How To Trade Before Work & School l Part Time Forex & CFD Stock Trading

If you’re watching this, you probably have
a passion for trading financial markets and most likely you hope to turn one day this
passion into a full time profession. You probably enjoy learning about the markets,
trading, investing and finance, but you might have a major problem preventing you from moving
on to the next level and that problem is time. Having a full time job, or going to studies,
or having a busy schedule doesn’t mean that trading should be out of your reach. You don’t have to be in front of the charts
all day to trade profitably. In fact, not being in front of the screen
all day might be a huge advantage. So today we’ll discuss about the simple
steps you should take in order to trade successfully even if you have a 9-to-5 job, go to school,
or simply want to allocate more time to your friends, family or other hobbies. Before we continue, if you are new here, make
sure you subscribe, turn on the notifications and leave us a like to show your support. The process of developing and refining a trading
program based on your other daily schedule, is an ongoing process. This is not something you do one time; it
is a continuous process that begins with ideas, progressing to transforming those ideas to
actionable trading systems, and then monitoring the results. If you want to maximize your chances and actually
make some money trading part time, while having other activities, you need to incorporate
7 steps into your daily routine. Number 1. You need to adapt yourself to swing trading. I have some potential bad news for you. If you like day trading but don’t have time,
it’s very hard to make consistent profits on a daily or weekly basis. Swing trading, on the other hand, is very
popular among traders for two main reasons. First of all, trading strategies of this type
usually include entry and exit techniques that involve monitoring the charts, perhaps
even once or – usually – twice a day. This relatively relaxed program is very suitable
for those with an active life and full-time jobs because swing trading is a style that
involves holding a position in a traded instrument for a short period of time, typically between
a few days to a few weeks. So, forget about day trading and focus on
swing trading. Number 2. 4h, daily or weekly timeframe. Since you have a day job, or other activities,
you will have a very limited number of hours to study and trade. Therefore, you should limit yourself to trading
the 4 hour, daily or weekly timeframe. If i had to suggest one timeframe for people
with 9 to 5 jobs, it would be the daily timeframe. This allows you to check your charts for a
few minutes, once or twice per day. The trading reality is that the lower the
time frame, the less accurate any trade setup becomes. When you trade the higher time frames you
get a better picture of what is really happening in the market because most of the market noise
on the lower time frames is eliminated. And this is a very good for you because there
are so many opportunities on the 4 hour and daily charts and concentrating your mental
energy on lower time frames could become quite inefficient. So, swing trading and higher timeframes. Number 3. Find time to research and analyze. Now that you know your style and your timeframes,
you need to make your analysis. Swing trading may require less time than day
trading, but you still need to do your homework. No strategy will succeed if you just blindly
trade on the daily chart. Now, depending on your schedule, you can analyze
the markets whenever you have free time—before work or school, after work, or during the
weekends. Many traders find that the weekends are the
perfect times to build out a trading plan. And then all they have to do as the working
week begins is follow that plan, so that they have the minimum amount of daily work to do. So, take the time to research and analyze
carefully because the more information you have, the better you will be able to plan
your strategy for the coming days. When researching and analyzing, focus on recognizing
relevant support and resistance on higher timeframes, understand momentum and volatility,
identify if your trading a range or channel, or a strong trend and recognize chart patterns,
in both trending and range-bound markets or any other analysis you feel comfortable with. The 4th step: set buy and sell prices ahead
of time. Once you have made your analysis, choose the
instruments you want to trade, stocks, currencies or cfds and identify the prices where you
will buy and sell. Your goal is simply to buy and sell at the
best prices, so use your research to identify the acceptable prices beforehand. Not only this will this allow you to execute
quickly during trading hours (when you have some time between meetings and other tasks
at work), but it will also help you avoid making trades based on emotions. So, when you leave the house, no matter if
you made your research late the other night, or in the morning, you already know your buy
or sell prices. Number 5. Use ranges instead of exact prices. As a swing trader, you won’t be able to
monitor price movements every minute of the day. That is why you should use price ranges rather
than exact prices. This will give you some flexibility, but be
careful not to take it too far. You still need to be strict with yourself
when executing your plan. You might get impatient when the price gets
close to your defined range, but don’t be carried away by your emotions. Swing trading requires patience and discipline,
two psychological issues most traders fail to deal with during their trading program. Number 6 and probably the hardest step for
most traders: stay consistent and disciplined when executing your trading plan. Because you already planned your trades ahead
of time, you won’t need a lot of time to execute them. Set aside even just 15 minutes of your lunch
break to check on your charts. If you see that the prices have reached the
buy or sell range that you set during planning phase, then simply execute the trade. Or if you’re very busy, use limit orders
and let the market come to your best price. But if you don’t like limit orders and use
classic market orders, if the prices have not reached the defined range when you were
planning your strategy, hold your position and check the market again tomorrow. Of course, if the day passed without any trades,
it’s better to re-adjust your analysis. The most part of it is already done, you just
have to re-adjust some levels, and search for other clues that might interfere with
your initial plan. Number 7: let technology help you monitor
your trades. Nowadays, you can access everything with just
your phone and a wifi. There are many free services and apps that
can help you monitor the markets on the go. If you have a very demanding schedule, you
can also use some services so you can get messages and emails whenever a stock or currency
hits your defined buy and sell prices. This way, you can react instantly to market
events, by receiving alerts for desktop or mobile. If you’re relying on technical indicators,
you can use a screener for technical indicator notifications. You can find some free screeners that allow
you create notifications using popular indicators like moving average, rsi or other common indicators. If you’re strategy is more complex, there
are other useful screeners that will allow you to create simple or complex conditions
by combining different indicators. So, take advantage of technology, it can save
you a lot of time if you have a busy daily routine. Now, trading, like business, sports or art,
requires a consistent effort over a period of time and going into trading can be a real
challenge if you don’t have a clear plan and system for trading. Like any other activity, if you start with
realistic goals, good education and quality practice, you will eventually gain an advantage
over others and get ahead of the game. Learning how to swing trade successfully may
seem like a full-time job at the beginning, but once you’ve mastered your strategy and
your technique, your trading program will requires only part-time hours. If you’re casual and unstructured about your
trading, you’ll experience losses, while those who take trading seriously and work on refining
their technique will most likely succeed. Now, if you found value and learned something
new, make sure you subscribe to our channel, turn on the notifications so you don’t miss
future uploads and leave us a like to show your support. Until next time.

