James turtle
Junior member
- Messages
- 36
- Likes
- 4
There is no fixed timings as such. Just 1-2 hours daily.
Any hours I am free I am looking at the charts
alexwinkler
Experienced member
- Messages
- 1,308
- Likes
- 17
I only trade the mornings, rarely over 1 hour after the opening bell
best advice!
trendie
Legendary member
- Messages
- 6,875
- Likes
- 1,433
Used to be at screen ALL day. Small time-frame. Watching every twitch of the markets,
Then. learnt that there are key times of day when tradings good.
Then realised I don't need to get all the trades in a day. Stepped back and looked at bigger structure.
These days, when day-trading, go for a fixed pip amount between 7:30am and usually 10am.
If I don't get my pips, then look for 2pm-4pm extras.
If I am working on a contract, I will zoom to 4-hrs, and trade small-size for multi-day moves.
In which case, analyze between 7am-8am, and place orders (including SL and TP), and re-visit in evening to manage them.
(currently day-trading, until a new project drops for me.)
Then. learnt that there are key times of day when tradings good.
Then realised I don't need to get all the trades in a day. Stepped back and looked at bigger structure.
These days, when day-trading, go for a fixed pip amount between 7:30am and usually 10am.
If I don't get my pips, then look for 2pm-4pm extras.
If I am working on a contract, I will zoom to 4-hrs, and trade small-size for multi-day moves.
In which case, analyze between 7am-8am, and place orders (including SL and TP), and re-visit in evening to manage them.
(currently day-trading, until a new project drops for me.)
hatemypips
Established member
- Messages
- 697
- Likes
- 62
I trade 10-20 min but spend 1-3 hours on studying and looking for trade entries, exits, determining position size. Trading is the last stage in this complicated process.
0
0FXTrader0
every waking hour
Hudson Jack
Junior member
- Messages
- 23
- Likes
- 4
That is also fine in my opinion.
hatemypips
Established member
- Messages
- 697
- Likes
- 62
I trade 3-4 hours, but time for placing trades and closing them takes less than 10 minutes. I avoid spending a lot of time staring at the screen, especially when I'm in a trade. This prompts to make wrong decisions and complicates discretionary trading.
alexwinkler
Experienced member
- Messages
- 1,308
- Likes
- 17
Any more than 3 and that's when I'm starting to make more mistakes than anything else.
Nowler
Experienced member
- Messages
- 1,551
- Likes
- 223
That's a tricky question to answer.
I trade at higher timeframes, and there, things tend to happen a lot slower.
Days could go by where I dont have a trade on. Sometimes weeks.
For the past year my trades have been geo-political.
Eg: Brexit was a big one for me, and more recently I've been buying the Yen against the USD due to this flu doing the rounds.
I dont have the time to day trade, and even if I did, I'd find something else to do and stick with swing trading. I know some of my limitations, and being sharp, and thinking fast is not part of my set of skills 😎
*I'm more of a slow, deliberate, and patient kind of trader nowadays.
*= I still make stupid mistakes however
Yes, but be realistic.
You will not be ale to track every pair, so focus on a few key pairs and use a higher time frame.
Make use of features like alerts on trading software or apps like Call Levels to set alarms.
You certainly do not need to be sat in front of the computer all day!
JordanRothschildShorthous
Newbie
- Messages
- 3
- Likes
- 1
I'm a advance trader and I'm on it for about eight to nine hours a day buddy. Does pay well. Definitely spend more time trading, researching and sales.
