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YANG LAGI VIRAL
Strategies for part-time forex traders By Nickolas Lioudis
Very few people are available to trade forex full time. Traders who have to make their trades at work, lunch or night find that with such a fluid market, trading sporadically throughout a small portion of the day creates missed opportunities to buy or sell. These missed opportunities can spell disaster for the part-timer trader.
TUTORIAL: Top 10 Forex Trading Rules
The risk of missed opportunities notwithstanding, there are strategies that can work based on a part-time schedule. For example, those who trade at night might be limited to the types of currencies they trade based on volumes during the 24-hour cycle. These night traders should employ a strategy of trading specific currency pairs that are most active overnight. An example would be trading the Australian dollar (AUD) / Japanese yen (JPY) pair or the New Zealand dollar (NZD)/JPY or AUD pair. It is important to analyze the correlation between currencies when choosing a pair, as having time during the day to study the market and implement trades can lead to a successful strategy (For further reading on forex trading, see "How To Place Orders With A Forex Broker.")
The main problem as a part-time trader is – you guessed it – time constraints. Here are some strategies for trading part time when you have an inconsistent schedule.
Know Your Forex Markets
Assuming you work nine to five in the U.S., you could trade before or after work. The best trading strategy in those time blocks is to pick the most active currency pairs (those with the most price action). Knowing what times the major currency markets are open will aid in choosing major pairs.
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