FX trading can be highly profitable for the disciplined mind whether as a day trading vocation or swing trading position taking over several days.
The most Profitable Hours for FX trading are the Euro session prior to New York cut. In these hours are the greatest depth and liquidity and volatility. You cannot make a profit if a price doesn't move. Usually key US economic announcements start early morning US session and at the back end of the Euro session. All the jockeying for positions takes place prior to a key US announcement. So if you are going to trade forex I would suggest to track the Euro session to the US session opening 1hr. If you track the session volatility for about a month it will become evident that price movements occur rapidly nd therefore you can make money on a good trade. Outside these hours the forex markets tend to drift as the buzz and excitement dies away.
The key to a good trader is consistency. When things go wrong do not waver. Apply your formula for success and markets will change direction as surely as the wind does.When there is volatility the markets can change on a dime so you are not always going to carry a good trade. But with consistent application in the long run you will have more good trades than bad.
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