Hi, I am a fairly new trader in Forex, with great passion for the market. I am currently having some trouble with developing a strategy for myself though. I am a recent college grad, with a full time position as a financial planning analyst with minimal time on my hands.
I really want to get into trading the forex market seriously but cannot be sitting infront of the screen for 8+hrs a day. I can definietly spend at least an hour a day researching perhaps a little more, but I want to put in a trade a day. I know this will almost be like flipping a coin and I should probably look into trading ETFs but I like the spot fx trading platform and perks much better.
Can I look at long term charts weekly, daily, and maybe soemtimes hourly to execute a trading strategy consisting of one trade a day on a currency? Is this even possible? Or is there just too much volatility in themarket to do this with such minimal time. Does anyone have insight on a longer term trading stategy rather than a short term? Please help. Thanks.
-dmc
I really want to get into trading the forex market seriously but cannot be sitting infront of the screen for 8+hrs a day. I can definietly spend at least an hour a day researching perhaps a little more, but I want to put in a trade a day. I know this will almost be like flipping a coin and I should probably look into trading ETFs but I like the spot fx trading platform and perks much better.
Can I look at long term charts weekly, daily, and maybe soemtimes hourly to execute a trading strategy consisting of one trade a day on a currency? Is this even possible? Or is there just too much volatility in themarket to do this with such minimal time. Does anyone have insight on a longer term trading stategy rather than a short term? Please help. Thanks.
-dmc