EURUSD. Unemployment Rate (Aug) Report + Nonfarm Payrolls (Aug) on the 2 of September 12:30 GMT

Will Unemployment Rate and Nonfarm Payrolls august reports positively affect US ecomomy? During her speech last Friday the FOMC chairman Janet Yellen said that the possibility of a refinancing rate hike is increasing, because the labour market data and the GDP are both on an excellent level. All that’s left to do is to solve some issues pertaining to boosting the inflation and the rate hikes can continue. 

It is important to emphasize that a new cycle of rate US rate hikes is one of the most anticipated global economic events at the moment, because it might have a positive impact on world economy. At the moment there is a floating rate in the US = 0.25%-0.50% and it expected that it will be increased either to a fixed value = 0.50% or it will be increased by another 25 basis points up to 0.50-0.75%.

It is vital for labor market statistics to remain on a decent level so that further rate hike would be possible. During the last two months unemployment rate remained on 4.8-4.9% level (significantly lower than target level = 6.0%) while the NonFarm data remain on a very high level (over 250,000):

If the latest unemployment rate figures don’t disappoint, it will have a positive effect on the US dollar.

EURUSD chart:

After the press-conference held by Janet Yellen last Friday, US Dollar significantly strengthened on EURUSD D1 chart and the lower line of an uptrend was broken. What is more, according to the indicator of technical analysis “CCI” the lower line (-100) was broken and it means that there is a high chance of further downward trend.

USDCAD. Canada’s GDP Report (31 August 12:30 GMT)

Thanks to the consolidation of oil prices – Canada’s main export – the country’s economy has stabilized. This enabled the government to revisit its goals and methods and to optimize the spending. Just like in the other countries where the main export is a raw material, Canada is trying to venture more into high-tech industries and reprofile the economy.

That’s why if the GDP growth data exceeds expectation, it will give the Canadian dollar a boost.

On 2nd of August crude oil price got back to 47.64 level from 39.15 (increased by 21.56%) and even tested psychological level = 49.00 before that. It had a positive impact on Canadian dollar.

USDCAD chart:

There is still a tiny upward trend on USDCAD D1 chart, but according to the indicators of technical analysis “Relative Strength Index” and “ADX” there are no factors have an impact on the rate, it means that fundamental factors prevail at the moment.

Trading signals 2016-08-29

9.00

 GBP/USD                Duration  1 h.

 EUR/USD                 Duration  1 h.

GBPUSD. UK Preliminary GDP Report (26 August 8:30 GMT)

Ever since the chairmen of Bank of England decided to cut the refinancing rate from 1.50% to 1.25%:

..England’s economy started showing signs of growth – inflation, retail sales and the level of unemployment as well as Producer Price Index significantly improved:

..while profitability of long-term bonds decreased. This tells us that economic risks are now significantly lower.

If GDP figures remain on a good level it will positively affect the price of Pound.

GBPUSD chart:

After the decision of representatives of Bank of England to cut the rate from 0.50% to 0.25% there are no massive price changed on GBPUSD D1 chart and the rate is moving in a narrow price range.

What is more, indicator of technical analysis “Relative Strength Index” proves it.

USDJPY. Japan’s Inflation Report (25 August 23:30 GMT)

Inflation is one of the more problematic aspects of Japanese economy at the moment. Low inflation level forces Bank of Japan to take unpopular measures – cutting the refinancing and interest rates, as well as introducing various monetary interventions.

Should the inflation figures turn out to be higher than previously expected, the Yen will likely get a boost.

Overall, due to the fact that Japanese Yen is increasing against the main currencies it is a perfect timing for representatives of Bank of Japan to apply unpopular economic measures, because it will help to boost the inflation as well as the overall economic growth. That is why some massive upward rate movements might occur on the price chart from time to time.

USDJPY chart:

The rate is still close to the most important psychological level = 100 on the USDJPY D1 chart (highlighted with orange). This level was tested couple of times lately, but it is yet to be broken (close price of these candlesticks is higher than specific level).

Still, there is a downward rate movement on the price chart (highlighted with yellow).

