This Sacred Article Is Special For Part Time Traders

Continuing the previous article, the first step that needs to be done for those who trade part-time is to line up the trading style that suits the time available after working hours.

The importance of the appropriate trading style is that we can set the time zone which is most suitable to look at the chart and study the price movement.

In Malaysia, our working hours start at 8 or 9 am, similar to the Asian market opening hours.

And the time we punch out of work is at 4 or 5 pm, that time is the active time for the European market.

While the night at 8 pm the New York market opened, overlapping with European time, making it the most active time for the Foreign Exchange market.

And if someone works shifts, trading times are easy to choose.

Look back at the active market time, it is in the evening and night which is the time after work.

FXD session and this is where the sacrifices of time that need to be taken to hone trading skills and generate income from home come.

And there are actually several trading styles to choose from and it depends on your suitability namely:

  1. Scalper
  2. Day Trader
  3. Swing Trader
  4. Position Trader

These four styles have differences in terms of timeframe, a number of pips per trade, and so on. The importance of knowing which style one depends on one’s own time and personality.

Notice, a lot of emphases is on self-sufficiency and this actually refers to your decision.

To succeed, the choice is in your hands.