Learn to trade Forex around your daily work

One of the frequently asked questions is' How can I adapt trade to my life? I work during the normal day and I can't stand in front of the screen. What should I do?'

This is one of the most common problems for new operators and people who are still struggling to find the time to trade. Most people think they need to spend hours in front of the screen as a daily trader to make money with currency trading. This is a great misconception that could not be further from the truth.

As professional Forex traders, we know that it is possible and practical to make money trading Forex from just 20 minutes a day. You only need to follow the next 5 steps to reduce your time in front of the screen and adapt the trade to your lifestyle around your daily work.

1. Keep up your daily work.

Too many people enter the trade and try instantly to determine how fast they can quit their job. This usually occurs within the first 2 or 3 months, when they are still in the honeymoon period. You should be fully aware that you will not quit your job and retire on a beach within your first 6 months. The best thing you can do for your negotiation is to keep your daily work that allows you to earn regular income, while growing your trading account and, if possible, add funds along the way.

Trading in the currency markets while having a regular income will mean that you do not have the need to try to force the market, over-trade, force operations and try to make money. It can focus on the essential part of commerce, which is commerce.

2. Learn to negotiate the highest terms.

If you are going to adapt the trade to your lifestyle, you have 2 options. First, exchange really small time frames, such as 30-second and 1-minute graphics, which, curiously, is what most fans start doing. They feel they have to make money in those 30 minutes in front of the screen in a state of greater tension. This is undoubtedly a way of doing it, however, it seems like a stressful, difficult form of negotiation, not to mention that it is scary! The trade of small terms such as the 1 minute chart is incredibly difficult, since it can have a stop loss of 3 pips with a differential of 1 pip. This means that 33% of your trade is only the transaction cost. This means making money quite difficult. Not to mention that the spread could be 2 or 3, and you find yourself in a world of Professional Trader.

Why not adopt the sensible and practical approach of negotiating higher terms such as daily charts? In this way, you only need to be on the charts once a day when you close the New York market, which can easily adapt to your lifestyle. Trading for 20-30 minutes at the end of the trading day allows you to trade with multiple currency pairs and benefit from their movement during the trading day.

3. Restrict your trading time.

Do not give 3 hours in the afternoon to trade. Believe me, you will find a way to spend 3 hours in front of the lists. Trade can become addictive, and if it is not consciously restricted to a certain period of time, it will be there for hours or even days!

Humans only have the ability to concentrate completely for 20-30 minutes, so why would you want to control your money 6 hours later? Your brain will be like a vegetable and will not be able to make logical decisions. Restrict your trading time to less than 30 minutes a day, and operate in the way you want to negotiate for the rest of your life.

4. Do not become obsessed with trade.

Trade can be incredibly addictive, if you allow it. Remember that trade is only one aspect of your life, don't let it be the dominant part. Do not trade for the commercial good. You are operating only if your advantage is present in the market, and the market presents a high probability opportunity. Again, it is operating to earn money over time, and sometimes there will be nothing there, so stay away.