THE REAL TRUTH ABOUT TRADING PENNY STOCKS
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Trading penny stocks is a very popular focus for beginner traders and its no question that penny stocks are extremely risky! In this video I want to highlight the reason beginners find penny stocks to be so attractive and the risk behind trading them!
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Day Trading Education THE REAL TRUTH ABOUT TRADING PENNY STOCKS.
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Presuming you work 9 to 5 in the U.S., you might trade prior to or after work. The most effective trading technique in those time blocks is to select the most energetic money sets (those with one of the most price action). Understanding what times the significant currency markets are open will aid in picking major pairs.
- New York opens at 8:00 a.m. to 5:00 p.m. EST
- Tokyo opens up at 7:00 p.m. to 4:00 a.m. EST
- Sydney opens up at 5:00 p.m. to 2:00 a.m. EST
- London opens at 3:00 a.m. to 12:00 midday EST
The marketplaces in Japan as well as Europe (open 2:00 a.m.– 11:00 a.m.) remain in full swing so part-time traders can choose major money pairs. These consist of the EUR/JPY pair or the EUR/ CHF set for major currencies or sets that entail the Hong Kong buck (HKD) or Singapore dollar (SGD). The AUD/JPY set might additionally function well for part-time traders offered throughout the 5 p.m. to twelve o’clock at night duration. While it is crucial to recognize the most effective money pairs that fit your routine, before positioning any type of bets the trader needs to perform more analysis on these pairs and the fundamentals of each money.
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