Being a forex trader is a viable option. Some are full-time traders (part-time traders) and part-time traders. Yes, forex trading does not have to be completed ahead of the chart or laptop. Being a forex trader is fun. In fact, you can choose to become an FT trader or PT trader.
You can be successful as a trader PT without having to interrupt your main activity schedule. So you can earn additional income from forex. Here’s how to become a part-time forex trader.
The key to successful forex trading is to include specializing you with trading in one pair. Then use a special strategy that does not require constant monitoring of trading accounts (on and on). For those of you who want to be a trader PT, automated trading may be one of the best ways to achieve this, especially for new traders or people with limited experience.
Focus on Special Pair
Being a trader PT certainly does not have much time to do the analysis and make a trading plan for all pairs. You should find a pair that is suitable for you trading according to the time and ability you have.
Although forex trading occurs 24 hours a day throughout the week, the best time to trade is the time when the volume is reaching a peak or high to ensure liquidity. For example, you choose the trading pair GBPUSD then the trading time is in the range of 15.00 WIB until 00.00 pm dawn.
Or you will be advised to choose a pair paired with USD.
PT traders can choose to own trading or choose an automatic trading program to do trading. The purpose of automatic trading is to use the pending order (limit and stop).
Please note that if the position order has entered the market, there is no guarantee that the order will be executed at the expected price, especially if there is market fluctuation or hectic.
Or you want to use automatic trading such as a trading robot or expert advisor. This can also be done but there is no guarantee that the robot is said to succeed will continue without being monitored.