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However, just because you can trade the market any time of the day or night doesn't necessarily mean that you should. Most successful day traders understand that more trades are successful if conducted when market activity is high and that it is best to avoid times when trading is light. Here are some tips.

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Events to watch in the US and AU. This coming week, Australia will witness the RBA Interest Rate Decision announcement by the Reserve Bank of Australia. The forecast is slated for no change in the interest rates. Any decrease in the rates from 2 may.

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The problem with this is that you never really know why a trade has been successful or not and your learning curve suddenly grinds to a halt. Be ready to dedicate the time. Contrary to what some e-books might promise, trading isnt a get rich.

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