I tend to stay up late (approx. 3am GMT) and wake up late (approx. 12pm GMT), getting on average 9 hours sleep. How would this, in your opinion, negatively impact my Forex trading? I am residing in GMT zone.
Of course I have a some idea but I'd like to hear from you.
What's that saying...? "If you don't make money while you sleep, you will work until you die"!
I have tried putting in entry orders at particular levels where I reckon the probabilities are with me. This has worked numerous times, but it has also went horrifically bad on a number of occasions. I am spread betting and I have been dragged into trades (and stopped out of trades) because of the ridiculous widening of the spread. It's just too risky. Granted some of these horrifically bad entry order trades were on less liquid markets. Perhaps I can give it a try again but only do it on the majors...
I have also decided that I will learn how to write code (Python) so I can make automated systems. This will be further down the line though as I have my hands full with learning the rest of the aspects of trading. I have started some HTML but I haven't even finished that yet. And that's far easier to learn than something like Python, or worse again, C++
I don't understand why you should change your lifestyle, especially a sleep-wake cycle in order to adapt for a trading session. You can use stops or change the trading session. There will be no good if you are always tired and sleepy.