I always trade on crypto. I can’t say that I have particular hours for trading, but I always try to spend at leat three hours a day trading, or learning something new about it
It’s not the same for me everyday tho, I have to realise the factors of the market, whether they are in my favour or not. Sometimes I can trade 4-5 per day so that I can fetch some good returns, and on some days, I am completely dormant and just read the chart.
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There’s no definitive time. Some days I trade for 2-3 hours while other days I trade for 5 hours. It varies according to the situation in the market.
I think it varies from person to person. Some traders can make crazy amounts of money by trading for a small amount of time. But some traders sit staring at the screen all day long and they don’t get any good results. So the time one spends on trading depends on their skill level and experience. Beginners often spend too much time trading even when the market isn’t favourable for them. While professionals know when they should get into the market and start trading. It is also important to know when you should stop trading. So as I said, a beginner needs to spend a lot more time in the market but not necessarily engage in trading. Just observe how the market is moving and what kinds of trends are emerging. Then gradually you will learn to manage the timings and be productive at the right moment only.
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It is necessary to estimate all the time expenditures, both for trading and for everything that is around trading. It’s the analysis before the trade, the analysis of the trade itself, testing of trading systems, the same contests take a lot of time, communication on the forum, it also concerns the work on Forex.
All my friends devote completely different time to Forex.
It is possible to spend two hours a day because the main events take place in the first two hours after the opening of the trading session. During these two hours you wait for a signal, open a deal, and after it’s either profit or loss. It’s quite a comfortable trade.
During those days when I like scalping I can trade the whole day, if there is any movement, there is no problem, I can try to make some profit. I think everything depends on trading methods, time available and diligence of trader.
Quite right policy… Actually, I also place no more than 5 trades per day and then just monitor them. However, it’s necessary to monitor them because the situation on the market is quite unstable last time, hence I always try to pay attention to all the divergencies in opened deals…
I think that there is nothing better than spending time on analysing the graphics, then making a decision and then just observe whether your forecast was right or wrong. At least, it helps me to stay quite stable during trading. Ofc, I don’t monitor the deals often, just couple of time per day, it makes me feel calmer =)
I’m not a fulltime trader, but could be cos I earn just about enough from trading to support my family at the most basic level. However draw-downs would eat into my trading capital very quickly and stymie my earning potential. So I prefer a day job salary and trading on the side.
I am happy to trade any major forex pair or commodity - it’s all the same to me and cos I just use technical analysis I don’t need much of a specialist knowledge in the thing I am trading e.g oil, copper, wheat.
I glance at the screens often throughout the day but am not stuck to them for long periods.
I’m been trading for 3 years, but have only been consistently profitable for 18 months (took about a year to win back all my losses). Hopefully in about 5 years I’ll have made enough to do it full-time, although I dount that’ll actually make me more money as profits not directly proportional to the time spent doing it, I don’t think.
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Hello. If you are consistently profitable for 18 months, why don’t you apply as a fund manager?
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Didn’t know I had that option! Besides, even if i could i don’t
Think I’d want the hassle.
Can we chat?
Yes. You can DM me?
Of course I can.
I trade in forex for 4 hours every day. I prefer trading only 2 currency pairs; EUR/USD and GBP/JPY. Trading according to a schedule has helped me in many ways. I feel more productive these days.
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what works on index options? been in the game for 2 yrs and am at breakeven before
charges.
Day Trade/Scalp:
Asian session: Yen or HKG index (if there is anything interesting)
EU session: DAX or EUR/USD with GBP/USD
Swing Trade:
i rarely trade US because it is late here GMT+2 and my focus is gone, but i do long term swing trades (portfolio adjustments) in the US session (stocks + ETFS)
week charts
Most of my screen time is research, and when i trade it is usually just half an hour.
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I am a day trader and prefer to trade 2 to 3 hours but it varies according the market events. I always spent time learning about the market.
Final answer? It depends.
It doesn’t matter what you trade, only how you trade it. As for a specific pair, I would rather let market structure make that choice for me. The time it takes is dependant on you. Figure out what kind of trader you are and go from there.
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What do you trade?
Stocks cfd -
Do you focus on specific pairs?
yes -
How many hours do you spend in-front of your terminals per work day?
5min
Since I am a part-time trader, I could only manage to spend 3-4 hours a day. Even in those hours, most of my time is spent studying the market becauseI believe in quality of trades over quantity of trades.
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I am a part-time trader so I spend just 2-3 hours in trading which really works well for me as it maintains my work-life balance.
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