If you are finding it hard to find time to trade because you are too busy with work, family or other responsibilities three tactics are designed for you.
No time to trade?
Why do busy people often feel worried about trading? They find it hard to trade because of time. They may not have time in their schedules, not have time during the market’s open hours. There are a lot of things to take responsibility: very busy full time job, family with 3 “crazy” kids, a lot of housework everyday… Let me tell you the truth. Make everything simple and relax! Come on! You don’t have to sit in front a screen all day to be connected to the market all the time. You sure don’t have to limit your trading to a certain time of the day. There are lots of ways to trade, many different styles. I’m here to reveal three techniques to help the busy trader make time for what’s important, trading.
You should use a long-term chart like the daily chart, possibly the hourly depending on how much time is available and targeting longer term swings in prices. You’ll get two-fold benefit: freedom to go about your business and larger rate to return. You should get away from the short term intraday scalping techniques that require active attention.
Three techniques for busy people who want to trade
#1 – Really Busy – To pick one day each week and make trades on that day only. I suggest you to look at the news and charts on Sunday evening and place your trades early Monday morning. The trick with this strategy is to blend technical and fundamental analysis in a way that allows you to make a trade based on what you think is going to happen that week.
#2 – Not as Busy – Congratulation! You can probably find time once per day to look at the charts ad make a trade or two. In this case you may want to use the daily or hourly charts for your analysis, sticking to trends and watching out for support and resistance. A decent understanding of the fundamentals will also help. You can use any indicators you like, but only follow accepted entry points that are consistent with trend and your analysis.
#3 – Off-Hours Trading – If you have time to trade each day but not when the local market is open. It’s simply you should look for a market that is open. There are only a few hours each day in which no equity market is open and no hours except the weekend in which forex is not trading. If you can only trade on the weekend you can always turn to cryptocurrency.
NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
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