Bousine123
Captain Junkie
For someone who has a short time like you said, then you should be a swing trader. This will allow you use higher time frames because you cant be monitoring trades.
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Trading forex part-time is not very ideal.Many people choose to become part-time forex traders when they get to know the world of trading. Although part time traders do not have the great opportunity to take advantage that may come all the time and most part time traders use their free time to trade. Many friends recommend choosing a currency pair with more active movements and using Stop Loss Orders in Every Trading Transaction. So what do you think, which strategy is most suitable for part-time Forex traders, or maybe you have a different opinion?
So people can actually trade on forex on part time basis?Many people choose to become part-time forex traders when they get to know the world of trading. Although part time traders do not have the great opportunity to take advantage that may come all the time and most part time traders use their free time to trade. Many friends recommend choosing a currency pair with more active movements and using Stop Loss Orders in Every Trading Transaction. So what do you think, which strategy is most suitable for part-time Forex traders, or maybe you have a different opinion?
I think scalping strategy will mostly work since you are interested to get a quick profit within a short period of time. This is what so many people are using to trade the markets when they do not have time to engage in swing trade.One of the strategy that i am most conversant with,is the one of stop loss strategy,because it is a form of conservative style of trading for me,as it will not allow me to get into some major loss.
Well as for my trading personally i have not really tried the strategy of scalping,though i have been making use of the stop loss method,maybe i will try that method and see how it goes.I think scalping strategy will mostly work since you are interested to get a quick profit within a short period of time. This is what so many people are using to trade the markets when they do not have time to engage in swing trade.
Stop loss is not actually a strategy , it is one of the features that is being used in so many exchanges and brokers to prevent traders from losing a huge sum of money as they can easily set their stop loss and take profit order.One of the strategy that i am most conversant with,is the one of stop loss strategy,because it is a form of conservative style of trading for me,as it will not allow me to get into some major loss.
Well as for my trading personally i have not really tried the strategy of scalping,though i have been making use of the stop loss method,maybe i will try that method and see how it goes.
Some of the newly upcoming ones may not be trusted . it is some how risky as most cryptocurrency could rugpull. It is saver to invest in forex than some low market coin in cryptocurrencyIf you are looking at trading assets and you want to be doing it over the long-term then you should look at cryptocurrencies where you are going to be hunting for low cap gems.
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