Strategies for part time traders - Page 223
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Thread: Strategies for part time traders

  1. #1
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    Strategies for part time traders

    I have noticed to my amazement that there has been not thread on how to help part time traders in this forum , at least i have not read one, so i take it upon myself to create a thread here on the best strategies that part time traders could adopt to trade the market . I will like to hear good comments from my fellows here on the best way to assist part time traders.


    1, HOLD A POSITION FOR A LONG TIME:It is critical that you understand the drivers of your currency pairs and have taken the time to really understand your market. Therefore, after studying the market and narrowing down particular chosen currency pairs, selecting a few positions and holding them for a longer period of time is a prudent strategy for part-timers. Another wise strategy is to put in stop-loss orders with all your trades to minimize any losses if the market moves against you.


    2,TAKE TIME TO STUDY LONG TERM TREND:There is value in looking at longer-term trends (daily/weekly) instead of looking at hourly or even four-hour charts. This will allow you to trade while looking at your computer only once a day.

    3,SET UP TRADING ORDER AHEAD OF TIME.:Setting limit, stop-loss or other entry/exit orders can ensure you do not miss opportunities to enter or exit positions.

    These are the three ways by which i know that part time traders can adopt without missing trades.

    You are free to add some to the list.

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  2. #2221
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    Quote Originally Posted by ajagbeolegba View Post
    We have to learn, we have to be using what we have learned also, they will get to give us the needed exposure that will let us know how to go about our trading, the traders with the good strategies will not just get that strategy, they will get it gradually, and when those traders did not learn, there is no way they will know how to trade.
    Basically trading is about learning a strategy and implementing it along with risk management. For risk management there are tools like risk reward ratio and for analysis there are things like currency correlations that we can utilize. Like the price behavior in one correlated pair can help us to anticipate the possible price action in the other pair. A serious trader is more prone to take better decisions than a trader who is careless or negligent.

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  3. #2222
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    Quote Originally Posted by Risk management View Post
    Doing part time trading is also a good way to make consistent profit from the market because it is the way to control our emotions and build a strong trading strategy to do proper technical analysis. But, we must have need a good trading system to do part time trading because scalping is not the way of becoming successful for a part-time trader.
    There are part time traders that use scalping too. It is not forbidden for part time traders to scalp the market. They have free evenings and if there is volatility so they can scalp the market too. Of course, there are part time traders who want to open 1-2 orders per week so they have to use long term strategies with low leverage.

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  4. #2223
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    Quote Originally Posted by Rola View Post
    There are part time traders that use scalping too. It is not forbidden for part time traders to scalp the market. They have free evenings and if there is volatility so they can scalp the market too. Of course, there are part time traders who want to open 1-2 orders per week so they have to use long term strategies with low leverage.
    I understand that you really concern with security because you said that it's forbidden for part time traders to scalping. Somehow we can't say that to traders who made their choice and use whatever strategies and tools they want to. It's beyond our rights as traders but for the sake of doing good deeds, we slowly advice people who's actually new in here because most of cases they're those traders who wants to become part time trader in scalping. Additionally if we leave traders to do whatever they want, every greater losses they suffered from market would pay them a visit with demo account to learn and remember what we've ever told to them before.

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    rules made to be followed, not to be broken

  5. #2224
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    Forex trading is a good business but this is about skillfull business where traders need to prepare themselves with good foundation and they are skill or knowledge, experiences, good money managements and stable psychologies
    After master all of them and so they will know how to trade and take the time whether as part time trader or full time trader. Because forex trading is actuallt the flexible business where everyone can join and take a part to build the business. So they can join anytime want it with using own trading strategies without disturb theit main activities

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  6. #2225
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    In Forex most of the traders are part time therefore they should spend their good time for learning because without learning getting success in Forex is not possible.Demo accounts are very helpful for trader for the purpose of knowledge and testing a strategy.News time trading is the best option for the part time trader for making fast capital in small time.There are so many strategies in Forex and swing is best strategy for the part time traders.

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  7. #2226
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    Quote Originally Posted by kaashi View Post
    In Forex most of the traders are part time therefore they should spend their good time for learning because without learning getting success in Forex is not possible.Demo accounts are very helpful for trader for the purpose of knowledge and testing a strategy.News time trading is the best option for the part time trader for making fast capital in small time.There are so many strategies in Forex and swing is best strategy for the part time traders.
    Forex is not good for the part traders because this market required our good time to spend with it and to have the better skills to work in the correct ways all matters in a better outcomes to achieve so having the skills of management and having the experience rightly all matters to get the better change and better skills of improving success more effectively .

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  8. #2227
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    Quote Originally Posted by Runner View Post
    Forex is not good for the part traders because this market required our good time to spend with it and to have the better skills to work in the correct ways all matters in a better outcomes to achieve so having the skills of management and having the experience rightly all matters to get the better change and better skills of improving success more effectively .
    But i think that the trade market is for all the traders including the part time and full time trad rs because for us this is soo important to plan a strategy completely and to make the right trade system and to use the management skills and right knowledge will effects more accurately on us so we should follow these strategies that are working for us to get perfect winning powers easily .

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  9. #2228
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    The best way of the trading is the use of best strategy in the trading . the trading with the patient and hard working is the best way to earn a lots of money . trading demand a lots of patient and hard working , we easily trade by proper planning and follow the rules of trading to earn a lots of money .

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  10. #2229
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    Part time trader has lack of time because they are busy in some other work therefore they should choose the strategy carefully.Demo accounts are very helpful for the part time traders for the purpose of knowledge.So many strategies are available in Forex and i think short term strategies such as scalping is best for the part time traders for making fast capital in small time.

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  11. #2230
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    We cannot survive if we focus all our trading on short term trading, if we don't learn to make use of the higher time frames too it will not be possible for us to succeed, short term strategies are good if we used them once in a while and make use of the higher strategy more, especially for the part time trader the long term strategies will be more suitable for him to use.

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