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 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...
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