Fantastic query
To be truthful I do not like to go to work. Really I don't like orders and functioning standart salary. Wake up 7.00 a.m. go to work, go to sleep and home etc etc.. I don't like it! I don't like to operate for 500-1000$ every month.
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Fantastic query
To be truthful I do not like to go to work. Really I don't like orders and functioning standart salary. Wake up 7.00 a.m. go to work, go to sleep and home etc etc.. I don't like it! I don't like to operate for 500-1000$ every month.
Interesting question. I think it depends on how much plogical efford you invest in your daily job. If you just crusing easily then it is posible to trade effectively. If you have a tough job for you then likely just long term trader you're.
I actually have a promising results now, but anyhow I'll be working day job, since I am pessimist Unless I'll be earning enough to live trading, I will have a day job.
And I'll be looking for something quite easy emotionaly, so that I have enough for my own short term trading.
I still have my day job - just over broke , I started live investing in a year ago and withdrew my first account 6 months back with Day trading, due to the divided attention, both my job and fx suffered. Since That Time I proceeded on to Long-term Trading 4hr-daily charts and invest literary only 2 hours a day on fx and gaining slowly, now even the wife is more pleased since I can spend more time with her in the evenings
in 6 in the afternoon I have a look at the charts and place all the times of the Fundies in my outlook calendar = 30 mins
every hour I've a Fast glance in the charts = 2-3 mins x 10
and on every fundie = 5 mins x 10(approx)
Totaling
99.9% of the traders on this forum are balancing work and trading. Many have jobs where they could monitor the forex trading whenever they work. Those that can't watch the forex only trade a couple of hours per day in the slightest. With the use of a good EA, their trading has been done for them in their lack of a pc.Quote:
Originally Posted by ;
I trade full time from your home. Most of my trading is completed on 4 hour charts which gives me the luxury of freedom to do additional jobs at the same moment. It is a good feeling to have the flexability to exchange and observe a great HBO movie at the same moment. My goal is to exchange 2-3 more years.
I firmly feel that with great trading systems and appliions getting more available, thanks to its programming pro's, there will be many more traders doing what I am doing and trading in the luxury of their own home.
4 hour and daily charting works best in my view for the ones that balance work and trading. Find a Fantastic program with an EA.
I wish you great luck.
I am in that egory that can both work and trade at the same period, because my job entails a personal computer and an internet connection.
I can tell you the best setup was to trade longer term (daily) - basically checking my charts at the early hours, at noon and at day once I get home. And it wasnt better for me but also for my boss also
Been trying to trade 1H charts from work, it was bad bad bad, both in trading results an job results.
So to answer your queries, yes one needs to become a long term trader (4h in the minimum if you really need speed), it brings a fantastic balance between work and trading imo.
I agree, if you are working full time period frames are more suitable.
You can always alter your trading method around your full time job.not another way around . If you merely have some couple of minutes to look at your charts whynot swing commerce or commerce using daily charts
Surely feasible to swing/position trade while having another occupation during the day.
Yeah its potential, I do maintain work, that makes me a mended sallary, and still figure out how to exchange swings and places on hotforex, its difficult should you own scalp a lot on a daily basis. But its doable.
So from the philippines they cover you to trade in your actual working hours? In europe companies pay you to work during working hours.Quote:
Originally Posted by ;
I recently quit my day job after working out that 15 pips per day replaces my wages and I can work from home.
This will be my first month relying in my trades just... so my fingers are crossed.
^
I think you should have another most important job, what would happen if you lose 15 pips today and tomorrow? I think we can't promise anything with Currency Market.
A day Occupation is absolutely necessary because a real Occupation separates reality from Dream
Quote:
Originally Posted by ;
What a wonderful discussion....
That's true anyway. I got a most important job right now, but also interested in trading because 8 decades ago, never obtained profit... that is too bad.Quote:
Originally Posted by ;
But should we see we could hold on forex steady and more profit, despite the fact that monthly is only 10%, that would be good, right?
I'm planning to trade from home beginning in the next 3 - 5 decades. Much more radical, I do not even want to touch MT4, viewing lines, dragging lines here and there, watching economy news, bloomberg, all of the damn things, then decides whether to open order and when to shut. Then feel unhappy because the decision was incorrect....Quote:
Originally Posted by ;
3 weeks ago I decided to write a software which will run 24/7, decide to open order itself, closes itself, and prevent any bank vaions. That's based on my observation for all these years studying the charts, recording time, and looking at the behavior of these charts.
So, feeling much positive about it...
I still want to test my apps for next 1 - 2 decades, so far projected at least 25 percent per month.
Trading is operate
is not it?
If you're planning to operate and commerce. There's ONLY One way to do it profitably and that SWING TRADING
Fantastic luck on the progr dude! Ambitious goal!
Thanks... (Ambitious goal? I really don't know exactly what to say)Quote:
Originally Posted by ;
Yes (for its ambitious goal), and occasionally I feel myself overrated. However, what do I do?
I intend to quit (retire) in my primary job as fast as I can, need to perform trading as the replacement, need to perform a headstart before quitting, however I don't have the abilities to do trading. Entire 8 years (or even more I guess) I neglected with all trading egy (you named it, I neglected on that). Technical analysis, news analysis, swing trading, scalping, studying novels, all are good for me at a certain time period, but the majority of the time market moves at unexpected areas, then I endured a lot of reduction. Then I can not exchange the next time coz my principal job is calling me to become attention everytime.
