Are 24-hour futures markets the best for full-time intraday traders?

Quote from WmWaster:

Are 24-hour futures markets the best for full-time intraday traders?

Hi.
I'm a technical anylst and trend follower

I just wonder if (nearly) 24-hour futures markets are the best places to trade (eg forex futures markets).

As I intraday trade, the same amount of money can be re-used frequently. So the longer time I can trade the more opportunities I can catch to make gains.

Based on this logic, it seems 24-hour market is much more attractive to me.

Any opinion?
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Look to volume to tell you when to trade ... never trade thin markets.
If you do not pay attention to volume, then make today the first day that you include vol studies in your decision making.
If you trade forex, then make today the first day that you switch to futures.
 
Quote from def:

There is always a marke/exchange open. Why limit yourself to one product?
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Data feed needs money.
And one cannot watch different markets at the same time, so it seems to be best to concentrate on a few potential ones!

What do you think?
 
Quote from murray t turtle:

=============

Ks96, good points.

24-7 works fine;
just not for long term trends,
or medium trends.

True that you can go without sleep for ;
short term ,
& even if you give up all the profit to your medical Doctor, at least you got to live 24-7 short term:cool:

Also you would have to change your name from ''daytrader'':cool:;
free country , have at it. Some include Asia, but not 24 hours.
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I think no one will trade 24 hours unless they wish to suicide! :D
 
Quote from hardyards:

Look to volume to tell you when to trade ... never trade thin markets.
If you do not pay attention to volume, then make today the first day that you include vol studies in your decision making.
If you trade forex, then make today the first day that you switch to futures.
More...

The only thing I'm worried about 24-hour market is whether they will have momentum at any time (so I can catch any profitable short-term trend).

So does the forex futures market usually go up and down all the time, or just move sideways for most of the time?
 
Quote from Ebo:

Why don't you look at a FREE chart and then ask semi-intelligent questions!


http://www.dailyfx.com/FinanceChart.html
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But it just shows the most recent part for 1/5min charts. I can't look back its historical data. A small part of a day doesn't mean anytihng statistically. And it could be time-consuming to wait and watch the forex for over 1 month without trading.

I think someone might know the answer, so I can learn form them! ;D

Anyway do you know if there're any places which provide historical intraday data?
 
Quote from SethArb:


I would prefer to trade in a different time zone

but for now am not moving so during the week
I sleep in the hours people usually are awake
mid morning - early afternoon
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You should move to europe, it's a very nice timezone for trading the U.S. markets.

They open at 3.30pm CET, so you have the whole morning free for other things.

The lunch break is from 6-8 pm, you can have dinner then. This means it's also possible to work at "real" job during the day and just trade the afternoon session. The markets close at 10pm CET, so you can even hit the clubs afterwards. :cool:
 
Then again, trade US futures from Hawaii. Done with work around 9 or 10 am. Go play in the ocean all day, early dinner, and then to bed.

great if you are a surfer, windsurfer, etc.
 
Quote from Amnesiac:

You should move to europe, it's a very nice timezone for trading the U.S. markets.

They open at 3.30pm CET, so you have the whole morning free for other things.

The lunch break is from 6-8 pm, you can have dinner then. This means it's also possible to work at "real" job during the day and just trade the afternoon session. The markets close at 10pm CET, so you can even hit the clubs afterwards. :cool:
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A typical example of perfect life :cool:
 
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