Part-time forex operations can be a successful way to supplement your income, regardless of your situation or schedule. Even if you work full-time or have a part-time job, you can find the time to trade in this potentially profitable market. Read on to get some tips to help you get there.
TUTORIAL: Forex Currencies

The keys to success in Forex - with the right trading tools (e.g metatrader 4 on iphone)
The key to being successful in Forex is to specialize in the currency pairs that are traded when you are available to trade, and to use strategies that do not require constant monitoring of the portfolio. An automated trading platform may be the best way to achieve this, especially for new operators or those with limited experience. (See some common mistakes that often make Forex traders stumble on The main reasons why Forex traders fail.)

1. Find the correct pairs to operate. Although currency exchange occurs 24 hours a day during the week, it is best to negotiate during peak volume hours to ensure liquidity. Liquidity is the ability of a trader to sell a position, which is much easier to do when the market is more active. Assuming you work from nine to five, you will be available to negotiate early or late in the day. Depending on the currency pairs you operate, there may be a large volume at the end of the day. Or the time may be the right time to trade.

For small traders with mini accounts and beginners who lack experience, experts advise changing US currencies against various foreign currencies. Even the most experienced traders prefer to trade US currencies against other foreign currencies, although many forex traders with knowledge will also exchange currency pairs.

The vast majority of the dollar volume traded in the currency markets occurs in the currency pairs below. Due to the good liquidity in these pairs, it may be prudent for part-time traders to restrict trading to these fast-moving currencies. (For more information on world currencies, read the 8 best-selling currencies.)

References: https://www.youtube.com/watch?v=14FbmDpoTdE


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Last-modified: 2018-08-09 (木) 22:44:24 (8d)