Finally noticed that the primary element in my reduction was my emotion I can not control and absence of knowledge, expertise and time. Even though there are different X-factors such as news, plogy of the market, and all of that could possibly alter the price movement. And I noticed that the price movement and timing pattern is fully-programmable which potentially gives me profit. I pulled it all and I began to program that pattern in past 6 weeks, and analyzing it past 3 months. I admit most of it are reduction however, but one of these gave me profit consistently about 10% each month (25% to 35% maximum should you push it to the limit). Transactions closed.
So this is something what I was searching for.... By taking away the emotion, and also let the apps do their job
We will see the real profit then in the next 1 year...
https://www.nigeriaforextrading.com/...1082857571.jpg
There is absolutely no spread on futures.Quote:
Originally Posted by ;
Plenty of quantity on the Emini of course, but not very much about the micro gold. The entire size gold contract includes a fairly higher margin requirement.
While there isn't much quantity on the micro gold (Dec contract gets the most at the present time), it is still tradable. There are a lot of arb bots available on the exchange and they will be certain that you get filled as price moves by your entry or exit.
Futures are interesting, however you'll realise that your prices of trading micro stocks are generally higher than investing in spot Currency Market. The benefit of a transparent market, real quantity and thickness of market (DOM) reevaluate this to a degree.
Truly??Quote:
Originally Posted by ;
Lol, there's no spread on mysterious futures
Ok ... Perhaps I should have stated there isn't any fixed spread in futures.
Here is a screen capture of gold right now...
https://www.nigeriaforextrading.com/...6681711879.jpg
Since micro gold isn't very busy, there's presently a spread. My bad.
*Answer to the topic*
The principal issue is to choose the time period where trade will not interfere with function, or a job that will not interfere with commerce
My thoughts regarding timeframes:
Daily charts. The most convenient timeframe that doesn't interfere with primary function, not time consuming and doesn't produce a strong strain voltage. Wake up, turn on the computer, until it is loading warmed up some tea, then seemed charts, if needed you'll open an order then turn off computer again, go to sleep.
Four-hour and hourly charts. Trade inside the day needs more focus and concentration. Someone buys a half-time on social networks and entertainment websites, as somebody no opportunity to get up and pour yourself a cup of java. You can try several variations - Trade from the working computer. Trade with the tablet. Or exchange through remote access. The intense case - commerce with telephone.
It is better to not use the M30, M15, M5, M1.
Anyone living out in Asia or Oceania area then it is the best place to live in. You go to your 9-5pm job and lunch period you may begin to track the London session and transaction if any hinges demones. When you're back home you can exchange the NY session up till bed time i.e. 11pm to midnight. You may pick up your salary at the end of the month and also have some extra 'allowance' out of the FX trading.
This is a query that is very simple.
In case you have the edge then you can stop your job. Of course
do everything you can to recognize that edge while having your day work.
Who's?Quote:
Originally Posted by ;
I think it's likely to trade and work but it's difficult to handle and it can be pretty exhausting.
Yes it feasible to combine work with trade.buy you have to do swing trading or holding places for long.its enjoyable and also very profitable
Well, nothing is impossible
I think mainly of the traders combine work with trading. There aren't so many who transactions only, I figure.
I would not combine both. Trading is a skill set such as any additional. It is even more complied than most jobs and demands focus, especially if you daily trade. Then you can combine both, if you're using transactions.
I believe that you can definitely accomplish working a fulltime job and being a successful FX trader (though who wants to do that? And if you're successful at FX, you should not have to for too long). But with patience, lots of self command, and using daily time period (largely), a trader could place very little time in to analyzing charts and making trading decisions (and no time at all babysitting them in front of the display). I commerce price action, and many people familiar with it have heard of this set it and forget it egy. . .analyze, setup commerce, set stoploss, walk off. For the most part - that is it.
Sure you can, you just use a high timeframe, you can use the daily timeframe,Quote:
Originally Posted by ;
every bar will be one day, that may be slow enough so That You can check the trades each day after work
Unless you have some spare time to inspect the charts and be updated on latest market developments I really don't think you'll have the ability to trade intra scalp or day. I had a comparatively casual occupation in which I could keep track of the market even so at times I'd miss entry opportunities. FX is volatile if you want to trade intraday you need to be babysitting your rankings before it strikes SL or TP. So my answer if you've got 9-5 occupation its very unlikely you'll have the ability to exchange FX intraday I recommend you consider long term trades.
I decided to do both because Currency Market is a company that has a high risk that I just create Currency Market as a part-time job. I need a job, so if our account get expertise lots of the risk then we can still be earnings from work
I think you should not quit your job until you're really good at trading. Since if you're not, you can loose all your money. Your job is the insurance because of this case
Reduce your cash Not loose your money. Thanks.Quote:
Originally Posted by ;
Yes I concur moonshot diversifying is a great way if you've got the tools.Quote:
Originally Posted by ;
A 9-5 job like you said can be more emotional than the trading itself, an individual should always attempt to maintain a clear state of mind if trading.
Ha ha Yes I know!!Quote:
Originally Posted by ;
I guess what I meant to say was that most people having a 9-5 job trade off larger times frame, swing trade and just take a few trades a week. Whereas individuals who have enough time to trade whole time, day traders, sclapers watch their screens daily. Both can have great egies, work difficult, but the majority of day traders can fail purely because they cannot handle the emotional side of trading, be individual, allowing trades operate, getting stopped out. I've worked to get a broker and they just loved the day traders!!