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Part Time Trader

  • #41
  • Apr 28, 2018 7:14am Apr 28, 2018 7:14am
Quoting GeorgeBaile
{quote} So true, even I have noticed, a number of successful Forex traders are the full time trader; they spend long sessions here.
While one learns to trade they do need another source of income, so many people just don't have a choice, in my opinion.
  • #42
  • Apr 28, 2018 8:19am Apr 28, 2018 8:19am
Then you have the safest time to trade...

2pm onwards you can easily get 20 pips in one hour with a standard 20 SMA, 14 RSI and learning some price action.

Or swing trade.
  • #43
  • Apr 30, 2018 8:10am Apr 30, 2018 8:10am
Quoting alesh
Hi, my problem is that I only have a few hours in the afternoon and evening to trading. And my doubt is whether to trade on time frames of 5 or 15 minutes, in order to close positions during my time, or to trade on higher time frames, leaving open multi-day transactions.
Spend that time for learning. For actual trading you do not need that much time but for that you have to learn to trade on D1 chart. No matter what strategy you follow it doesn't take much time to find a good set up. Either there's a good set up or not. It's the fear of losing opportunity that creates the problem. So invest your time in learning.
  • #44
  • May 8, 2018 9:03am May 8, 2018 9:03am
sometimes i prefer PAAM service instead of being a part timer in Forex trading. (Please don't anyone take it personally, its in order to me)
  • #45
  • May 9, 2018 4:16am May 9, 2018 4:16am
I can tell you.
9,996 of every 10,000 are part time traders.

Better accept is as a hobby.
As I do.
An expensive hobby.
Where you cannot get rich.
It wont happen.
But it gives you a nice feeling.
When you make 2-3% monthly.
On your cent account.

Rude reality that is...
Maadik Hugiis. IQ 69.
  • #46
  • May 9, 2018 7:22am May 9, 2018 7:22am
Quoting MoneyZilla
I can tell you. 9,996 of every 10,000 are part time traders. Better accept is as a hobby. As I do. An expensive hobby. Where you cannot get rich. It wont happen. But it gives you a nice feeling. When you make 2-3% monthly. On your cent account. Rude reality that is...
I think this is a bit of an exaggeration, but for the most part I agree. The majority of people don't make a profit but all traders dream of getting rich.
  • #47
  • May 10, 2018 1:39pm May 10, 2018 1:39pm
Quoting mlawson71
{quote} I think this is a bit of an exaggeration, but for the most part I agree. The majority of people don't make a profit but all traders dream of getting rich.
The majority of people don't make a profit BECAUSE dream of getting rich.
Learn to crawl... to walk... to run, for get rich quick dreams there is the lottery.
But traders with reasonable capital and skill can make a living, even a comfortable one.
It is good to know where one reality is.
99.9999% that reality doesnt include 100$ to a million success story!
there is always, always another trade!!
  • #48
  • May 10, 2018 3:11pm May 10, 2018 3:11pm
Quoting mlawson71
{quote} I think this is a bit of an exaggeration, but for the most part I agree. The majority of people don't make a profit but all traders dream of getting rich.
What you think , getting rich from this stock exchange is possible as a part timer ?
  • #49
  • May 11, 2018 8:00am May 11, 2018 8:00am
Quoting AdamCrist
{quote} What you think , getting rich from this stock exchange is possible as a part timer ?
I would say it's possible but not at all probable. For the vast majority of people that won't happen.
  • #50
  • May 11, 2018 2:26pm May 11, 2018 2:26pm
Quoting mlawson71
{quote} I would say it's possible but not at all probable. For the vast majority of people that won't happen.
Actually I have never seen at any guys who is a part timer in Forex trading and also a knowledgeable trader.
  • #51
  • May 12, 2018 6:26am May 12, 2018 6:26am
Quoting AdamCrist
{quote} Actually I have never seen at any guys who is a part timer in Forex trading and also a knowledgeable trader.
I have met a few over the years, but it has certainly not been something that happened regularly.
  • #52
  • May 19, 2018 11:52am May 19, 2018 11:52am
Quoting Catch-22
{quote} Depends on where you get them. Most people who know what they are doing are not worried about sending signals out to people, unfortunately. If you have someone that someone has been using for a long time and is consistent, or you can see their trade history and know (really know) how to analyze their traders and trader psychology, it may be worth it. It's probably more worth your time trading off the daily, or some safer commodities, or stocks.
How can I check their trading history? By using investor password?
  • #53
  • May 20, 2018 5:14am May 20, 2018 5:14am
Quoting mlawson71
{quote} I have met a few over the years, but it has certainly not been something that happened regularly.
As a part timer it is quite difficult to survive in this stock market, so I prefer always Paam services instead of it. Minimum there is a chance to earn minimum profit from here.( It’s my own experience , please anyone don’t take it personally )
  • #54
  • May 21, 2018 2:41am May 21, 2018 2:41am
Quoting GeorgeBaile
{quote} How can I check their trading history? By using investor password?
They should be able to provide you with a proper report on a live account over a longer period. If you can get an investor password or something, that would be good as well.

