My Favorite Forex Day Trading Strategy (it’s taking place at night!)
Forex trading can be a complex way to make boatloads of money quickly. By finding a strategy that works you can learn how to make the money you’ve always thought possible by following your own rules. Within you’ll learn about one successful trader’s techniques, why they do it and how it could be the perfect strategy for you.
- I am a strong proponent in the idea that you must adapt your trading to the session you intend to trade.
- In fact, you most likely wouldn’t get any success trading a New York session trend continuation play in the Asian session.
- My favorite Asian session Forex day trading strategy usually takes place around the opening of the Tokyo session (7:00pm EST).
“One thing I really want to point out is that this strategy will work only when a range (consolidation) forms prior to the open of the Tokyo session. If price isn’t consolidating, this strategy can’t be used. In these cases, other strategies can be used.”