For trading you do not need

For trading you do not need 8 hours+ work. Merely a 4 hour session can be enough. But the fact is you have to skilled enough. Yes in forex trading you have the opportunity to work less and earn more. But this facility doesn't make trading easy. You need time and a lot of study to get skilled.

Every trader should focus on increasing trading abilities. Trading is not any easy task. You need specific knowledge and skills. Those knowledge and skills doesn't just come to you. You have to achieve it. To achieve it you have to study a lot. And it also takes time. There is no short cut. The quicker one understands this the better.

Michihito posted:
For trading you do not need 8 hours+ work. Merely a 4 hour session can be enough. But the fact is you have to skilled enough. Yes in forex trading you have the opportunity to work less and earn more. But this facility doesn't make trading easy. You need time and a lot of study to get skilled.

There are some trading styles which require even less time to trade like scalping.

Yes, you don't have to spend much time in Forex trading, but you have to focus on the trading platform during the analysis. And after entering the trade, you have to do trade management.

Go to Traders Market Institute and get the proper education. Don't waste you time and money anywhere else.

Michihito posted:
For trading you do not need 8 hours+ work. Merely a 4 hour session can be enough. But the fact is you have to skilled enough. Yes in forex trading you have the opportunity to work less and earn more. But this facility doesn't make trading easy. You need time and a lot of study to get skilled.

Yep. 4 hours of trading and at least another 4 for learning. 😉

When trading, patience and focus are really important. They are more important than the time you dedicate to trading. Make sure that you make the best of the time you have.

Agreed! IN forex, it is not about only the amount of time you give to this market, but the quality of work that you do in that time. Traders sit in front of screens for 7-8 hours daily, still their earnings are next to zero, because they don't do anything fruitful in that time. So instead of focusing on sitting for longer hours, it is better that one pays attention to what he's exactly doing, planning the tasks and taking care of the risk factor.

you might need alot of time during the trade but need alot of time investment while learning to trade.

Forex trading can be one of the simplest ways to earn money. You can earn a lot more money as a Forex trader than you would working retail. You also do not have to worry about the hassles of a regular job. You are basically your own boss if you are a full time trader.

Michihito posted:
For trading you do not need 8 hours+ work. Merely a 4 hour session can be enough. But the fact is you have to skilled enough. Yes in forex trading you have the opportunity to work less and earn more. But this facility doesn't make trading easy. You need time and a lot of study to get skilled.

Well said, the key is enhancing your knowledge eventually, gathering experience an learning from your pasts. No need to devote entire day to it, but yes quality time along with dedication really works.

 i dont believe any percentage, i just believe all about the consistency which is the main core to success at any section even trading place. 

Forex trading is not as easy as most people think. Traders need proper knowledge and strategy to make consistent profit.

For trading you do not need to replicate someone else's trading style, You should have your own plans to enter and exit the positions. Everyone has a different trading mindset according to his goals and risk appetite. Never try to fit in that. And do homework before going live otherwise stress will eat you.

You do not need complex trading strategies. Just make a simple plan, risk only what you can afford to lose and trade accordingly.

It’s true many traders only spend a few hours and still earn more than the ones who keep themselves glued to their screens all day long. It’s not about how much time you spent trading but how well you utilize that time. Whatever time you spare for trading, you should do your homework and know how the market behaves during those hours, which currencies are more profitable to trade, etc.

Along with utilizing time, you should be with some strategies which will help you to come up with new ideas to trade in forex.

pipham posted:
It’s true many traders only spend a few hours and still earn more than the ones who keep themselves glued to their screens all day long. It’s not about how much time you spent trading but how well you utilize that time. Whatever time you spare for trading, you should do your homework and know how the market behaves during those hours, which currencies are more profitable to trade, etc.

Foreign Exchange markets is are markets in which foreign currency is traded for domestic currency. The exchange rate is the price of foreign currency. It is extremely difficult to predict the short-run direction of exchange rates. Economists often view changes in exchange rates as following a random walk, which means that a future increase is as likely as a decrease.

@AlanSolarsh Only trading is strategy is not enough to be successful in forex market. Trading is 90% psychological. Our decision gets influenced by our emotions. We need to learn how to control those emotions.