Time Management

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.

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 ?

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

Just keep out of the big ones like NFP and interest rates

Straycat posted:
Just keep out of the big ones like NFP and interest rates

Right. You got the point

What about GDP? Sometimes that has big movements but othertimes nothing

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

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.

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

There are so many news events. It is impossible to check all news and all pairs

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.

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.

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.

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

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.

Time management is required in order to become a successful trader. Just have a sound trading plan and review it timely.

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.

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!

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.