There should be a list of their signals somewhere though (depending on how you are getting there - via a service like Zulutrader), and you can see if they have had large drawdowns on those signals, and what the strategy has been (and possibly how well those results have been replicated).

90% of these people are newbie/demo traders that have been a little lucky or are actually losing but do signals for cash.
  • #55
  • May 21, 2018 7:36am May 21, 2018 7:36am
Quoting AdamCrist
{quote} As a part timer it is quite difficult to survive in this stock market, so I prefer always Paam services instead of it. Minimum there is a chance to earn minimum profit from here.( It’s my own experience , please anyone don’t take it personally )
trader and investor , there is big difference between two. your message is actual wrong , if anyone can be diligent of course he can be profitable in spite of a part timer. so, don't discourage anyone to be a part timer in here . thank you
  • #56
  • May 23, 2018 5:58am May 23, 2018 5:58am
Quoting Catch-22
{quote} They should be able to provide you with a proper report on a live account over a longer period. If you can get an investor password or something, that would be good as well. There should be a list of their signals somewhere though (depending on how you are getting there - via a service like Zulutrader), and you can see if they have had large drawdowns on those signals, and what the strategy has been (and possibly how well those results have been replicated). 90% of these people are newbie/demo traders that have been a little lucky or are...
Thank you very much for your reply! You described so nicely.
  • #57
  • Jun 8, 2018 6:06am Jun 8, 2018 6:06am
Quoting Catch-22
{quote} They should be able to provide you with a proper report on a live account over a longer period. If you can get an investor password or something, that would be good as well. There should be a list of their signals somewhere though (depending on how you are getting there - via a service like Zulutrader), and you can see if they have had large drawdowns on those signals, and what the strategy has been (and possibly how well those results have been replicated). 90% of these people are newbie/demo traders that have been a little lucky or are...
thanks mate for your nice post with great detail.
  • #58
  • Sep 24, 2018 5:58am Sep 24, 2018 5:58am
Quoting Catch-22
{quote} They should be able to provide you with a proper report on a live account over a longer period. If you can get an investor password or something, that would be good as well. There should be a list of their signals somewhere though (depending on how you are getting there - via a service like Zulutrader), and you can see if they have had large drawdowns on those signals, and what the strategy has been (and possibly how well those results have been replicated). 90% of these people are newbie/demo traders that have been a little lucky or are...
Proper report means what (I mean format) ? Picture or anything else? Thanks in advance.
  • #59
  • Oct 4, 2018 11:45pm Oct 4, 2018 11:45pm
Quoting mlawson71
{quote} I think this is a bit of an exaggeration, but for the most part I agree. The majority of people don't make a profit but all traders dream of getting rich.
Absolutely true! most of the traders don't make profits and also for a part time trader time management is the most difficult part.
  • #60
  • Oct 5, 2018 3:59am Oct 5, 2018 3:59am
Quoting Alvinjack
{quote} Absolutely true! most of the traders don't make profits and also for a part time trader time management is the most difficult part.
This is why, almost all of pro traders are doing full time trading! Part time trading is always challenging.
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