If you have a full time job, you can still trade Forex and make some money on the side. You will want to make sure you are planning your charts before the trading week as you want to be able to do analysis and understand the trends of the market. You also want to be trading during the best market hours which is typically from 8 AM to 11 AM EST. Finally, make sure that you are always trying to improve your trading skills and the best way to do this is by monitoring your performance and your results.
- Most traders are all over the place, always changing their approach, every trade looks different, they jump from one timeframe to the other, change indicators, chase price and so on
- Trading can be very lonely and if you don’t have people around you that help you grow, trading can become very frustrating.
- Usually, swing-trading is better suited for traders who have limited time and restricted access to charts throughout the day.
“This means trading during sessions with very high liquidity, which is usually during the London & New York sessions. Market liquidity is highest during the London session because most multinational banks have branches in the city.”