How To Trade Forex If You’re Busy
No time for forex?
Come off it.
It’s just a question of finding a way to trade that fits into your schedule.
I’m not talking about working longer hours than you already do, either.
Busy people can still trade forex.
And I’ll prove it to you by setting you a challenge…
If you’re like me at 10 pm every night you sit in front of TV for the 10 o’clock news.
Slouching on the sofa, getting all depressed before bedtime, hearing the news stories repeated over and over again.
At least that’s what I used to do.
Not anymore.
All I do now is listen to the headlines for a minute, then turn my TV off and take direct action.
You see, 10pm is a significant time in the world of forex.
It’s 5pm New York time. And this is the end of the main trading day in the US financial markets.
It’s also the daily close for world forex markets.
Yes, you’re right: forex markets don’t actually close – they’re 24 hour markets on weekdays – but 5pm New York time is the time daily bars end on forex charts, and the next trading day starts.
It’s where one day ends and a new one begins in the world of forex.
This is why it is such an important time to check the forex charts for trading opportunities.
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Why 10pm is a key time for forex profits
So, here’s the challenge…
Instead of depressing yourself with the 10 o’clock news, do something constructive instead.
When you know what to look for, you can scan the major markets and place trade orders well before the end of the news.
15 minutes is about right. You can then leave the world of forex until you hear Big Ben chime the next evening.
I know what you are thinking. How can this be possible?
Well, you see it all depends on the timeframe you trade.
Some people trade very short timeframes and watch 5 minute candlestick charts.
This means they have to watch their screen all day or at least for a few hours at a time.
Other people may trade based on 1 hour candlesticks. They have to check the chart at least once every hour.
But if you trade based on daily candle sticks charts, you only have to check the charts once every 24 hours.
And the best time to do this is 10pm London time.
Secrets of Forex Success
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Get forex tutorials straight to your inbox by joining our FREE e-letter, Forex Round Up! Plus as a thank-you for joining you'll get instant access to the Secrets of Forex Success video tutorial series...
I respect your privacy and will never pass on your email address to anyone else.
If you fix this time to do this, it’ll become a new habit and you’ll be more likely to stick to it.
Just like watching the 10 o’clock news is a habit, instead you can shake that off and turn on your laptop for a few minutes instead.
Sure your family will think you have gone nuts at first, but it’s worth it – you’re taking action for your future.
Plus, you may feel better not depressing yourself with all that bad news just before bed too.
Especially when you could turn on your laptop and see the profit you’ve made.
So, next time, I’ll show you exactly how you can set up your 10pm chart and start hunting for some easy profits.
UPDATE: To discover the system I use to spot 10 0′clock trades check out my Newsnight Trader System
