Hi,
On completing babypips tutorial it is pretty evident that as I work 7-3 everyday I will struggle to day trade the London session properly. Although I can check my phone, during those times I just can’t sit at a laptop for hours.
Anyone in U.K. that just trades forex from 3pm onwards? If so could I ask what Trades you aim for when doing so?
I’m wondering if swing trading the daily’s is my only option, Shame as I have been given a strategy that works well on market open for day trades.
Cheers
Not only is swing trading your only option. It’s your best option.
The daily charts have less noise, require less work and are less stress than anything intra day.
Taking a step back from all the noise you can get to take in the larger macro scene than rather just being a wack a mole charting addict so common of day traders.
Thanks for the reply, are there any pairs that are better suited to those times in afternoon/eve or is it just a case of looking around for entries on all of them?
If you plan on trading daily charts you can pretty much look at everything.
If your thinking of what’s moving afternoon GMT your looking at the new York open I guess - so some pair with the USD in it.
If your trading CFDs you could catch the US stock market close which can be profitable
Personally though I would suggest the daily timeframe for beginners
I think swing trading is surely a good option for you. Even the daily charts have less noise.
You can surely go with swing trading if it works well for your trade. Good luck.