How Much Time Do You Have?

Time is an important factor when learning how to trade Forex or any other financial market.  So how much time do you have to dedicate to:

• The ‘Learning to Trade’ process (each day/week/month)?
• Analysing your chosen financial market(s) when seeking potential trades?
• Managing your open trades?

What other distractions and responsibilities do you have in your life?  You may have to do a bit of rebalancing to fit everything in and even give something up or let go of negative people.

The more focussed you are and given sufficient time, the more successful you should be as a trader.

Conversely, if you have too much time, it is easy to waste it staring at your charts all day long, like watching paint dry!

It’s all about getting the balance right and worth some thought.  We’ll take a look at getting organised as a trader in a future article and what things we can use to help us be more time efficient.

Top Trading Tip:  Dedicate sufficient time to the ‘Learning to Trade’ process each week if you want to progress up the Learning Curve, however, if you find yourself just flicking through the charts and time frames, looking at the same things over and over again in a day because nothing is happening in the markets, then STOP and go find something else to do, be it seeking out new trading knowledge or a job that needs doing or go see some friends or spend some time with family.