP, USDCOP, USDCNY, USDIDR, USDINR, USDKRW, USDPEN, USDPHP, USDTWD. The ICWR forex system relies on a mix of the Elliott Wave Concept and Fibonacci ratios. Traders have discovered that corrective waves have a inclination to retrace the previous impulsive waves by a Fibonacci ratio.
Be aware that it’s at your own danger to trade with any technique; and a method that labored gloriously properly for mister A could also be a disaster for you if you happen to trade with it. To avoid this, be sure to test any strategy on a demo account to see if it is a good fit.