What is a Day trade in Forex, if technically Forex is a continuous week of trading?

To answer that question we do not need to delve into the nature of human circadian biorhythms. One has to be arbitrary. We can effectively define a Forex day trade as a trade that is completed during the waking hours of a trader.

A day trade might also be considered a trade initiated and completed within the trading hours of either the Asian, European, or United States equity markets. One more criteria for calibrating when your Forex Day trading starts can be when you grab that first cup of coffee! Your State of Mind is a Critical Factor One of the differences between a beginning and a more experienced trader is their mind-set.

In the mind of the beginning Forex trader is the ever present thought: What should I trade today? How do I get my 10 PIPS? In contrast, the more experienced Forex trader is looking to answer a different set of questions- Which pair offers the best opportunity for a winning trade?

The beginner wants to jump in, score and get out. The more experienced Day Trader ... more.

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