PIN BAR strategy

PIN BAR trading strategy

“IQ Option is gambling, lost it all”

Binary options are a hot topic at the moment, people search information online, read non-factual feedback and get scared away, we have therefore decided to come up with an article to clarify the difference between trading and gambling, as there is one.

In different countries regulators do not know whether to classify binary options as a financial instrument or gambling. This statement shows a shallow understanding of binary options as well as financial instruments and due to this fact we had to leave a number of countries lately, among them are Canada, Australia and Belgium as the latest. From today, that is August 18th, we have stopped providing services to both old and new customers from this country.

Gambling or financial instrument?

According to the Merriam-Webster dictionary, gambling is defined as “to bet on an uncertain outcome”. Isn’t trading any financial instrument according to this definition gambling? Well, it is if you are just looking at the outcome of one individual trade in isolation. If on the other hand, you are trading a system that has a positive expectancy then the outcome of a large enough number of trades is not uncertain anymore – you will be making profit.

The risk will always be there and the higher the payouts the riskier the investment is. With binary options, the payouts are high but the risk is fixed. You will never lose more than what you’ve invested in one position and with IQ Option the payout is always known in advance.

This is actually similar to bank deposits, you invest a certain amount of money, you may be protected up to a certain sum depending on your government, and the bank offers you a fixed annual percentage. However, with banks since the risk is relatively low so is the payout on those savings accounts. In most cases the payout doesn’t even cover inflation.

When you trade binary options, it is important to ask yourself:

1. What am I trading? If there is no system that can be developed that has a positive expectancy, then you are gambling and what you are “trading” is not a viable financial instrument.
2. How am I trading? If you trade any financial instrument without a strategy that has a positive expectancy, then you are gambling.
   
3. Let us take a look at a few examples to see whether you are gambling or trading.
   1. Playing the slot machines in a casino. This is clearly gambling as the odds are in the favor of the slot machines over time. If you play long enough you will always lose. The casino always wins.
   2. Trading options with a system that has a positive expectancy. This is clearly trading and not gambling as you will make money over time even though the outcome of any one trade is unknown.
   3. Trading assets without a system that has a positive expectancy. This is clearly gambling, as it is uncertain whether you will make money over time. So in this example, you can see that even though you are “trading” a financial instrument, what you are doing is still considered gambling.

   Some analysis can make a difference

   To sum up, if there does not exist a system of trading that has a positive expectancy, then you are gambling and what you are trading is not a financial instrument. Why? Because trading binary options includes risk management and both technical(indicators) and historical (news) analysis. Trading requires a lot of concentration and feeling of responsibility for the actions you take as there will be positive or negative consequences and you are solely responsible for them.
   Develop your trading system, build a strategy by training and learning, enhance your approach with analysis and don’t forget to address our support in case you need any advice on your profit line improvement.

Practice DEMO account without limits. You never lose your practice money

Practice DEMO account without limits. You never lose your practice money

How to trade on EUR/USD asset

How to trade on EUR/USD asset

EURUSD. Publication of Eurozone (August 18th 12:00 GMT +3)

In a time when leading global economies are keeping their refinancing rates to a minimum the importance of boosting the inflation comes to the forefront. Members of the ECB have lowered the rates to a zero, which had a positive effect on inflation and it’s growing slowly but steadily.

CPI of Eurozone is still close to the zero-level:

US CPI numbers are somewhat better, but they still fail to get close to the target level:

..so even a small CPI increase will have a positive impact on national currencies of these countries: 
In the beginning of August Eurozone Retail Sales report (June) was published and the numbers were insignificantly lower than the forecast so it did not have almost any impact on the value of European currency:

..same story with US PPI and Retail Sales data:

Overall, both EU and US are developing steadily. EU GDP growth is on a decent level for developed economies:

..while US labor market data is still outstanding:

Experts believe that there are some risks for the Eurozone economy due to the “Brexit” process while US risks and uncertainty are based on US president elections as these are edging closer to the final period. That is why the rate can show some unexpected moves on the price chart from time to time. 
EURUSD chart:

There is a flat rate movement on EURUSD D1 chart and indicator of technical analysis “Relative Strength Index” proves this. That is why it is very important to consider lines of support and resistance which are highlighted with yellow colors on the price chart above.

