top of page

part time trading ?


interesting question from a newbie on the trade2win forum i am a member on

Hi all,

I've spent the last 3 years investing in funds which has given me a decent return. I have always been keen to understand the fundamentals and technicals of investing and I have spent the last 2 months reading as much as I can, watching videos, going through books. I just simply don't have the time to be a day trader more of a investor I guess.

My question is can this be a 'part time thing' ?

I've attempted to answer basic questions i feel may be asked

1 Do I want to make money - Yes, but can live without it as my full time job provides enough 2 Am I happy losing money....No but accept this will happen, although I mitigate risk 3 How much time can I put into research....Currrently approx 10 hours per week looking at fundamentals/ looking at charts etc.. 4 What are my aims - To understand Technical and Fundamental analysis to the point of having a strategy, sticking to it while learning along the way 5 - how much money are we talking about - £4,000 at present

I fell I've learnt a lot, but still just lacking a total and complete strategy

heres my thoughts..........

hey there

you are like 90% of the people i talk to .........and there is no accurate answer but there are a few hard brutal realities for you to digest

TRADING

the more time you spend on learning and trading the markets the more chance you have of reaching your trading / investing goals....but still not guaranteed

you will need a minimum of 10,000 hours of research and training to be even halfway to being a good trader .......and ive trained many traders

if you want to be an amateur / hobbiest then admit it and wear it ...........its no disgrace .....in fact its always huge respect from me when i see people walk away as they cant cut it or make the grade to the level they wanted or envisaged ....its not for everyone

you need capital to make money .......its an aggregate % return game based on managing risk reward and not overleveraging (although ESMA has made that more compulsory by the summer) .....steady steady profits is what we seek

if you overleverage and start to risk too much % capital on individual trades you will lose all your money over time.........

INVESTING

just a diluted version of trading ........and much lower returns

so your decision ?.........part time trading still needs all the same expertise as full time trading to make money so its a bit of a false paradigm

if you cant commit to the stuff above be prepared to lose all your money ........quick or slow ...you will bleed out

sorry buddy ...........you are either up for it and trading choses you or your not ............this is a lifetime Gig

and please dont believe the bulls**t out there from vendors promising you endless profits ..........it dont come without what ive already mentioned

happy to help N


 
 
 

Recent Posts

See All
FXCorrelator - Adieu ! (?)

hey all ....with my last blog Post nearly a year ago here - its pretty damn clear that my other projects and ventures have taken me far...

 
 
 

Комментарии


© 2023 by Walkaway. Proudly created with Wix.com

Website and Video Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person such as myself or entity responsible for loss or damages resulting from the content or general advice provided here by FXCORRELATOR.com, it's employees, directors or fellow members. Futures, options & spot currency trading have large potential rewards, but also carry large potential risk. You must be aware of all the risks & be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy or Sell futures, forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits/losses similar to those discussed in any material on this website. The past performance of any trading system or strategy is not necessarily indicative of future results. Any information, news, research, analysis, prices, or other analysis contained on this website is provided as general market commentary & does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Copyright@2018 FXCORRELATOR.COM 

  • Facebook Black Round
  • Google+ - Black Circle
  • Twitter Black Round
bottom of page