Monday 8 December 2008

Ultimate truths - 1



I have intra-day traded the forex for years. There are a few key elements for success.

Timing is everything. I keep meticulous records. The most profitable time to trade is the NY morning session. At this time both London and NY are active. I have increasingly avoided the London morning session. This is mainly because it is notorious for reversals.

Sill Secret #1: Only trade the NY morning session. The only exception to this is to AVOID the US employment data release Friday. Don't flash up the computer - go away and do something else.

Morty Sill
London

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