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Momentum day trading has to be the best game in town right now. All this volatility
is giving day traders a real boost.
What I like as well is the way that the action is there from 7am-9pm GMT. You
trade the currencies first and then switch to the US market. Everything is linked
together anyway. Take yesterdays move.
The currencies moved in the morning and took the S&P futures with it so
when the US opens you already have a feel for whats occurring and profits in the
bag.
The US traders have just woken up and are presented with a move that has been
going on for some hours. Being a day trader in GMT time really gives you an edge,
you can trade the action all day. The US traders wake up and half the move is
over.
Look at the S&P futures yesterday in the chart below. Notice how the move
started at approx 7am and ran all day until just after 9PM. As a GMT trader you
had the whole move, you're trading at the best times of the day.
Now of course US traders think the world revolves around their market and of
course a lot of the time that is correct but gradually things are changing and
with more volatility in the currencies yet to come more and more day traders will
work out that its an all day game and UK traders are uniquely positioned to play
it.
I've just written arguably the best day trading course for some professional
traders overseas, They have woken up to the fact that this new way of extended
day trading is the way forward. (Its a special one off course.) This is what I
do. Traders come to me and want something unique to them so I put it together
for them.This believe me is something special, its whats occurring right now in
the markets.
It's a two day course that puts FX day trading and US day trading together and
makes it the definitive day trading guide for this brave new volatile world. As
you guys take the trouble to read this blog I'm giving you the first chance to take
this course between now and the end of August. It costs £1495 for two days and
is the definitive day trading guide for today's current market.email me at alanrichtrading@aol.com to book.
Believe me my courses are trading courses about how to get the best out of moves
not general information courses like so many others are.
The chart below shows how yesterday the move ran all day between the black arrows.
Did you trade it or just watch it? call me now to make yourself a better trader.
Be proactive otherwise you will continue to see moves slip away from you.
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