Limited Time To Learn Forex?

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Unreal

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Hi,

I would love to trade forex however I just dont have the time to learn to stop work and do a full time/part time course even or travel what would be my best choice forex robots i dont mind losing a few trades at least I can see the system working a little I will be fine.

Thanks.
 
Unreal said:
Hi,

I would love to trade forex however I just dont have the time to learn to stop work and do a full time/part time course even or travel what would be my best choice forex robots i dont mind losing a few trades at least I can see the system working a little I will be fine.

Thanks.
Click to expand...

quality post.
I can send you a bot, email me at [email protected]
 
2 things. 1 Trading is hard, harder that you can imagine. If you're not committed 100% it wont work. 2 If you truly have limited time on your hands stay away from daytrading. Try to get in on trends on the daily or weekly charts. That way you can spend a few minutes a day moving stops and checking positions and have a life in the process.
 
It needs attention. not all day, which is tiring, but I do not believe that trades can be left. Not because the stop will not work and leave you with a profit but, because you will not be there to enter again. To me, that is very important.

Yesterday, between 0834 and 0839, I took 17 points on Footsie. but only because I was there. It happened so quickly that I knew that those points should be snatched and I closed. I'm not a great believer in lines and things, except as a rough guide.

My advice to you is to dedicate some hours to trading or leave it alone but this depends a lot on a trader's own style and character and not everyone will agree.
 
If you can't be @rsed to put in the effort then you better off becoming a politician since they seem to do kookall too
 
Unreal said:
Hi,

I would love to trade forex however I just dont have the time to learn to stop work and do a full time/part time course even or travel what would be my best choice forex robots i dont mind losing a few trades at least I can see the system working a little I will be fine.

Thanks.
Click to expand...

In order to become proficient (not profitable, simply proficient) at this game you will first need to be able to dedicate at least 12 months of screen time in the first 12 months...Can you do that? There is IMHO no shortcut to that, you would be one in a milion (and they do exist) who starts trading part time, then becomes profitable, then hands notice in at work to become a full time trader. For the most part that journey is fantasy peddled by vendors.

Successful retail traders either spin out of a directly related industry (with a cushion of cash), or do it full time from day one.
 
Alternatively, you can simply identify stocks that are going up .... and buy after several consecutive green candles. Or sell stocks that are going down after several consecutive red candles. I believe that this is one of the favoured methods in this forum :p

Black Swan said:
In order to become proficient (not profitable, simply proficient) at this game you will first need to be able to dedicate at least 12 months of screen time in the first 12 months...Can you do that? There is IMHO no shortcut to that, you would be one in a milion (and they do exist) who starts trading part time, then becomes profitable, then hands notice in at work to become a full time trader. For the most part that journey is fantasy peddled by vendors.

Successful retail traders either spin out of a directly related industry (with a cushion of cash), or do it full time from day one.
Click to expand...
 
Splitlink said:
It needs attention. not all day, which is tiring, but I do not believe that trades can be left. Not because the stop will not work and leave you with a profit but, because you will not be there to enter again. To me, that is very important.

Yesterday, between 0834 and 0839, I took 17 points on Footsie. but only because I was there. It happened so quickly that I knew that those points should be snatched and I closed. I'm not a great believer in lines and things, except as a rough guide.

My advice to you is to dedicate some hours to trading or leave it alone but this depends a lot on a trader's own style and character and not everyone will agree.
Click to expand...

Good point. I honestly believe the more screen time you log the better you can become, Just like any other skill. I just don't have the ability to log it at the moment. I still manage to get a couple hours every night during the asian session. My actual trades themselves are on the daily timeframe with a stop based on the ATR. Its painfully slow trading, but it's a great excersize in patience and discipline. And my trading is starting to sorta come around. Sorta....:confused:
 
Splitlink said:
It needs attention. not all day, which is tiring, but I do not believe that trades can be left. Not because the stop will not work and leave you with a profit but, because you will not be there to enter again. To me, that is very important.
Click to expand...

Depends... my 9:30pm is the NY open. Sometimes, I leave trades on to run the rest of the day.

Friday was a nice one - they obviously don't all work out like this...

attachment.php


Re-entering is not an issue for me as I only do this when I'm too tired to carry on.

Thank heaven's for Ninja's exit at time....
 

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Rooster34 said:
Good point. I honestly believe the more screen time you log the better you can become, Just like any other skill. I just don't have the ability to log it at the moment. I still manage to get a couple hours every night during the asian session. My actual trades themselves are on the daily timeframe with a stop based on the ATR. Its painfully slow trading, but it's a great excersize in patience and discipline. And my trading is starting to sorta come around. Sorta....:confused:
Click to expand...

A couple of hours a night is a reasonable amount of time.

Where are you ? West Coast US ? That's probably the worst place to be if trading in the evening.

Europe is good - you can catch the US close in the evening. In Asia you can catch the US open.

When I'm in LA, I'll get up at 5am, have a run & then be back well in time for the US open.

If your free times are market dead times, then it would be tough.
 
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