Recently I was reading a very informative article for part time traders.I looks me really interested.So i decided to share some very important tips for part time traders.I hope you will find these tips best.I suggest that you always keep in mind that you want to earn money not lose money.So keep in mind following interesting points.I hope it will work.
1-Always trade in busiest time of the day.During busiest times trade volume reaching at its peak.For example if you want to trade USD/EUR and you a have a very short time for trading than it will best for you to choose a time when of opening of the New York and/or London sessions, at 8AM EST and 3AM EST, respectively.For example if you have time midnight to 3 am, it is advised to play in a Yen because at that time Japanese market is open.
Above strategy may be confusing you a bit but its very simple.You just play when a currency is bouncing more and its only possible during a time when mentioned currency is more liquid and most volatile.In other words it will be little easier to grab profits when a trading pair going to bounce a lot.I am talking about very simple and ordinary things.Just focus on key point of trading when market is just full of traders.
In the above i am just describing that you have to win when many people are losing as well.In fact when you are wining,at the same time many traders are losing as well.So you will win when market is full of losers and its probably a fact that most traders lose during busiest hours.I always confuse people to think them in all possible directions.Actually my above logic is based on concept of a "Forex is a Zero -sum game".In short average 50% traders lose when 50% wins.So its sure that you will win or lose.
In last i am advising to left forex trading and do some other business if you are not able to constantly monitor the market, pore over charts, and develop technical strategy.You will definitely a loser if you can not manage time for trading.So left trading and start investing because it will tough for you just because of your lazy bahviour.
1-Always trade in busiest time of the day.During busiest times trade volume reaching at its peak.For example if you want to trade USD/EUR and you a have a very short time for trading than it will best for you to choose a time when of opening of the New York and/or London sessions, at 8AM EST and 3AM EST, respectively.For example if you have time midnight to 3 am, it is advised to play in a Yen because at that time Japanese market is open.
In the above i am just describing that you have to win when many people are losing as well.In fact when you are wining,at the same time many traders are losing as well.So you will win when market is full of losers and its probably a fact that most traders lose during busiest hours.I always confuse people to think them in all possible directions.Actually my above logic is based on concept of a "Forex is a Zero -sum game".In short average 50% traders lose when 50% wins.So its sure that you will win or lose.
In last i am advising to left forex trading and do some other business if you are not able to constantly monitor the market, pore over charts, and develop technical strategy.You will definitely a loser if you can not manage time for trading.So left trading and start investing because it will tough for you just because of your lazy bahviour.
