Tag Archives: How to Trade Forex for a Living and Still Work Your 9 to 5 Job!

How To Trade Forex After Hours-While Keeping Your 9 to 5 Day Job!

 

This blog post is written to help wannabe traders, how to make money out of trading the Forex currency market while in order to earn some extra income and at the same time being able to keep their 9 to 5 day job.

Majority of the Forex trading platform will encourage you to trade the markets as an intra-day traders because it is not only beneficial to them, but also because they do not have your interest at hearts.

They are concern about, themselves and they are only interested on the Success of their own Company.

Now Checkout the video below to learn how to Swing Trade For a Living without having any stress associated with day trading:

For example if you open any live trading account, they will give you everything for free, like trading charts, Forex trading tools like Fibonacci levels indicators, RSI, Stoichaitics, moving averages, Average True Range and many more.

They will also give you all the necessary Financial News in order to help you make an informed trading decisions and some brokers will even went to the extent of giving you someone who will be your forex trading advisor, for the mere fact that they want you to invest your hard-earned money in their trading platform, so that they can benefit from you irrespective of whether you lose or make money.

The other important thing to learn is reading and understanding  Price Pction or otherwise you will loose money on Buying Fake outs.

Majority of good forex trading platforms will let you open a free Forex Trading Demo Account, so that you can learn to paper trade without having to use your real money for a month and with some trading platforms a Demo account can last up to 3 months.

The reason why almost each and every trading platform will encourage you to trade using some small time frames from 15 minutes, 30 minutes and up to 1 hour is because forex traders make money from trading spreads.

In most cases, when you trade using small time frames, you will open a couple of trades per day and therefore your trading platform will make a lot of money from you in the form of trading spreads irrespective of whether you lose or make money.

Now as an End of the day trader, you will open few trades per day when trading long time frame charts like 4 hourly, daily or even weekly charts.

This will not only make you a profitable trader, especially if you work your 9 to 5 day job, but it also will give you a trading edge as you don`t need to be glued to your Computer and watch the markets the whole day.

The other advantage of trading the long-term charts is that, the Signals are more reliable, compared to trading short time frames.

The other advantage is that you will make more pips of between 100 and 300 pips per each and every trade you open if it goes in your preferred direction.

The only disadvantage is that, you stop-loss levels are also huge in other to cater for this big daily candles moves but with proper money management and correct position sizes this should never be an issue at all.

The other advantage of trading on an End of the Day Basis is that, you can trade even during the News announcements and make even more money without worrying that your stop-loss level will be hit by the volatility cause by Major News Announcements.

As it can be seen there are many advantage of trading forex using End of The Day 9 to 5 trading methodology, and the most important part is that, you only need 20 minutes per day to analyse the market early before you go to work and in the evening after coming from work and over time you will slowly but surely grow your income.

The other good thing is that you can go on with your life by earning money from your current employer, do all the things you like as usually but yet having a  side business that you manage by just investing a mere $1000.00 to $2000.00 which is a good thing indeed.

Thank you for visiting my website, and I hope you did enjoy reading this article and above all you will now use the information you learn here in order to finally start your side business to grow your income in order to pay for your child College Tuition fees or make the extra money to pay for your dream vacation.

The secret is to grow your money slowly and be patient and over time you will finally get there without being greedy.

From: Patrick Sekhoto

Http://www.Bannaga.com/

 

How to Trade Forex for a Living-While Working Your 9 to 5 Job!

Many people want to learn to trade Forex while still working their 9 to 5 jobs

But the challenge is to find a reliable trading system that is tried and tested to produce winning trades on a consistent basis.

The other challenge is to find a reliable Forex trading mentor who not only interested in selling you his trading strategy for the sake of making a quick cash from you, but someone who really interested in helping you out.

In this article I want to share with you my real live experience about how I went about finding a good forex trading mentor who can help you learn how to trade the currency markets in order to earn some extra cash while still working your 9 to 5 job.

The first thing you need to know is that forex trading is a very serious business just like any bricks and mortar business out there, and therefore you need to put everything in place in order to become successful while still doing it.

The first thing you need to do is to invest your hard earn cash, in paying for the services of a forex trading mentor.

The reason why this is so important is because you will learn from an active trader, who will guide you to avoid some the pitfall associated with trading the foreign currency market, and you will also be in a company of other learner traders and therefore you will share some experience.

Whether you like it or not, you will still make some trading mistakes and you will lose some money when trading the forex markets, but what is important is that you need to learn how to manage your loses with strong money managements rules, so that you do not run a risk of blowing all your trading account.

In fact most guru traders suggest that, you need to only risk between 1% and 2% of your trading capital for each and every trade you open.

The only challenge for enlisting the services of a Trading mentor is that, they are expensive and therefore the next option available to you is to pay for the services of a Forex Trading Signal provider.

A signal provider is also a fulltime Forex Professional Trader, who will send you some trading Signal telling you which currency trading pair to buy, where to take your profit and where to put your stop loss level in order to protect your open position and not to put all your trading account size at risk.

The trading signals can be send to you via an e-mail, a cell phone message or even some trading Signals providers will give you logging details so that you can login into a private members website and just follow them there.

This is very good indeed because you not only learn from the Forex trading Signal provider but you also learn from other fellow student traders as well, which will really make your trading live very easy indeed.

Now the last option to you can explore if you are still serious about following you dream of becoming a part-time forex trader in order to earn some extra cash while still working your 9 to 5 job to pay your bills is to buy some online eBooks courses and learn how to trade yourself through trial and error.

There are many Forex trading courses out there, which are designed for traders of different experience levels, from beginner traders, Intermediate to advance traders. But one thing I need to warn you about is that, majority on new traders think that in order to earn some forex pips on a continuous basis, they need to buy a 100% No loss trading system.

If you can fall onto this trap not only will you waste you valuable time,money and energy jumping from one Forex trading strategy to the other, but you will never become a true trader because you will end up being a more confused trader who does not have his or her own identity.

Now hear this, majority of people who sells forex trading strategies are traders who fail to make money out of trading the live currency market, and end up as Forex marketers who earn a living by selling you Forex Trading eBooks.

The reason why this is so is because 95% of people who learn how to trade the currency markets fail and end up quitting after blowing all their trading Capital.

In closing I like to tell you that in order to become a successful forex trader, who earn a living from trading the markets part-time or full-time you need to master the following three things:

  • Become a discipline trader with strong money management rules.
  • Have a reliable Forex currency trading strategy.
  • Have Trading Edge by trading only deliberately tradable markets in the direction of major trend.

I will elaborate more in my next article on the above mentioned points, so that you can know how to give yourself a trading edge, please come back next week to read my full article whereby I will be revealing in details how to trade like a real guru, even if you have never trade before and give yourself a trading edge.

Thank you for reading this Blog post I hope you have learned one or two things, from it and use the knowledge shared her to help you become a better trader.

From: Patrick Sekhoto

Http://www.patricksekhotoblog.com/