Time Management

May 26, 2018 at 10:43
Vistas 3,699
74 Replies
Miembro desde Aug 11, 2017   posts 886
May 26, 2018 at 10:43
time management is really important to make sure a secure and comfortable trading life with certainly, we the traders should choose our time according to our trading understanding , as a newcomer due to lack of fundamental knowledge i always avoid news trading , even though it is very much profitable sometimes.
Miembro desde Feb 12, 2016   posts 427
Jul 12, 2018 at 14:37
That's wise enough, good that you are aware of it. What are the factors you consider most when you are trading ? Did you already set your strategy ?
Accept the loss as experience
Miembro desde Jun 28, 2018   posts 10
Jul 13, 2018 at 07:35
News trading is a specialist art. But it can be difficult to know which ones to avoid there seems to be news all day every day
Miembro desde May 15, 2018   posts 12
Jul 13, 2018 at 09:36
Just keep out of the big ones like NFP and interest rates
Miembro desde Feb 12, 2016   posts 427
Jul 19, 2018 at 14:51
Straycat posted:
Just keep out of the big ones like NFP and interest rates
Right. You got the point
Accept the loss as experience
Miembro desde Jan 03, 2018   posts 12
Jul 20, 2018 at 06:32
What about GDP? Sometimes that has big movements but othertimes nothing
Miembro desde Jul 24, 2018   posts 10
Jul 24, 2018 at 12:03
There can be many different GDP announcements for the same currency e.g. estimated, adjusted, confirmed etc. The movement with GDP (and other news) mainly depends on whether the actual value is significantly different to the expected value
Miembro desde Aug 10, 2018   posts 5
Aug 16, 2018 at 14:08
Downtobusines posted:
News trading is a specialist art. But it can be difficult to know which ones to avoid there seems to be news all day every day
I agree with you it is difficult to know that which news should be avoided as it happens sometimes that an important news release also don't have significant impact on a specific currency pairs.
Miembro desde Dec 06, 2017   posts 21
Aug 17, 2018 at 07:41
If you are trading the news then just need to wait and check all news. Wait for one that has a bit jump in price and then hop-on the move
Miembro desde Aug 27, 2018   posts 9
Sep 02, 2018 at 06:44
There are so many news events. It is impossible to check all news and all pairs
Miembro desde Jul 09, 2019   posts 33
Jul 18, 2019 at 07:11

Managing time for new traders can be challenging . So , one can follow the following tips to manage time effectively.

      Prioritize your tasks. Do the most important task first. Take time in studying market news, trends and price movements and then
     start trading.Take time off .
      Do not sit in front of the trading platform continuously . Take a break and focus on productivity.
      Avoid distractions in between such as social media , tv etc.
      Formulate a plan for every time you trade.
Miembro desde Jul 09, 2019   posts 38
Jul 22, 2019 at 05:35
Managing time is an essential element of successful trading. It is, however, not easy to be in time with respect to various trading activities. To manage your time well, the first thing you need to do is set some goals, that too, to be achieved in a certain period of time. Doing this will help you in managing your time in a better way. Then, learn to prioritize your activities, that is, do the most important tasks first and then the less important ones later. Also, try to have breaks during trading as that will help you to have greater productivity. To be completely into trading, without losing any precious time, try not to be distracted by any disruptions that come your way.
Miembro desde Jul 09, 2019   posts 26
Aug 01, 2019 at 07:45
Time Management is necessary if one wants to be successful in trading and for that use Forex signals because then you can easily manage your trade timing .Scan the news to understand the relevance. Also small things like to prioritize,sound plan,money management plan should be considered.
Miembro desde Jul 25, 2019   posts 10
Aug 01, 2019 at 09:46
Time management is part of the discipline that new traders need. Discipline to use risk management, continue to learn, focus on their trading and not over trade. It is tough but a good trading plan can help
Miembro desde Jun 29, 2019   posts 65
Aug 03, 2019 at 04:03
Indeed, when you are a stakeholder of any financial market, then it is your duty to keep your trading strategies updated and you can make sure that your entry and exits from the market is appropriate as per your trading needs. Time management is really significant when it is the matter of enjoying a secured and contended trading life as with the timely and fastest trade executions any trader can remain ahead of other traders prevailing in the market.
Miembro desde Aug 05, 2019   posts 50
Sep 04, 2019 at 06:05
Time management is required in order to become a successful trader. Just have a sound trading plan and review it timely.
Miembro desde Oct 22, 2019   posts 41
Oct 29, 2019 at 11:32
TitusD posted:
Time management is part of the discipline that new traders need. Discipline to use risk management, continue to learn, focus on their trading and not over trade. It is tough but a good trading plan can help
True. As a newbie it was tough but going strong with proper risk and money management.
Miembro desde Apr 18, 2017   posts 920
Oct 30, 2019 at 07:45
jaredtaylor posted:
Time management is required in order to become a successful trader. Just have a sound trading plan and review it timely.

Really it takes such a long time to learn Forex; spending quality time is the key! You may notice, all of the pro traders are trading with a long term trading experience!
Miembro desde Jul 19, 2020   posts 318
Nov 11, 2020 at 19:32
If you want to make money from the forex market, you need to make a good plan. Without a good plan, you can not survive in this risky market.
Miembro desde Aug 17, 2020   posts 123
Nov 12, 2020 at 17:07
Time is really important, both in terms of how you manage your own time and what time you trade the markets. It can be difficult to learn but it becomes second nature after a while.
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