GBPUSD. Publication of UK CPI report (August 16th 11:30 GMT + 3)

As it was expected representatives of Bank of England decided to cut the interest rate from 0.50% to 0.25% at the last meeting of BoE . Mostly such decision was taken in order to avoid deflationary risks in the country. Unfortunately, yet again it had a negative impact on the value of British Pound as it keeps to hit the minimum levels one after another.

If CPI data is lower than the forecast it will have a negative impact on GBP as well:

Unemployment rate will be published together with CPI report, but at the moment labor market numbers are on a very decent level.

Apart from these reports Retail Sales data will be published this week as well. It has a massive impact on CPI:

GBPUSD chart: 

What is IQ Option?

What is IQ Option?

Basic information about IQ Option:

Regulation: CySEC, FCA, REGAFI, Consob (CySEC regulation is only for European clients!)
Minimum deposit: $10
Minimum option price: $1
Maximum option price: $5000
Profit: up to 90%
Ways of deposit/withdrawal: Credit Card, Wire Transfer, Skrill, Qiwi, WebMoney, CashU, iDeal, Fasapay, Neteller, Boleto
Instruments: Currencies, Stocks, Indices, Commodities
Number of assets: 100+
Approved countries: all except USA, Canada, Australia, Russia, Japan, Turkey, Israel, Iran, Syria and Sudan. Please note, there are some exclusions for mobile traffic: users from Malta cannot trade on iOS app, and users from Malta, Myanmar, Lichtenstein, Cuba cannot trade on Android app.
Demo account: Yes, free practice account with $1000 demo money
Mobile application: Android, iOS
Trading Platform: web-browser, standalone app
Bonus: Up to 50%
Wager in the case of a bonus: bonus*35
Language support: English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Indonesian
Support hours: 24/7
Year established: 2013
Withdrawal time: 1-3 business days

Trading signals 2016-08-15

12.00

 EUR/USD                         Duration  1 h.

 USD/JPY                          Duration  1 h.

So what is Bitcoin?

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people. It’s the first example of a growing category of money known as cryptocurrency.

What makes it different from normal currencies?

Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.
However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

Who created it?

A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

Who prints Bitcoin?

No one. This currency isn’t physically printed in the shadows by a central bank, unaccountable to the population, and making its own rules. Those banks can simply produce more money to cover the national debt, thus devaluing their currency.

Instead, bitcoin is created digitally, by a community of people that anyone can join. Hundreds of computers scattered around the Internet work together to process Bitcoin transactions. These computers are called “miners” and Bitcoin’s transaction-clearing process is called “mining“. Here is a typical mine in China:

What is bitcoin based on?

Conventional currency has been based on gold or silver. Theoretically, you knew that if you handed over a dollar at the bank, you could get some gold back (although this didn’t actually work in practice). But bitcoin isn’t based on gold; it’s based onmathematics.
Around the world, people are using software programs that follow a mathematical formula to produce bitcoins. The mathematical formula is freely available, so that anyone can check it.

Trading dignals 2016-08-10

16.00

 GBP/USD                    Duration  1 h.

 USD/JPY                       Duration  1 h.

Hedging Binary Options Strategy

Hedging is a way to reduce your trading risks. Hedging a binary option involves buying both a Put and a Call on the same asset, with strike prices that allow both to bein the money at the same time. That is, the strike price of the binary Call option is lower than the strike price of the binary Put option.

Consider what this means. If the actual price is between the two strike prices at expiration, both the Put and the Call options would be in the money, and you wouldmake a healthy gain over your investment into the deals. This is the best scenario, and all it requires is for the price to be in a range, the size of which is up to you. Admittedly, the larger the range, the more the binary options will have cost you, but that is part of your assessment on making the trade.

In this situation when using the hedging strategy you would have to buy an option in point A that the rate will  rise (Call) and buy an option in point B that the rate will go down (Put).

If, after your chosen period of time, the rate will be in the hedged area C, you will have won both deals. If the rate will be outside the hedged area, then you will have won either the deal A or deal B.

Any way, in case you have the trend rising higher than the the point B (the option was a Put one) you still have the partial profit due to the deal A being correct. Yes, of course the C trend position would have the quote cought in the corridor and thus you receive the double win.