18 thoughts on “How To Trade Before Work & School l Part Time Forex & CFD Stock Trading

  1. If you learned something new, Subscribe & Like this video (it only takes 5 seconds but will help us a lot 👍)
    ▶ Ready for some TRADING and INVESTING action?

  2. Hehe, I have 7 alerts on my phone, I trade even in the bathroom 🙂

  3. very true, since I started trading on the D1 chart, my results got better. I was an avid scalper, trading only on the 5 and 15 min charts, now I only trade on higher time frames. Keep up the good work.
    PS: a video about HeiKen_Ashi would be nice

  4. even ur channel is small but you have a knowledge of gold . i also do swing trading and i m more focused on developing new strategies according to new market scenarios.

  5. Thanks for the knowledge sharing. Your videos contains good knowledge and expertise. Great work.

  6. 3:50 How to avoid movement like that sir?
    Bottom right side.

    Near your logo.

  7. i really like the subjects you pick to talk about. could you make a video about in the future? comparing day and swing search. for expl.: how often do u need to sesrch as a swing trader with 9 to 5 jobs ect…keep up the good work!

  8. I love his voice. I can't stop listening to it. And his videos are freakin' awesome. That being said. Higher time frames have some major pitfalls though. If you trade the daily chart and have a set up, it doesn't mean price will move the same relative distance as a shorter tf because momentum isn't the same. It takes a lot for force to move a pair 300 pips. The chances are it will only move within 100 pips and just move within a 100 pip range which means you are back to being better off trading the hourly chart.

  9. I'm gonna have to watch this every day just to hold down my discipline and emotions.. Thanks for posting.. Sound advice.

  10. no idea why this guy dont have milions of views, your videos are sooo accurate. Thanks and keep it up

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