Time Management

One of my friends suggested that I should practice time management in my personal life to help me with trading time management, which I intend to do.

Time management is as important as trade and money management in a well rounded strategy in my opinion. Depending on how you trade getting this right can help you avoid sitting in front of charts all day.

True. Don't be a market zombie by being always on charts. Set goals. Know when and what to trade

That does make sense, good start there! If you truly wish to trade news, you need to watch out and stay updated on all the news available so you don’t misconstrue any move. Create a plan, stay organised so you don’t lose your mind in the process, it can get hectic so take a few breaks and rest.

It’s essential for a trader to know that trading is not just about finding the right trades to execute but also about finding the right time to make the right decisions. So, analyse the market well and see when you must enter and exit your trades.

Many traders have problems with trading on the news because of the time difference.

Managing time is one of the most crucial elements of trading. If you select the right time frame, it’ll get easier to make money in the market. You need to understand the importance of fundamental and technical analysis and utilise either whenever necessary. But, trading news is very tough. I tried my hand at it and failed many times.

When trading, you have to keep track of time and make decisions at the right time. For instance, as a scalper, you need to have a good exit strategy. If you fail at this, you are losing a trade. So, not only is a good strategy an essential, but when you apply it is also equally important to make a successful trade.

when i'm lazy (most of the times), i just let robot trade for me

managing time is really important for any kinds of trader even for the traders who are particularly beginners.

The most important things while trading are the emotions and time management. I think you would be fine tho if you know what you are getting yourself into and not expecting much. If you want to be big, then trading is your time. Like all of your time.

New traders are failure in this market just because they have less understanding over the market. see these types of traders run wrong approaches over the market which result in losses.

Making a strategy is the result of persistence, perseverance and hard work. At last, try to select a good trading broker for better trading environment.

KAnthony posted:

WMWM posted:
when i'm lazy (most of the times), i just let robot trade for me

hi. what ea you use in trading??

many that i explored. even free ea have good performance given the right setting

Time management in trading teaches when to trade, when to cut your losses and when to lock in your profits.

Time management is crucial in life as well as in trading. Those who are disciplined and intelligent understand the market’s pattern and make moves accordingly. It is important to time each trade right to gain the most profit.

Prioritize your goals, and that will help you with effective time management in trading.

Time management is something everyone wants, but a few have xd. I am lucky to be very calculated and responsible about my actions.

Cothurnal posted:
The mobile forex platform will make your life very easy.

Agreed. A good broker with a trading app is a must nowadays for me. Makes my job very easy. There is CDO Prodigy, don’t know if you ever heard , but that’s a good app.