This strategy is effective because, as you can see in the chart above, the rate has a tendency to change (“jump”), so it’s easy to predict the high points and make the right deals at the right time.

Advantages Of This Strategy:

• Profitable if used correctly
• Can be used in a small period of time (15 minutes), not the Turbo mode though as it offers up to 5 minutes only, when the chart is moving too quickly and it hard to build th corridor
• Easy to understand and use. Good for begginers

Disadvantages Of This Strategy:

• If the rate goes against your prediction you loose all your investment

Tips For Better Results in the long term:

• Play with smaller investments at the beginning
• Hold on to strategy – turn off your emotions

Review trading platform

Trading Signlas

19.00

 GBP/USD                   Duration  1 h.

 EUR/USD                    Duration  1 h.

Secrets of Trading Turbo Options

Turbo options is a type of binary options with a short, limited term. Binary options traded on 1 to 5 minute timeframes can be considered turbo options. Traders who prefer dealing with turbo options are called scalpers.

Scalpers are traders who do quick, instant deals with a small amount of target income. These deals (known as strokes) are accurate, fast, and flat (in terms of profits) like a scalpel cut (although in some literature their workflow is compared to “scalping alive”).

The precise definitions of who scalpers are may differ. But one thing is certain – scalpers are the elite of the market.

Yet in one thing market insiders are aligned: scalping is the fastest way of increasing a deposit (funds on a trading account), and it is suitable for traders with small amount of operating capital.

You may include yourself among scalpers if you work with options that have a short performance expiration time (not less than one minute).

Before we start to describe the most popular strategies for trading turbo options, we should note the specificity of such trading. Not without reason, scalpers are marked as a special segment of market. This group must contend with fairly tough natural selection in the market, because “a slow trader is a dead trader,” as they often say.

That is why before you begin trading turbo options, please read the requirements and advice for traders who have decided to dive into the world of high-speed deals and dizzy trading sessions.

Benefits of trading turbo options

• First, there is no difference between those who trade turbo options and pips-traders (another name for scalpers, as they chase profits equal to a few pips).

You even have a couple of advantages. Let’s take a look.

You would be probably surprised to find that on specialized sites, where scalpers post their results, you can see not only the average profit per deal parameter, but also a the average time within a position. Remember the scalper’s golden rule: one can not “outsit” and must close the deal after some amount of time, despite the current result.So there you have the first advantage – you are automatically limited in terms of deal time.

• The second advantage is the fact that scalpers spend less than 70% on commissions to brokers and stock. Of course there are different kinds of limitless rates and conditions, but they all are bound to turnover (and not otherwise), so a beginner trader would be wise to master them first.

You know your profit in percent before the deal ends, and you will not pay any more.

• The third advantage is the terminal. As a scalper you have a handy terminal so that you spend less time on deal completion and focus more on closing deals. With a regular trading terminal you have to set access properties in order to manage orders by yourself.

Usually scalpers purchase expensive specialized software to get around this. But with IQ Option it is very easy to manage these quick deals: just specify the timeframe and choose the direction, and you’re done.

How to set the best time for trading turbo-options

We figured out that we need simple deal completion in order to successfully manage these fast trades. In this style of trading you have to carefully follow your strategy. That is why many scalpers set semi-automatic and automatic trading, to maximize reliable efficiency for themselves. You can create your robot for trading turbo-options by choosing a strategy or setting your own.

If you trade by yourself, without robot assistance, you should strictly follow your strategy, avoid distractions, and remain vigilant, constantly scrutinizing your account.

Your balance will distract you, and may demotivate you. If you have a couple of unprofitable deals in a row – (take note at three consecutive unprofitable deals) – stop everything right away. You’re down for the count, and the market has knocked you out with no referee. You don’t have to trade in that condition.Work on the market only when you are in top condition. We expect prices to change somewhat by the time a deal is confirmed. And if the price stands still of course, all our forecasts are for nothing. There is no point to such forecasts if the price is static, as realistically there are no sellers or buyers on the market who are able to significantly shift prices by means of sheer volume of purchases (although for some types of assets this is a perfect moment for trading them).

