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Questions and StoriesCategory: QuestionsHow Many of You Trade Forex Using EOD (End of Day) Approach?
Eric M. asked 3 months ago
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11 Answers
LuckScout Staff answered 3 months ago
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Gareth White answered 3 months ago

I use the luckscout every now and again when a trade setup presents itself – fairly consistent results

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Eli Davis Keinamura answered 3 months ago

Yes,I follow the closing day candlestick, to see any change of market from either buyers or sellers and see who has taken the day ,the winner.

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Ahmad Khasan answered 3 months ago

I have not trade forex using daily chart.

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Leno Jean Pierre answered 3 months ago

I used to trade daily candlestick .After reading many articles I realized that higher time frames is more profitable for me due to the lack of knowledge and time, So I quit daily trading.

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Jackson Mugarura answered 3 months ago

If I’m to trade in currency markets, I would not trade E.O.D, neither would I advise anyone to use it. I understand it’s easier to make a loss while trading E.O.D than taking a position that has formed after a long time like monthly. But I’m just started learning currency trading of recent and I’m yet to start trading.

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David Matlala answered 3 months ago

I’ve never used E.O.D and I won’t be using it anytime soon despite claims that it’s easy and profitable.

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Gareth White answered 3 months ago

Quite right David – only use a system that is right for you. you have to believe in it otherwise you will question all of your trades and close positions early etc.

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Nnaemeka Victor answered 3 months ago

I AM PRACTICING THE USE OF DAILY CHART, HOPING TO ACHIEVE MASTERY.

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Leno Jean Pierre answered 3 months ago

Trading forex using EOD approach can be profitable if you understand how it works, I have tried if several times but unfortunately I couldn’t make any profit so I quit it.

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Leno Jean Pierre answered 3 months ago

EOD appraoch is good if you understand how it works. I don’t use it for trading, I use bollinger bands strategy that I am mattering every day.

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