Part time trading

davegordon posted:
Not every trader here considers it a part time job and most of them even think of it as a full time job. It differs from person to person.

Much is true, it works as a maximum trader full-time job.

I do also believe that it is better to make trading your part-time job instead of full time. That is why I don't really understand scalpers who spend all day long before their computer screens watching the charts move. Trading is good, because you have the opportunity to enjoy your life along with making money on markets.

Trading should be part-time in the long run. I mean that there are lots of scalpers who spend 10 hours a day sitting before their computer screens and following the charts in chase of several pips. I really think that all traders should aspire to investing long-term in order to have the time to do something else except for trading and spending more time with the ones that they love.

I agree, unless the trader really enjoys looking at the charts all day

Part-time forex trading can be a successful way to supplement your income if you are really aware of what it actually takes to earn money in this market.

jakes90 posted:
Part-time forex trading can be a successful way to supplement your income if you are really aware of what it actually takes to earn money in this market.

So true its not so much part time as using your time efficiently. I think it is possible for sure but some weeks will be more work heavy than others. Also the strategy is a massive element too whether you do 2 hours of scalping a day or analyse for two hours and pick a swing trade

Trading can be a part-time job and I feel that it is the best option for every trader. I mean that every trader should aspire to spend little time on trading in order to find time for other things in life. Surely, a trader needs lots of time and expertise to make it happen, but I believe that it is better to trade with the bigger timeframes and do more long-term analysis in order not to spend all of your time before the computer screen and following the charts.

Trading part-time is the right way to enter into the market, but trading full-time has its own perks. You get to choose how and when you work. We can consider trading full-time once we make consistent profits by trading part-time.

LucianVince posted:
Trading part-time is the right way to enter into the market, but trading full-time has its own perks. You get to choose how and when you work. We can consider trading full-time once we make consistent profits by trading part-time.

I agree with you. It feels awesome to trade full time with proper knowledge and skills.

Most people who start trading will approach it part time. As such it is important to be self aware enough to look into trading styles that will suit your current lifestyle so that you can learn and practice sustainably. I think burnout becomes an issue for many who don't consider this early on.

Anyone can do part time trading but for that one has to be skilled and experienced. Without proper knowledge and skills it's not possible to make money in Forex market.

Forex is a good way to supplement your income but it is a highly risky profession and you never know whether you can make profits or not. Therefore, I consider part-time trading safer and better. Moreover, when you are not completely reliant on trading for your daily expenses, you don’t stress much about making profits and can concentrate better on the learning process which is essential for long term profitability.