Consistency while working

[Luyas]

Guys is it possible to be consistent in forex while you have 7 to 4 job..? I find it difficult to cope..I even take low probability set-up

 

[spiritfenrir]

I think yeah, it is possible to be consistent while working on something else.

 

[Robert Hills]

Forex is not something that you can aim for a lot of money in a short amount of time. It takes a lot of effort and time to aim to earn a big amount of money. If you're going to spend a short time and want to make thousands of dollars, that's probably not suitable in the forex market. Traders can even learn trading from their broker. I also learn to trade from my broker Eurotrader.

 

[TraderKB]

This is a good question. I think it is possible to some degree. But the most realistic approach will be of course a swing trading approach of course. Here's my thing, and if someone can help me with this i will greatly appreciate it: swing trading opportunities are not so many, but I want to increase my odds. would it be feasible to say? arrange to start work at 9? wake up at 5 or 6 every day analyze your pairs that will play out through the day into the next type of situation or? do one analysis for the week...how does anyone tackle it?

 

[queenb4u2nv]

Definitely possible to be consistent and profitable while working a full time job.

 

[Dal Kelley]

Am new to Forex and am trying to learn this market.

 

[Charles Agustin]

Your perfection will bring consistency for you. To bring perfection in a trader’s trading, there is no alternative to demo trading. But don’t trade on demo based on wild guesses rather follow an educational program and apply your earned knowledge on demo account.

 

[Fin_Trader]

Guys is it possible to be consistent in forex while you have 7 to 4 job..? I find it difficult to cope..

If you work full time, try trading on higher timeframes. With this type of trading, you do not need to constantly analyze the market like in scalping or intraday trading and make frequent trades, here it is important to enter the market correctly and then just wait for the accumulation of profit on open orders in the direction of the general trend, which can take days and weeks and during this time you can calmly work at your main job.

 

[niagaon9]

tips you can try to be consistent in trading:

Use Multi-Time Frame Analysis: View trends in multiple time frames, for example H4 and M15. If the trend in H4 is up, try to focus on buying opportunities in M15 or M5 when the price undergoes a correction.

Use Confirmation Indicators: Add indicators that can help confirm the direction, such as moving average, RSI, or stochastic. For example, if the moving average shows an upward trend and the RSI or stochastic shows an oversold price, this can be a signal to buy.

Set Clear Stop Loss and Take Profit Targets: Use Stop Loss to limit losses and Take Profit to lock in profits. Make sure the target TP is greater than SL, for example with a ratio of 1:2, so that you still profit even if you experience losses more often.

Patience Waiting for a Strong Setup: Don't rush into the market. Wait for the setup that really suits your strategy. If all the signals match, then take the position.

Avoid Overtrading and Good Money Management: Do not enter positions too often or use large lots. Make sure each entry only uses a small part of your balance (usually 1-2%) to reduce the risk of MC.