I’ve got a better idea, how about fitting Trading into your lifestyle and getting rich easily, without having to force it and without having to find hours a day to Trade? Doesn’t that seem a lot more appealing?
Fit Trading into 30 Minutes a Day
If you’re going to fit Trading into your lifestyle, you have to be Trading the daily chart timeframe. You can’t Trade an hourly chart and expect to be able to do it in 30 minutes a day. Trading the daily chart means that there is only one bar/candle per day, so all you need to do is logon to your Trading platform when the daily bars close – New York close, and make your Trading decisions at that time.
Let’s say that you Trade 10 or 12 currency pairs, you’ve got 2 or 3 minutes per currency pair to check if your strategy is setting up. That may sound like a small amount of time, but that leads me on to the next section.
Plan your Trades at the Weekend
A bit of time at the weekend looking through your charts and analysing trend and strategy setups is time well spent. Bear in mind that there will only be 5 new bars per week, you can set yourself in a very good position by doing a little bit of preparation at the weekend. Remember, fail to prepare, and prepare to fail…
Set and Forget
So if the goal is to Trade daily charts in less than 30 minutes a day, we need to learn to set up our Trades and let them run, coming back to the charts once a day. I’m not going to lie to you; this can take some time if you’re obsessed with always watching your money tick up and down on the screen. It is however, the most relaxing way to Trade. Get used to the world isn’t going to end tomorrow. You have a stop-loss in place to protect you, and you can sleep soundly knowing that if the Trade does go the wrong way, your broker will get you out of the position.