August 3, 2010 in Finance (F)
[prMac.com] Singapore - CodingTrader has released Forex Hours 1.3 for iPhone, iPod touch and iPad. Forex Hours provides a quick overview of the status of major forex markets in the world together with their local times. At those overlapping trading hours it is likely you will find the highest volume of trades and therefore more chances to win in the foreign currency exchange market. Each status is updated in real-time thus no refresh is required.
The forex market is available for trading 24 hours a day. However, this doesn't mean it's always active throughout the whole day. Most successful traders understand this and choose to trade during times when market activity is high and avoid times when trading is light. Spreads are tighter during these periods and currency movements backed up by high trading volume are more likely to follow through.
The first hour after a major market opens is considered very important and often indicates how the session might develop and this is illustrated in the application for easy reference. This application assumes local trading hours of 8:00 AM - 4:00 PM in each Forex market from Monday to Friday excluding holidays as most participants trade between these times in their local time zone.
In this latest update of the application, an indicator is included to display the remaining time before a market open/close.
Rating: 5/5: "Very useful application for beginners like me. I use economic calendar and often get confused by the different time zone. This application solves my problem. Will there be one for the various stock markets? I will definitely get the stock markets if you guys create it." - Candice Smith (US App store)
Rating: 5/5: "Thank you for this!" - StephoooO (US App store)
* iPhone, iPod touch, and iPad
* Requires iOS 3.0 or later
* 0.1 MB
Pricing and Availability:
Forex Hours 1.3 costs only $1.99 USD (or equivalent amount in other currencies) and is available worldwide exclusively through the App Store in the Finance category.
CodingTrader is a company based in Singapore, comprising of a small group of coders/traders. Our core business is in development of trading systems for our own trading. We also provide coding service for automated trading systems/indicators for various trading platforms and sells trading software. Copyright (C) 2010 CodingTrader. All Rights Reserved. Apple, the Apple logo, iPhone, iPod and iPad are registered trademarks of Apple Inc. in the U.S. and/or other countries.