Forex End Of Day Trading Is Easier Than Intraday Trading
Forex End Of Day Trading Is Easy
Forex End Of Day Trading is a lot easier from a trading standpoint than looking at the markets for hours looking for Intraday trading opportunities. Intraday trading demands you to be a very active trader. You need to multi-task, watch many price charts at the same time and make decisions about getting into trades or managing trades very quickly. If you are an adrenaline junky… this type of trading is for you.
The problem is, more often than not success depends more on the trader than the system. This makes it very hard to learn an Intraday trading system and get similar results to a more experienced trader. And few traders can handle the stress long enough to develop the experience necessary to get the best results.
On the other hand, Forex End Of Day Trading is substantially easier. You can take your time looking at the charts and make trading decisions based more on solid reasoning than gut feelings. When you trade a solid trading strategy while looking at the charts only once a day, it is very difficult to make a trading mistake since you are under less time pressure. (This does not mean all trades will be winners… but your trades are more likely to win since you are using proven strategies instead of emotions).
The same goes for managing trades. You can keep a cool head and manage trades based on the trading rules rather than emotions like fear or greed.
In the end, Forex End Of Day Trading is a lot easier and less stressful than Intraday trading. This makes this a great choice for traders who understand Forex trading is a long-term activity… and not a get-rich-quick gimmick. Trading should be systematic and something done for a short time every trading day if you want to last for the long haul.