Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Forex Trading: Part 2: The Relevance of Time
    Forex Trading: Part 2: The Relevance of Time
    Forex Trading: Part 2: The Relevance of Time
    Ebook38 pages24 minutes

    Forex Trading: Part 2: The Relevance of Time

    By Stanley Davies

    5/5

    ()

    Read preview

    About this ebook

    Forex Trading 


    Part 2: The Relevance of Time


           In the first book of this series on Forex Trading, the time and price strategy was introduced. The second book will be a follow up and its main aim is to breakdown the concept of time in the easiest and most understandable way possible.


    This book will include examples of each facet of time as discussed in the first book. This will give the reader a better understanding of the Time and Price strategy. Not every time is suitable for trading just because the market is open; the market has an opening time and a closing time. Especially in the foreign exchange market where the market runs for 24 hour a day 5 1/2 days a week it is important to know when to be in and when to be out.


    If you understand the concept of time in trading it will be a huge improvement to your daily trading. You will understand why the big players enter at a specific moment in the market and when they stay out.


    Contents:


    Chapter 1: The Day of the week is important


        What to expect on Monday


        What to expect on Tuesday


        What to expect on Wednesday


        What to expect on Thursday


        What to expect on Friday


    Chapter 2: The Trading Sessions


        Asian Session


        London Session


        New York Session


        London Close Session


        New York Close Session


    Chapter 3: Examples of Trades Taken using the Concept of Time On the Relevance of time in trading


    About the Author:


    Stanley Davies is a professional trader, technical analyst and a hedge fund manager. He has been trading for his clients for more then 20 years. In this series he reveals some of his best trading strategies.

    LanguageEnglish
    PublisherDAO Press
    Release dateMar 15, 2018
    Forex Trading: Part 2: The Relevance of Time

    Read more from Stanley Davies

    Related to Forex Trading

    Titles in the series (2)

    View More
    View More

    Related ebooks

    E-Commerce For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      RSI Alone Not Enough

      Sep 18, 2020

      oscillators, such as the relative strength index (RSI) and stochastics, are often used as signals for overbought and oversold zones. Let’s use the RSI as an example. Generally, an RSI set on 14 days is considered over-bought above the 70 level, but t

      1 min read

    • Article

      He Learned to Trade for Profit - and Can Teach You, Too

      Jan 31, 2019

      Raymond Rondeau, 55, of Exeter, R.I., is a trader, president of the New England American Association of Individual Investors chapter, and creator of AAII's new course, "Investing Strategies and Technical Analysis." When did you start trading? I began

      2 min read

    • Article

      Discipline Goes A Long Way

      Mar 31, 2022

      The life of a trader is not what most of us might imagine it to be – that is, glamorous, exciting and paved with gold. More likely it is solitary, private, a bit boring and, when done right, provides a living. We could all be traders. We could all be

      5 min read

    • Article

      What Is Forex Trading?

      Mar 1, 2022

      What Is Forex Trading?
      6 min read

    • Article

      Learn How To Spot A Rip-off

      Feb 24, 2021

      Learn How To Spot A Rip-off
      3 min read

    • Article

      The Magic of Moving Averages

      Jan 31, 2019

      When price charts begin to look like jagged mountain ranges, it can be hard to map out which way stocks are headed. Enter the simple moving average. The tool is a staple of technical analysis--the practice of determining the direction of stock prices

      2 min read

    • Article

      To Take Profit Or Not? That’s The Question

      May 15, 2020

      as global and local markets continue to rally after the collapse of late March and early April, I am being flooded with questions from people who bought shares during the collapse and now want to know if they should be selling. The point I always mak

      2 min read

    • Article

      What to Do (and Not Do) When the Market Drops

      Dec 12, 2018

      It's been a long time since we ended a year with U.S. stock market being down. However, the longest bull market in U.S. history, which started on March 9, 2009, could finally be coming to an end. If you have watched or read any amount of news recent

      3 min read

    • Article

      Why Bigger Isn’t Always Better

      Oct 16, 2020

      as well as being a long-term investor, I am also a short-term trader on the JSE, trading index futures before the equity market opens. Although the profits (or losses) are small in every trade, the profits are larger than the losses and I get a few m

      2 min read

    • Article

      5 Time-Tested Tactics in Bear Markets

      Aug 24, 2020

      As COVID-19 continues to run its course, it gives us another chance to learn from the past and prepare for the future. Yes, that could refer to a lot of things, but let’s assume it is the stock market. March was terrifying if you were an investor. No

      3 min read

    • Article

      Expectation Versus Reality

      Oct 22, 2021

      nerina Visser of etfSA once said something about risk that has stuck with me. She commented that risk is when the unexpected happens. She was talking about exchange-traded funds (ETFs) and her logic was that if you bought an ETF to track an index, yo

