I only wish to give a brief update here about the Freedom Rocks system. Essentially things have been a bit slow in my accounts. The weekend has just been and gone and this is the only brief respite in the forex market. But BRIEF it is and I appreciate that it actually exists.
One of the reasons I was interested in the Forex market initially was because I was told it was a 24 hour 7 day a week market, but then if that was the case it meant 24 hour 7 day monitoring too which is too much, especially for me – a hobby investor.
But luckily it isn’t the case. It is fairly relentless, but the market has times when the time zones permit a bit of piece and quiet. Sometimes during the week there are times when NO markets are open, but most often when there is a market open there is just the one. Occasionally there are two markets open simultaneously, typically as one market is closing down for the day and the other is just gearing up. And for a brief time each day there are three major markets open at the same time. But, as I say, only for a brief time.
So it is with a little relief when my Saturday morning comes along, because that coincides with the last few hours of the last market to be open before weekend proper, the US market. I check my Freedom Rocks accounts, see if any limit buy or sell orders have been triggered. If so, I take that information to Freedom Rocks’ Portfolio Managers and get new instructions on what to do next. It is a five to ten minute job and then I relax for the rest of the weekend… and then some.
Tokyo doesn’t open until halfway through my Monday, and then of course it will take a little time for any action there to rev up and have some impact on the state of the various currencies, so as far as I have observed I have my Saturday, Sunday and usually Monday off. I still check it on a Monday of course, but usually I don’t have to take any new action until at least Tuesday. So it isn’t really intense or stressful at all.
I began this entry about the Freedom Rocks system with the intention of talking about the actual figures, the rises, the falls etc, but somehow the blog had a mind of its own and I ended up talking about something I had no intention of writing about. But…. c’est la vie.
That entry was so relaxing, I think that given the tone of the blog I will leave it at that; relaxing in the summer breeze with a Bourbon and coke swinging on my hammock watching the sun go down.
