Hi,
I am a newbie but playing with forex demo more than a year or two. Trying different strategies without any real plan and dedication, behaving like a teenager even though I am pretty old and have lot of responsibilities in life. My 8 year old daughter thinks that I always play computer game (FX), my college going daughter thinks that it’s my obsession and my wife thinks that this is my online affair and ruining our marriage. In her opinion, If I used half of this time, I could have my PhD by this time. I have come to a point that I started thinking that I have wasted a lot of time which I could use for some other good work. Since I am generally successful in my professional life, it’s my ego which is stopping me to quit. So, I want to try it one more time but this time seriously and methodically and this is my promise to myself. Also, I am not that naïve to think that I will make thousands with $1000 in a year. I will start live only when I will be comfortable and with the money I am ready to loose.
If you have given me company this far, please hang on a little bit more. I want to thank you for your time and I will appreciate any comments (including sarcastic one)…
My Constraints: Even though I sit at computer almost 11/12 hours a day, but my effective chart time is at the most 1 to 2 hours and that is in between 7 PM and 11 PM (US PST)
1) Since I can not sit at computer most of the time, I think I should not look for a time frame lower than the 4 hr. What time frame, you think would be the most suitable for trading in PST zone between 7 PM and 11 PM?
2) What currencies will have a better trading opportunities during that time?
And finally,
3) I need your suggestion (including pointing out a system thread in this or other forum) about a system that will be most suitable during this period of time?
Thanks again,
FX_California
I am a newbie but playing with forex demo more than a year or two. Trying different strategies without any real plan and dedication, behaving like a teenager even though I am pretty old and have lot of responsibilities in life. My 8 year old daughter thinks that I always play computer game (FX), my college going daughter thinks that it’s my obsession and my wife thinks that this is my online affair and ruining our marriage. In her opinion, If I used half of this time, I could have my PhD by this time. I have come to a point that I started thinking that I have wasted a lot of time which I could use for some other good work. Since I am generally successful in my professional life, it’s my ego which is stopping me to quit. So, I want to try it one more time but this time seriously and methodically and this is my promise to myself. Also, I am not that naïve to think that I will make thousands with $1000 in a year. I will start live only when I will be comfortable and with the money I am ready to loose.
If you have given me company this far, please hang on a little bit more. I want to thank you for your time and I will appreciate any comments (including sarcastic one)…
My Constraints: Even though I sit at computer almost 11/12 hours a day, but my effective chart time is at the most 1 to 2 hours and that is in between 7 PM and 11 PM (US PST)
1) Since I can not sit at computer most of the time, I think I should not look for a time frame lower than the 4 hr. What time frame, you think would be the most suitable for trading in PST zone between 7 PM and 11 PM?
2) What currencies will have a better trading opportunities during that time?
And finally,
3) I need your suggestion (including pointing out a system thread in this or other forum) about a system that will be most suitable during this period of time?
Thanks again,
FX_California