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Dear trader, Intra-day trading the Forex market is a tough business. The majority of intra-day traders lose money, and the reason for that is because of poor trading timing. Most of the traders think that following a successful system is enough to make money in Forex, but that’s far from truth: you must have a successful system and you must trade it at the right market timing! The key-words here are volatility and momentum… If you have the momentum on your side you can successfully trade Forex in just two hours per day!
"Volatility" is often regarded as a negative word in the Forex lingo. Let’s face it: most people fear volatility. They think volatility equals to unnecessary risk, even gambling! But let me actually turn that around: there’s is nothing more dangerous for an intra-day trader than a flat market lacking any momentum whatsoever! And here is why: the longer a trade crawls around without taking off in your direction, the greater the chances that such trade will fizzle away mid-way through! You want to have a high momentum wave backing up your trade to push it forward towards your final target! That’s why timing your entries properly is crucial for short-term traders…
Volatility, momentum and market punch is a good thing for an intra-day trader. Let me repeat that because it’s indeed important: momentum is a good thing! And if momentum is what you are after, there is one particular time of the day you want to consider trading…
If you’re anything like me, you like concise answers – that’s what you’re here for. Let me give you those answers without any further rambling:
What to trade: Slow-moving currency pairs are the bane of intra-day traders. We want market action, we want fast-accelerating currencies and above all we want currencies that deliver the punch! And if there’s one volatile currency in the Forex world that’s the Sterling Pound. Indeed, all of its crosses (GBP/USD, GBP/JPY, GBP/CHF, etc) can easily swing for over 200 pips any day of the week. That’s why the London Forex Rush system trades only and exclusively the Sterling Pound currency pairs.
When to trade: It is a proven fact that most currencies, especially the Sterling Pound crosses, pour in their largest daily moves within the first two hours of the London market. That’s when the Forex market scores its highest trading volume levels… and that’s when you want to grab your piece of the cake!
The powerful London Forex Rush system captures with razor-sharp accuracy those explosive early morning moves! But the best part of the deal is that there is no need to stare at the charts all day long. The London Forex Rush system only trades the first two hours of the… Read more…
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