I’m learning a lot about trading but finding time to actually get in and do it is quite a challenge, mostly due to my day job.
I get up early, try to trade for an hour or so, then wait until evening and maybe have half an hour. I am looking heavily into EA’s and signals, and am currently testing a few before I trade live money on them.
What do others do to practice trading with limited time?
Quitting my job isn’t an option at this point.
One idea - on weekends, ‘trade’ my plan by slowly scrolling through 1h charts from the previous week.
you could do that. Probably better would be trading off the 4h or Daily charts. that way you still keep your job but can then catch potential signals because they will come around at longer intervals.
Agree with virtecs, I use 4hr charts, I don’t have to spend much time to spend watching charts. I look for a signal enter the trade or set pending order.
I have tried Ea’s and signal, my experience says your better off with out.
Good luck you you
Jado
I too am caught between the day job and my aspirations to make a living at it. My hope is to be able to gain enough equity to go full time in about 3 yrs. In the mean time, I am struggling with the most practicle time frames as well to do my practice trading in. My philosophy of practice trading is that you should try to do it as closely resemble real life as possible so that when you go live there is no difference.
I had a trading coach that told me that the time frame one trades in should be dependent upon how often one can view and study the chart. So if once a day is all you can look at, then that is the time frame one should trade in. If once every 10 minutes one can look at the chart, then trade in that time frame or higher, but no less that that.
If you have a full-time job, then 4HR and above is sufficient. You’ll have less trades, however, you’ll have an opportunity to see the market at a different angle where you have an opportunity to gain more pips.
well if your working on the east coast of australia or in new zealand your ‘normal day job’ - then you can get home in time to trade the london open and the asian breakout trades of a 5/15and 60 minute time frame. And if you stay up to about 10pm you can trade the newyork open too. No need to trade during work hours
Trading london and asian break outs is not the only way to a profitable venture in forex. So I stand by my answer that the time zone in which you trade is irrelevant.
As long as price is moving, there is potential to profit pips. Perhaps that concept is foreign to you.
