Learn three different ways you can trade Forex with a job
Learn three different ways you can trade Forex with a job
Different ways you can trade with a 9 to 5 job Before I became a full-time trader, I used to work in a bank, and I would deal with people at the front, so I would always deal with people right, so I didn’t have any time to trade while I was at my job. 9 to 5, some people who work from home can have a screen here, but I didn’t do that.
Different ways you can trade Forex with a job
The only way I could trade was when I would wake up at 2:00 in the morning for the London session, and then I would trade. I learned everything I could while I was still developing. I would trade until I had to go to work, which was around the time of the New York session, and then During a New York session, I was always with clients, going home, going to sleep, waking up, and doing it again, the process completely crushed me over time because I was so exhausted.
Some people might be able to work that way, but for me, there was no way I could. After a series of months, I drove myself to the ground, and my trading paid the price for it. I lost a lot of trades because I wasn’t awake. I would wake up, and with the settings, I wasn’t awake, and it wasn’t optimal.
What session can you trade in?
So, I will implement something instead of doing what I was doing, and I’ll talk about that later. If you have a 9-to-5 job, I first want you to decide what session you can trade in. We have the New York, London, and Asia sessions, so what I want you to do depends on where you live in the world.
I want you to dictate when the session that you can trade is okay, so like I said, Asia London or New York, what I want you to do is pick a currency pair that moves during that session, so what I mean by that is if you’re trading in Asia, Trade AUD/JPY, USD/JPY, or AUD/USD.
Movement of currency pairs in Forex
You can trade GJ or any pound pair if you want to. I would say these pairs are best for day trading and the London session if you are trading the New York session.
You have more pairs. You can trade any of the major currency pairs, which will be the best pairs to trade in New York. You can trade any of them except the pairs, which I suggest are best for the New York session.
This is important because you want to pick pairs moving well during those sessions. It isn’t easy because if you choose a pair that is not in its session, it will most likely be consolidating. There won’t be a lot of volumes, and when you make those trades, it won’t go your way. You are most likely entering a period of low liquidity.
Forex trading occurs when institutions move money
We want it to be traded when institutions move money during sessions with those currency pairs. Now, I’m going to explain to you the one thing I would change if I could go back in time. I can’t, but after a lot of thinking about how my journey was and how I trade now, I think this will help you tremendously if you have a job from… 9 to 5, so the best way to deal with a 9 to 5 job is to be a swing trader is the best way.
The reason is that swing trading gives you much more freedom throughout your day, and I love swing trading now. Even as a full-time trader, I can day trade every day because of the freedom it allows me to let you know I could go to Toronto that day and help. My friend is on a business project, and I can see my parents.
I play golf, and I can do all those things while still working, and that’s something I wish I could go back to and change; hopefully, during that period, instead of running to the floor, I was swing trading.
Have the strength to trade Forex
The power is that you can set and forget that you can put your pending limit and let it do what it wants. It will either hit your stop loss or hit TP throughout your day, which can be helpful if you are like me and want to work on other trading projects.
Suppose you only have a 9 to 5 job and can’t look at the charts during that 9 to 5 job, as I said earlier in the video. In that case, some people are fortunate because they work from home. They’re able to do both, but if you’re like me, Or maybe you work in construction or something like that, there’s no way you’re going to be able to verify your trades, there’s no way you’re going to be able to trade during that period.
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