I am looking into FX trading, doing reading now, to be followed with some on-line courses and demo account/paper trading. Largest % of trading is based on London trading time. What negatives do I face if I trade based on NY trading hours???
Thanks, Jon
cjrsouth Wrote:I am looking into FX trading, doing reading now, to be followed with some on-line courses and demo account/paper trading. Largest % of trading is based on London trading time. What negatives do I face if I trade based on NY trading hours???
Thanks, Jon
Firts consider that week sarts at 6:00 Am Sydney Time and ends at 11:00 GMT time.
So you should consider set up your alarm clock for trading at around 2 Am -3 AM EST. Just If you do not want to miss some nice moves indeed.
Our daily routine here starts at 8:00 AM with BUND open and after closing US Mkts and other thinghs to check, very often ends at Midnight and never before 22:15 PM
I look for intraday moves at 2 Am -4 AM EST 8:30 Am EST and 9:30 Am -11:00 AM EST. You have to sleep sometimes. Regards Helgo
fabrizio Wrote:Firts consider that week sarts at 6:00 Am Sydney Time and ends at 11:00 GMT time.
So you should consider set up your alarm clock for trading at around 2 Am -3 AM EST. Just If you do not want to miss some nice moves indeed.
Our daily routine here starts at 8:00 AM with BUND open and after closing US Mkts and other thinghs to check, very often ends at Midnight and never before 22:15 PM