4 ULTIMATE HACKS FOR COMBINING FOREX TRADING WITH A FULL-TIME JOB

Forex trading is an interesting source of income: to many it is a full-time job, while to others, it is barely a second source of income or a ‘side hustle’. Managing a trading career with your regular job may be draining, mainly because a lot of time management will be required for you to achieve excellent results at both. If youre struggling at combining your trading with your job, you need to understand that it is possible to do both. Fortunately, in this post, I present you a carefully curated list of 4 ultimate hacks to getting excellent at both.

#1. Focus on one trading strategy

One major challenge with traders is that they tend to have several strategies which they apply in a trial-and-error format. If youre one of those kinds, it is probably time to let some of those strategies go. When picking a strategy, be ruthless and select only the ones that have given you the best results.

#2. Get a Robot for Trading

For traders who work full-time jobs — and every trader, really — automating everything is bliss. You can program a trading bot to enter trades on your behalf. This will allow you to:

● Follow verified strategies from fellow traders

● Improve your trading discipline with automated entries

● Manage trading positions when youre away with work

Whats more, the best thing about automated trading is that many bots come with your trading strategy already programmed into them. Some bots also come with multiple strategies which you can adopt on your own.

#3. Avoid Monitoring the Markets 24/7

Apart from the fact that a full-time worker cannot afford such a luxury, staring at the charts for hours on end can be hypnotizing. Worse still, there is no point babysitting the screens. Your presence in front of the screen will not move the market, and most traders dont give their trades non-stop attention.

Trade at a specific time

Having a set time table for trading is possibly the best way to combine working and trading. You can set a specific time to plan or enter your trades, depending on your work schedule. The best time to do this is usually the evening since market volatility during this time affords you many trading opportunities.

#4. Free yourself with alerts

This is another important aspect of automating your trading life. Most trading platforms have notifications that can inform you about certain important events such as:

● A price level being breached

● When orders are triggered

● Chart patterns forming

● Indicators meeting certain conditions.

You may also set these alerts to notify you via email or on your computer. There are a lot of tools that can make trading easier for you, and these alerts make sure that you can easily juggle forex trading with a full-time job, until you achieve financial freedom.