What to trade after work?

[wroblewsk]

Hello everyone.

I've been researching trading for a while now, and reading everything I can get my hands on. My goal is to become a day trader for a living, however, before I can quit my job and go full time I need to learn to trade successfully. Due to having a job, I need to figure out an instrument to trade after work. I live on the east coast in the US, so this would be anytime after 17:00 EST. Eventually, I'm hoping to get into trading index futures, mainly the ES, YM, and NQ, but for now anything with good volume will do. My plan is to sim for a while until I can figure out a good system to trade and then go live until I'm convinced that I can make it as a trader. What I'm asking for is some help on figuring out what instrument to trade, any suggestions would be greatly appreciated...

Thanks in advance.

-Andrew

 

[Rhody Trader]

For after work trading you're probably going to see the most consistent day trading opportunities in the forex market. It's still the only market which is truly 24 hours in terms of volume and activity.

Of course you can trade other markets in a swing type of fashion so long as you have a strategy whereby you can specifically pre-determine entry and exit points and leave those orders to work during the day when you're not in front of the screen.

 

[TomTom]

trading fter work is like been a part time boxer going in to a fight with a profesional, the route is allready mapped out.
But good luck in this venture as your going to need it.

Its like fishing, you can be there for 10hrs see nothing and when you go for a pi** a whopper comes and gets away.

Trading as all about timming, timming, timming and direction with lots of luck if your to become truely independant.

I would rarther be a lucky trader than a skillfull one any day.

 

[dcraig1]

There's plently of markets besides forex with liquidity outside US market hours.

eg stock index futures -

Australia: SPI
HK: HSI
Nikkei: take your pick from 3 different sized contracts
Korea: K200
Taiwan: STW

Europe:

DAX
ESTX50
BUND
FTSE

etc etc

No shortage of volatility in some of these too.