Economic calendar

Daily monitoring of the calendar of upcoming and current economic events. As we trade options we have a great competitive advantage among ordinary scalpers with this information–trading “on the news.” Scalpers can’t do that: small income per deal does not allow traders to prepare for big events; a volatility leap always occurs by the time news stories are announced, and deviation from average prices can be very high. As usual, movement occurs bilaterally and breaks stops. That is why scalpers don’t trade on the news.

The calendar is needed in trading turbo options because it provides a forecast of what events are to occur. For example, the market can be inactive due to holidays, or the upcoming event can be so valuable that markets beforehand will trade with a low activity rate (consolidate).

Intensive movements should not knock you off balance–it is essential to be well informed of the reasons for these movements.

90% of traders dealing with turbo options don’t follow these rules. Later on they become surprised about why their deposits simply vanish within days, like a “donation” to the market.

Risk management in trading turbo options

There is another important hint that nobody mentions. The lower your trading timeframe is, the higher the risk and lower the profitability. Scalpers gain profit from high turnover. It is thought that if 6 in 10 deals are profitable this is a very good result. You simply have no room for mistakes if you have such a low quantity of profitable deals.

Money management. “I just learned this strategy and my money disappeared.” You might see a complaint like this on trading forums online. Make up your mind – did you enter the market to make or to spend money? If you want to make money, then show patience and awareness. Wars are won not just by warlords with their brilliant strategies–victory requires the support of reliable resources. Save your resources. Trust us, if your business improves thanks to scalper strategy, you will quickly build up your deposit. Don’t dare think, “If I increase investments, I will earn more.” Remember, greed bears poverty. Trade minimal sums and have a 10-time margin on your deposit. Make your number of losses not more than 3, with 5 as an absolute maximum, per session. Implement the notion of “stop-trading” is a specific number of losses is reached per day and per week. Always use strategy testers before making deals in the real market.

Training. As psychological preparation with this style of trading, step-by-step training is highly recommended. Take historical data and, without watching the forecast, slowly scroll through the chart manually with a single step equal to one candlestick, make careful decisions, write down your losses, scrutinize the chart attentively, and fixate on profit in your head just to know that it exists. The goal, readiness for different situations that may arise during your trading, is vital.

Traiding Signals 2016-08-08

Traiding Signals 2016-08-08

14.00

 EUR/USD                  Duration  1 h.

 AUD/USD                 Duration  1 h.

 USD/JPY                    Duration  1 h.

7 traits of intelligent people

Have you heard of Quora? It is a question-and-answer site where questions are asked, answered, edited and organized by its community of users. More than 100 people have answered the question “What are the common traits of highly intelligent people?”. We have gathered these replies into a short list of 7 traits which mark intelligent people.

They’re highly adaptable

Several Quora users noted that intelligent people are flexible and able to thrive in different settings. Recent psychological research supports the idea intelligent people adapt by showing what can be done regardless of the complications or restrictions placed upon them.

Intelligence depends on being able to change your own behaviors in order to cope more effectively with your environment, or make changes to the environment you’re in.

They understand how much they don’t know

The smartest folks are able to admit when they aren’t familiar with a particular concept, intelligent people “are not afraid to say: ‘I don’t know.’ If they don’t know it, they can learn it.”

A classic study by Justin Kruger and David Dunning, which found that the less intelligent you are, the more you overestimate your cognitive abilities.

They have insatiable curiosity

Albert Einstein reportedly said, “I have no special talents, I am only passionately curious.”

Research published in 2016 suggests that there’s a link between childhood intelligence and openness to experience — which encompasses intellectual curiosity — in adulthood.

Scientists followed thousands of people born in the UK for 50 years and learned that 11-year-olds who’d scored higher on an IQ test turned out to be more open to experience at 50.

They’re open-minded

Smart people don’t close themselves off to new ideas or opportunities. Intelligent people are “willing to accept and consider other views with value and broad-mindedness,” and that they are “open to alternative solutions.”

Psychologists say that open-minded people — those who seek out alternate viewpoints and weigh the evidence fairly — tend to score higher on intelligence tests.

They’re really funny

Highly intelligent people tend to have a great sense of humor.

Scientists agree. One study found that people who wrote funnier cartoon captions scored higher on measures of verbal intelligence. Another study found that professional comedians scored higher than average on measures of verbal intelligence.

