At MarketClub.com, we cover the Forex markets with real-time streaming data, but trader's blog members often ask which is better: Day Trading or End of Day Trading the Forex markets. To help answer that question and answer ANY other Forex questions you might have is Bill Poulos. Bill's developed an amazing Forex Income Engine 2.0 course (goes live at 10am today), and has decided to give us one more post and clear his schedule to answer any and ALL questions you might have for him! Please comment below with your own thoughts on which is better for Forex trading and your own personal experiences!
Forex traders often ask: “Is it better to trade the Forex markets on an end of day basis (with daily charts) or a day trading basis (with 5, 10, 30, etc minute charts)?”
There is no right answer to this question, as I believe it depends on your individual circumstances, preferred style of trading, amount of starting capital, and volatility in the markets.
Let’s take these one at a time.