The American-based CFDs get hot exactly at 9:30 a.m. eastern time (New York time), Monday through Friday except for major holidays like Christmas and New Years.
The CFDs based in France, Germany, the UK, Japan, Australia, etc., all get hot at the exact moment the “market” opens for their respective CFD as well.
And that is as close to a stone cold guarantee as you’ll ever get in trading.
You see, these CFD’s are actually traded around the clock, just like Forex pairs, in what is called Off-Market or After-Market Trading.
But at 9:30 a.m. eastern time, when the actual indices markets which are based in the United States open for business, the volume on the S&P trades, for instance, rises ten-fold or more.
This can and does translate into moves of 5, 10, even 20 points on truly volatile days.
And just so you know, a “point” move in Indices equals a 10 pip move in their Forex version.
That means you could be looking at 50, 100, even 200 pip moves in the first few minutes of trading after the markets open at 9:30 a.m. eastern.
No more wasting hours in front of your PC or staring at your phone, waiting for something to happen.
At 9:29 a.m. eastern you need to be ready to trade, because the markets are just seconds away from being open for business, and some significant price moves will probably be there for the taking.
Just because you’re a “day trader” doesn’t mean you should be forced to spend all day in front of your charts.
Trading CFDs gives you total control over when you trade and frees up the rest of your day to focus on the other things in life you find important: family, friends, hobbies, hell, even taking 3 hour naps in the afternoon if that’s what you enjoy.
Comments
Post a Comment