They have high self-control

Scientists have found a link between self-control and intelligence. In one 2009 study, participants had to choose between two financial rewards: a smaller payout immediately or a larger payout at a later date.

Results showed that participants who chose the larger payout at a later date — i.e., those who had more self-control — generally scored higher on intelligence tests.

They’re sensitive to other people’s experiences

Smart people can almost feel what someone is thinking/feeling.

Some psychologists argue that empathy, being attuned to the needs and feelings of others and acting in a way that is sensitive to those needs, is a core component ofemotional intelligence. Emotionally-intelligent individuals are typically very interested in talking to new people and learning more about them.

Do you have anything to add? Noticed any traits that you possess?

What you need to know about trading sessions

Financial exchanges are a 24/5 market. When it is evening in one part of the world and people stop trading, in another part of the world it is just the beginning of the day. Trading sessions follow each other over and over. Depending on the time of the day, volatility for different assets vary.

An experienced trader who knows which assets are more volatile at specific times of the day has a competitive advantage and can trade much more effectively. Comparedto other assets, it is possible to trade currencies 24 hours per day, 5 days a week, with weekend breaks, now we offer Bitcoin as a weekend.

There are four trading sessions:

From the table above we can see that some trading sessions overlap. During such periods there is higher activity and volatility in the market. Many traders like such overlapping periods the most, because they are easier to analyze. Furthermore, at the very start and at the very end of the trading sessions there might be a great deal of movement due to the fact that at the beginning of the sessions there are a lot of traders who want to open a new position and by the end of it a lot of positions are closed in order to avoid risk.

Key features of the trading sessions:

Pacific trading session:

The foreign exchange market starts with the Pacific trading session at 21:00 GMT. The key feature of the Pacific TS is that it is the least volatile, and massive price movement should not be expected.

Experienced traders try to refrain from trading during this period of time, but they keep analyzing the market, checking whether the historical and psychological levels are broken or not. These traders usually avoid trading in high volumes during the Pacific TS as trading movements are harder to analyze.

During the Pacific trading session, such assets as AUD/USD and NZD/USD are the most popular as both AUD and NZD are the national currencies of Pacific countries.

Asian:

At 23:00 GMT the Asian session starts. The Tokyo stock exchange is the first to open and an hour later the Singapore and Hong Kong markets open as well. Activity on the markets increases.

The most volatile currency pairs are those with JPY – USD/JPY, EUR/JPY, GBP/JPY. Also,EUR/USD and AUD/USD should be taken into consideration, usually the Asian session is the one that sets the day’s trends.

The most volatile period of the Asian TS is closer to the end of it, yet in general the market is pretty quiet during the Asian TS.

European:

There are many financial markets in Europe, but the most important of them areFrankfurt, Paris, Moscow and London with some 30% of the total volume of the financial markets.

The important feature of the European TS is that it overlaps with the Asian trading sessions in the morning and overlaps with the American trading session in the evening. Despite the fact that the volatility increases there is no aggression in the market.

During the whole trading session there is quite high volatility and the amount of assets available for trading is high. Currency pairs with EUR, GBP and CHF are the most popular during the European TS. For example, EUR/USD, GBP/USD, CHF/USD,EUR/JPY, GBP/JPY.

American:

Another important trading session, the American TS, starts at 12:00 GMT or 13:00 GMT, depending on daylight savings time. It is important to keep in mind that theAmerican trading session is not only the United States, but also Canada and Brazil.

The American trading session is very volatile and aggressive because market participants pay too much attention to the published news. During the American trading session the actual trend can change easily. Key economic news is announced between 12:00 and 14:00 GMT, and news has a massive impact on currency conversion rates.

There is a high trading activity during the American trading session. The majority of traders pay attention to those assets that involve either USD or CAD and volatility on assets with JPY increases as well. Those who enjoy trading on rapid rate movements often trade on such cross-assets as GBP/JPY and GBP/CHF.

The key to success in trading in financial markets consists of several important factors. One of the key components to successful trading is the ability to act and trade correctly during different trading sessions. The specifics of trading during different trading sessions will allow the trader to use his time and resources effectively and efficiently.