      2 min read

    • Article

      5 Things To Do In A Bear Market

      Feb 20, 2018

      Bear markets, technically, are a 20% drop in the stock market, but who wants to wait that long to find out it's a bear? Bear markets, corrections and volatility all look pretty much the same at the beginning. When the market is down 5%, how do you

      4 min read

    • Article

      Mistakes Small And New Investors Should Avoid

      Aug 19, 2023

      There is an old saying that applies every investor, ‘The best time to invest was 10 years ago, and the second best time is now.’ It is a profound statement, but many new investors often get carried away with the sentiment, trying to make up for the l

      4 min read

    • Article

      Money Talks

      Aug 19, 2021

      Timing the market sounds easy. Just like investing at the right time sounds like a great idea. However, if you’ve ever tried it, you probably know that in actual fact, it’s exceedingly difficult, if not impossible, to do. There are too many different

      2 min read

    • Article

      It’s A Full-blooded Bear Market

      Mar 27, 2020

      bad news is an investor’s best friend. – Warren Buffett Amid a deluge of bad news hitting the JSE and other markets almost daily, there is one important aspect that should not be overlooked: Experienced value investors are currently buying shares the

      2 min read

    • Article

      Is Now The Right Time To Invest?

      Nov 2, 2022

      One of the questions I get asked a lot (as the friend who likes talking about money and investing) is whether now is the right time to invest. This question is asked during times when investing feels easy, but comes up a lot more often when things fe

      1 min read

    • Article

      Things To Help You Succeed

      Oct 27, 2021

      1. Focus on the outcome. If you focus on what you fear, that’s where you’ll end up. Set your sights on your goals and focus on how you are going to overcome challenges rather than on the challenges themselves. 2. Start small. Practise little test-and

      1 min read

    • Article

      Offsetting New Tax

      May 27, 2021

      As an investor, we are taught to be counter-cyclical and buy when nobody is buying. What nobody mentions is that it can be scary in the moment. One investor compared it with feeling like he was playing a game of chicken vs an onrushing train … and I

      3 min read

    • Article

      The Motion and Emotion of Investing

      Apr 28, 2022

      One of the realities of investing that we know all too well is that markets and the value of our investment portfolios never stay the same.  Seems pretty obvious to many, but somehow no matter how much or little experience we have as investors there

      3 min read

    • Article

      Technical Analysis Tools For Long-term Investing

      Oct 30, 2020

      in the 22 October issue of finweek, I wrote about how I am trying my hand at trading local equities for the first time in over a decade. Some aspects of my index trading have helped (discipline and risk management), but stocks are more volatile and n

      2 min read

    • Article

      How Investors Can Prosper With Technical Analysis

      Feb 6, 2019

      Many investment advisors and money managers have a little secret. They will proudly tell you that they rely heavily on fundamental analysis, carefully weighing earnings, market share, competitive environment and demographic trends to select the best

      5 min read

    • Article

      Managing Real-world Market Fears

      Sep 10, 2021

      fear is a stark reality in the markets for most investors. We fear the markets for two key reasons: fear of missing out (fomo) and fear of being wrong. They have some common traits between them but in many cases are separate and have different soluti

      2 min read

    • Article

      Take Time To Get Better At Trading And Investing

      Dec 6, 2019

      another year has rushed past. I’m not sure about you, but I am feeling old after this one. Truthfully, the local market did all right, when we take dividends into account, but I still feel battered and bruised. Fortunately, I have some time to rest o

      2 min read

    • Article

      Chart Your Way To Success

      Aug 25, 2022

      Chart Your Way To Success
      8 min read

    Related categories

    Reviews for Forex Trading

    5/5

    4 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Forex Trading - Stanley Davies

      time and price strategy

      The Relevance of Time

      Stanley Davies

      DAO PRESS

      Table of Contents

      Chapter 1

      Day of the Week

      What to expect on Monday

      What to expect on Wednesday

      What to expect on Thursday

      What to expect on Friday

      Chapter 2

      Trading Sessions

      Asian Session

      London Session

      New York Session

      London Close Session

      New York Close Session

      Chapter 3

      Example of Trades Taken using the Concept of Time

      CONCLUSION

      Chapter 1

      Day of the Week

      I hope that this book will get my point and thought process across in the best way possible. The main reason why I chose to follow up with this book is because I want you to build a sense of structure in your thought process. Most people who want to get involved in trading or are already in the business treat trading in a different way. They treat trading like a game of chance, and with every game of chance many people do not give much thought to process they simply do it for the sake of doing it. This is the very reason many people fail at trading, trading has a structure just like your 8 to 5 job. That is why the successful traders who have learned and embraced this fact have been able to make the best out of this business.

      The idea of time as the basis of your thought process is closely related to your daily activities. I will give you an example of what many people do every day.  A man wakes up at 6 in

      Enjoying the preview?
      Page 1 of 1