Forex trading hours

Being an active member in Forex trading is an excellent way of investing money when you have a good knowledge on how the market works. Forex trading attracts many people as it allows you to trade at any time throughout the weekdays. You can trade round the clock for 5 days a week. In case you are not able to concentrate on the Forex market 24 hours a day, you can hire a broker to do that for you. There are lots of online and local brokers available for this purpose.

Even though the Forex market hours are open 24 hours a day throughout the week; you should be smart in selecting the times in which you do your trading. For example, when you are planning to trade a certain country, watch the market and observe which hours hours are most active. You should develop a good understanding of the high trading volume periods for each of the major markets. By doing this, you can have an advantage of knowing the currency movements.

How to Implement Forex Option Trading

Traders traditionally can choose the price and date to make a conventional option valid. Conventional options enable you to purchase something from the option seller, without being obligated to purchase it, at a set price and time. One the trader has chosen the price and date of the option; he receives a quote indicating the premium he has to pay to obtain the option.

Traders can choose from the American-style options which can be exercised at any point until it expires. The European-style is the exact opposite; it can only be exercised at its expiration.

What conventional call/put options lack in flexibility, they make up for in their lower premiums. Furthermore, being able to buy and sell your call/put options before expiration adds some flexibility. However, call/put options are a little harder to execute that SPOT options.

External Resources:
Forex Trading System
Forex Option Trading Resource