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Business Day / Forex Day PDF Print E-mail
Written by Stan Kajzerek   

Business Day / Forex Day - Business day generally is from 9 AM to 5 PM. It is important to note that a Forex day is identified by opening and closure of a daily candle, with lower and upper extensions:5 PM ET to 5 PM ET (24 hr cycle)....but this being Forex, we can anticipate that there is another dimension to Forex Day. Please note that on your Forex charts a day is divided on a 24 hr basis from midnight to midnight ET. This time frame represents the most useful chain of candle stick formation for applying your Fibonacci tool - the highest point to the lowest point, - or reverse in uptrend. And, the third prospect of the Forex Day: Greenwich 24 hr cycle - used mostly on pivot point calculator. The fourth range belongs to Forex market hours globally. But, the fifth, the most important panorama of the Forex Day is your internal clock. Do not trade if you do not feel well for any reason.

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Monday, September 6, 2010
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