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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. #2231
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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.
    you can not relate everyone in this business to use the same strategy and do this as part time trader because you do not have any proof to show that. traders who wants to earn more they have to focus with market by spending hours in a day to analyze its movement in search for possible trading opportunities. therefore if traders are taking less time to spend, their efforts will be smaller and so with their earning. expect something to get equal to our efforts, never go beyond anything with unrealistic target.

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  3. #2232
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    There are some traders that try to be smart and trade over the short term to make money in fx trading. That is not a bad thing or even a bad move but sometimes we need to be trade with a clear knowledge about what is truly happening in the market. That way our chance to make money will be much higher and we are likely to be success.

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  4. #2233
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    Part time traders have less time for forex market but it does not mean that they must use only long term trading strategies. Part time traders can use any trading strategy they think to be suitable for them. They can use short term strategies or even scalping if they see good market conditions and opportunities to earn some pips.

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  5. #2234
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    Quote Originally Posted by Krosneles View Post
    Part time traders have less time for forex market but it does not mean that they must use only long term trading strategies. Part time traders can use any trading strategy they think to be suitable for them. They can use short term strategies or even scalping if they see good market conditions and opportunities to earn some pips.
    Yeah the part time traders dont give enough time to the real market so they have the less time to work and they have to get the accuracy within the very small time so they sometimes get in hurry to form success very sharply but due to impatient traders and greed they can lose the trade process from own hands so they cant take any good opportunities for winning success in hurrry.

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  6. #2235
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    We have a lot of strategies to be used, but one thing I have always known is that the one that has been learned will be what that will work for us. There are a lot of of trading methods that the traders should understand and know how to make use of. Succeeding the business takes a lot of learning. Being a part time trader also will mean that you don't depend on forex for your basic earnings to survive.

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  7. #2236
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    Actually we are not able to give our time completely to this market when we are trading with the part time , so there will be chance of wining and losing , we must have to make our plan well and will give trader opportunity to trade safely , we always have to build our strategy first and it will give trader good opportunity to have successful plan .

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  8. #2237
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    Quote Originally Posted by fahaddd View Post
    Actually we are not able to give our time completely to this market when we are trading with the part time , so there will be chance of wining and losing , we must have to make our plan well and will give trader opportunity to trade safely , we always have to build our strategy first and it will give trader good opportunity to have successful plan .
    Hard to say that trading as part time traders can give us good opportunity to have successful plan because it's still depending on trader's system and how discipline they can work with it. maybe it looks good to see how part time traders can make money from market when they're taking less time in market, approximately an hour or two but look at this not only from its pros but also the cons as well.

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  9. #2238
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    Part time traders should understand that this market is always filled with challenges and the sooner they take responsibility for their actions as traders, the better it would be for them to become profitable, sometimes, we take many things for granted because we don't understand what it means to become successful, this should not be our attitude as part time traders, our strategies must be well balanced if we will make money.

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  10. #2239
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    This is the best strategy for all the traders who want to earn some money from the forex. the forex is just like money making machine . the part time trading demands a lots of patient and hard working . we use the best method of earning and we earn a lots from the forex trading .

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  11. #2240
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    After learning about different trader way of trade we have to use own way and own sense about market , sometime if we understand well other trader strategies so with the use of their trading plan we should develop own perfect trade system , but sometime it is not good for trader to be traded with these strategies all depend on trader experience .

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