I feel I am nearly ready to start with a live small account. So far I have been working night shift so I am home the whole time the market is open as I start work at 4pm....which is 6pm eastern time. But I hat emy job and am looking at other opportunities.
I am wondering if its possible to trade on day trends instead of day trading? just place a trade with a stop loss and limit and go to work and come back from work hopefully with a profit.
Or is it possible to trade at night? I know its a 24 hour market...but new york market closses at 5pm and im in canada so im not sure.
I am also concerned with the rates that apply when trading overnight....I have read about service rates and stuff of like 4% but that seems extreem for 1 day overnight....and aparantly It is also possible to gain money by trading overnight on certain currencies but I dont quite get it.
Any info would be appreciated. I would like to get a day job but I want to continue trading and learning at the same time.
Eric G.
I am wondering if its possible to trade on day trends instead of day trading? just place a trade with a stop loss and limit and go to work and come back from work hopefully with a profit.
Or is it possible to trade at night? I know its a 24 hour market...but new york market closses at 5pm and im in canada so im not sure.
I am also concerned with the rates that apply when trading overnight....I have read about service rates and stuff of like 4% but that seems extreem for 1 day overnight....and aparantly It is also possible to gain money by trading overnight on certain currencies but I dont quite get it.
Any info would be appreciated. I would like to get a day job but I want to continue trading and learning at the same time.
Eric G.