Is it possible to manage trading with your real job

Discussion in 'Forex' started by intervention, Jul 26, 2013.

  1. Sure you can, swing trading comes to mind.
     
    #11     Jul 27, 2013
  2. This is why I end up staying at the office until 10 or 11pm - gotta make up for the work I didn't do during RTH. But now we're so busy that I end up staying even later - til 2 or 3am. I am near my breaking point.
     
    #12     Jul 27, 2013
  3. toolazy

    toolazy

    Possible.

    I have well paid, demanding job.

    Position trade and swing trade currencies and indexes. No time to study stocks.

    Profitable but not rich yet.

    1 hour a day.

    Use working to your advantage and increase bet sizes and go for rich and not income. This gets you further than someone relying on trading income.
     
    #13     Jul 27, 2013
  4. I know swing trading can be a good option and I will try to plan about my future trading because I cannot leave it.
     
    #14     Jul 29, 2013
  5. RedDuke

    RedDuke

    It is only a good option if you are psychologically geared towards it. Whatever you end up doing it needs to fit your risk tolerance.

    I personally can not swing trade, wide SL is not for me. Take 4 or 5 big losses in a row, and it messes your mind up considerably.
     
    #15     Jul 30, 2013
  6. I also feel the same and consecutive losses in swing trading will disturb me more. We have to wait for days and in the end if results are not good then it is a big problem.
     
    #16     Aug 2, 2013
  7. FX_Gigi

    FX_Gigi

    Yes I think you can manage Forex trade with your real job if you have great interest to trade in Forex.
     
    #17     Sep 21, 2013
  8. I set up a paper account at ib to test this very question

    the rules were I could only make a trade every 4 hours

    I figured, if you had a real job you could trade once when you woke up

    again before you showed up for work

    once on your lunch break

    and again when you got off work

    the results were disastrous

    I traded the same strategy I trade with real money

    I have it set up so I can survive a doctor's appointment, or a trip to the grocery store, or a computer failure

    but not everyday

    you need to be there

    just showing up every 4 hours doesn't cut it for me

    especially in forex, where all the money is made or lost in less than five minutes
     
    #18     Sep 21, 2013
  9. Sure, it could be possible, but your mileage will vary just as in trading. I would not necessarily blame your job for your trading performance, it could be something else as well.

    Having a job can be a good thing when you are a trader. Or any additional source of income, so having a job could offer some financial stability and hence be good rather than bad.
     
    #19     Sep 21, 2013
  10. zdreg

    zdreg

    +1
    with this 1st post you are off to an auspicious start.

    lots of luck.
     
    #20     Sep 21, 2013