Currency pairs that are more suited to part time traders

All depends n your choice and practice on certain pair that you do on demo . Then it seems easy for part time traders to work on those currency pairs. I will favor major pairs that are good for normal trading one can get a good move any time so par time trader can avail good chance when they are free.

You could go two directions with this. The pairs themselves. I live on the eastcoast USA so if I could only trade evenings I would trade the AUS or JPY pairs. Another option would be time frame. When I first started I traded 4hr bars. I would get up every 4 hrs and check or adjust positions. That way I could trade any pair. By the way, it sounds worse than it was. Once you get used to the schedule its fine.

no problem mate. all good

Part time trading is always challenging, whatever trading instrument you want to use.

hey guys i was just gonna tell you what indicators im using on my systems atm so for the three duck systems is realllllll simple just a 65 SMA over three time frames, real simple but i kinda like the idea of it but i would expect it not to do as well as the rest( fake outs) but then I’ll see what results i get guess and see what pairs work for it, the next system is like robopips SMA crossover system but for bigger times, so more for traders that only have 1-2 hours a day and make one trade a week that last up to or more than a few days( hope that makes sense) , i also use a system thats similar to the SMA crossover system, but instead with EMA’s , and RSI and ADX, and my aim again is the system to hold trades for a few days/ weeks. I also stick to my 1% account stop loss for each trade and theses systems are 1:3 ratio atm, ive also downloaded forex tester 2 but have no clue how to use it haha, also my broker has a auto trading system that works on demo but i need to learn how to code as well to use it aha, but the reason i wanted to use the auto system was so i could test my systems while i was at work then record the data when i get back and do further testing myself too, but this is an ongoing thing and ill be doing my own testing at the moment when i have time in evenings. So this a very brief plan of what i am aiming to achieve

You tube Videos mate… there’s thousands of them

There are a good many of us who trade “Part-time” in that we take longer positions and only look at the charts to see how we’re doing when a trade is in progress.

You trade a timeframe which is suitable for this approach and can easily enter trades using “Pending orders” which enter at specific price values. As long as you also set Stop losses and Take profit levels, which are also “Pending orders” by definition, that will do fine.

Try it out on demo. As long as your analysis is valid, it will work as well or better than “sweating over a screen” every second of teh day. :slight_smile:

“Which pair” ? whatever pair you feel comfortable with. positioning of the pending orders is the most important part of this approach.

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@robotrades
Falstaff is correct, whichever pair you like, there is no 1 Magic Pair that pays out money like no one’s business. hehe
Just pick one that resonates with you

All the currency pairs work in the same manner. If someone wants to be a Forex trader then he has to work hard for building a strategy for his trades. One more thing, do not try to trade too much. People hear the facts and advices but they do not impliment them while trading. This is the reason for their poor performance.

Just a quick one guys how’s everyone’s trading going ?

@robotrades
i’m good, why do you ask

Whether you are a part time trader or full-time trader, there are some things that do not get changed. You should pick a pair that you understand the most. It could be any pair. Every pair has its own specific characteristics. You have to give time and effort to choose a pair that suit you. I personally like GBPUSD. It suits me the best.

Just general question Martin, see if you guys had any problems :slight_smile: I doubt it tho aha just wondering maybe there should be a topic on it like everyone just comments on how there getting on aha

@robotrades

Sure… What’s Up ?

Umm. I’m not sure what you mean
what do you mean…??
if WHO had problems ??

i mean if there is a problem, sure, there SHOULD BE a topic, i guess.
but i’m still not really understanding what you’re asking me ?

Are you maybe referring to this…

in which case,
No… i’m not having any problem in my trading personally, i’m good , i generally have a few trades each day , they generally always take profit, sometimes there is a loss, but it’s not often. and it’s not big enough to matter when it does happen
so me, … without giving a full detailed analysis…I’M GOOD overall, no problems here

Awesome man that’s brilliant:) and sorry if it was a odd question just thought I would see how very one was getting on I suppose( British politeness) haha

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Since forex is a highly competitive market here traders need to be very careful. And forex trading is actually a long process rather a project. But part term traders are here with smaller time investment and they have to take full advantage of their time fully. Thereby I think major pairs, the pairs that compulsory includes USD with any other currencies. Because major pairs are basically easier than trading with other currencies.

For choosing currency pairs trader should be more careful. Because there are lots of trading pairs in the market. You cannot say anyone worst or good. But as a new trader you should try the most powerful trading pairs. Some trading pairs are strong and mostly used by maximum traders. These are USD, Euro, GBP, JPY etc. After passing some time and if you have a good trading platform you can try any pairs in the market.

Yep, this helps a lot. As a newbie, I use these currencies on my demo account.

EUR /USD, GBP/USD are evergreen pairs that can be traded part time or full time. They are widely traded among all traders. For long term trading one can choose Gold or any other pair that will give them profit in less time but a good plan is required. Part time traders should trade in currencies.