forex

Forex Trading on the West Coast

Trading forex in the pacific time zone can be challenging for someone looking to trade as a profession. All those damn important fed meeting all take place on the east coast! What’s so great about the east coast? I don’t know, I’m yet to be convinced.

So what’s a west coast trader to do?

First off, you gotta adjust your sleep schedule. If you like to trade news, or trade during the news, you gotta be awake and alert. And I don’t mean awake because you just had 5 cups of coffee or 2 rock star energy drinks. You need to be naturally awake and alert to trade well.

Divide and conquer

The first thing you need to know is: What the hell is PST to GMT? It’s minus 8!

Nearly all forex related events are going to be listed in GMT time! Why? Hell if I know. Stupid Brits gotta a lock on the GMT thing.

So, if its a 13:00 (military time, gotta know that too!) event. 13 - 8 = 5am PST!

It’s quite easy, but just remember, if you trade PST its minus 8!