Too many Forex traders think the only way to make great profits trading is on the Intraday time frames. But the truth is, there are many benefits to Forex End Of Day Trading and using the Daily charts.
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Hello, my name is Edward Lomax… Owner and Head Trader of Forex End Of Day Signals.
After years of struggling to make consistent profits using thousands of indicators, hundreds of systems and too many services to count… I finally made the fundamental shift to being an End Of Day Trader.
It was this shift to trading off the Daily charts (plus smart money management), that turned my trading around and allows me to be a consistently profitable trader… without spending hours in front of the computer, without building up stress and without hopelessly jumping from one thing to the next.
I’d like to tell you some of the benefits of becoming an End Of Day Trader…
Don’t Be A Market SLAVE!
Most of us get into Forex trading because we want to make the kind of money that allows us to improve our lives. But what normally happens is we become slaves to trading and the market.
Long hours, lots of stress and frustration are what follows. Pretty soon, we figure out we are getting exactly the opposite out of trading than we wanted. Trading the DAILY charts fixes this problem.
EOD Is Easier Than Intraday!
The truth is, End Of Day trading is a lot easier than trading off the Intraday charts. You can take your time looking at the charts since you don’t need to make decisions on the fly. And the charts themselves are more reliable and give a better representation of the market and what it might do.
Trading is hard enough… but using the Daily charts makes it a whole lot easier.
EOD Is More Efficient Than Intraday!
End Of Day trading is more efficient than Intraday because SPREAD is less significant. When you pay 3 pips spread on a Intraday trade going for 15 pips… you end up paying a huge % to your broker. On the other hand, 3 pips is a very small % when going after 400 pips.
PLUS, you can trade a wider variety of currency pairs because spread is not an issue… giving you more opportunities to make profits.
EOD Is Just As Profitable Intraday!
Many trader wrongly believe you need to trade on the Intraday charts, have an extremely tight stop and a high winning % to be a highly profitable trader. But how many traders can really pull this off?
On the other hand, EOD trading can be very profitable with a resonable win rate. The point is… EOD trading makes life changing profits a real possibility.
To download the full Forex End Of Day Signals 2011 Performance Report, please go to:
U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this video. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.