{quote} I don't get it. How can you have more time if you have more things to do?
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at first glance, it seems absurd, but, Yes - you have. When you have a large number of tasks, you start to plan your time much more efficiently, do not waste it. The result - the efficiency grows up!
People who have full time job have limits in trading forex, but that doesn’t mean they can’t earn like the others in this business. If you have a strategy that you must manage your open orders you would have difficulties as you don’t have time for that. In this case you can use EAs to do the trailing for you while you are away. Best trading style for people with fulltime job is set-and-forget. You see a good entry while you are by the computer, you put a pending order or market order with stoploss and takeprofit and simply walk away to your normal job. A few hours later when you get back you can see if you lost or won. This way you put aside the feelings and over trading which is a good thing for your career.
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Joined Mar 2016
|578 Posts
Strategy can have a big role in trading, so full time working people can also have earning like who are in this business as a full time trader. It is all about strategy and management.
there is a good Jewish expression - the more a person is busy, the more time he has. With trading it works like nowhere else - tested on the experience of successful colleagues
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Joined Mar 2016
|578 Posts
Like any other type of investment, Forex trading has its inherent risks and potential for profitability or loss, and knowing how to mitigate these risks.
{quote} Well; but my preference is the morning! Even; my success ratio is much better on morning trading!
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Hi5 . Even i prefer the morning time.. my job starts around noon.. so i have time to watch the markets and place trades in the morning. I feel thats the best time to trade. I am fresh so i am able to make good decisions.
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Joined Mar 2016
|578 Posts
Forex trading is profitable if you treat is professionally as any other business. Not everyone can learn to become emotionally and psychologically mature and vulnerable to trade.
{quote} Hi5 . Even i prefer the morning time.. my job starts around noon.. so i have time to watch the markets and place trades in the morning. I feel thats the best time to trade. I am fresh so i am able to make good decisions.
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Nice to know buddy; besides morning brain is much potential as I know!
Forex trading is profitable if you treat is professionally as any other business. Not everyone can learn to become emotionally and psychologically mature and vulnerable to trade.
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i have found very few people in my trading career who took Fx as a professionally, they like to take this stock market as a money making machine that will bring more and more money very rapidly , this non-sense mentality most of the traders above all beginners hold as early time in trading.
For me, trading always was just a hobby, so I haven't asked such deep questions. When I'm in the good mood I trade. Sometimes the day goes wrong and make me angry or sad so I spend my free time after work on the couch and watching junk on YouTube. Yet, sometimes I feel good and want to spend my time with benefit - that's when I trade. I also give a lot of my time to trading on weekends, especially on Sundays. I can at the same time read some articles on similar topics, sit on the forum like this or do other stuff. Thus, I not only do my hobby, but also "pump" myself and my skills. It is also important to spend your time not only on trading itself, but also on studying some new topics and developing your trading system. Maybe even start and write your own public journal. The point is - it's doesn't exist "right" time when to trade. You can do it whatever you feel it: on your coffee break, before work, after work, on the weekend. If you really like it, you'll manage your free time.
For me, it depends on where you live. For example, I live in a central time zone so being an hour behind New York is convenient. By 8 am, I'm already up and trading the London/NY overlap. Then when I get off work, I'm trading the Sydney/Tokyo overlap. I'm not trading when the markets open to have work/hobby/life balance, but if you just convert the time zones and overlaps into your time, you should be able to plan your day around trading or plan your trades around your day.
You could also set pending orders too. I do that before I go to bed. This is probably the easiest thing in my opinion.
