Part-Time Trading - Introduction

Hello Everybody,

Welcome to our new session of Trading. I hope you have opened the demo account with my favourite broker. As you all know the market is closed for the weekend, you can trade again on Monday (can't just wait to trade).

There are different types of trading, few of them I mentioned in my previous post. Few of them I didn't mention are Carry Trade, Range Trading, Trend Trading, Swing Trading, Counter-Trend Trading etc.. I mainly concentrate on few that I mentioned in my previous posts.

Part-Time Trading:
This type of trading is suitable for almost everybody, especially for those who have a full time job. You need around 30 minutes a day to trade.
In this type of trading, we concentrate on long term charts. If you check the market scope (chart), There are different time frames, we concentrate on daily, weekly and monthly charts.
In this type of trading we look for 200 to 250 pips per trade and around 8 to 10 trades per month, that's right you will not have trades everyday.
If you have a mini account,  200 pips = $ 200/- (EUR/USD) x 8 trades = $ 1,600/month
If you have a micro account, 200 pips = $ 20/- (EUR/USD) x 8 trades = $ 160/month
If you have a standard account, 200 pips = $ 2,000/- (EUR/USD) x 8 trades = $ 16,000/ month.

Now you realised Part-time trading is also a profitable type of trading.
That's all for now.

Please don't forget to visit my Blog PipBase for the older posts, in case if you have missed any.