Tuesday, 10 April 2007

UK stock market opens today after the long weekend. For those who may fancy opening a LONG position on the main index, the FTSE 100, it's worth bearing in mind that the index is only about 50 points away from its high of many years. So for my money I would only DAY TRADE it as things are at the moment. While we are on this subject, I would say in my experience the FTSE 100 is one of the better indices to trade and I personally think it is far easier to read the direction of this instrument than for instance the DAX30 or the Dow where "day trading" is concerned.

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