Part-Time Trading - Part 1

Even though, Intra-day trading sound exciting and more fun, Part-time trading is much easier way of trading Forex. Let me tell you why.

1. It is easier to search the trade.
2. As we use long term charts (daily, weekly & monthly), the movement of chart is slow. So if you find a trade you don't have to worry about the trade as much as you do in intra-day trading. In intra-day trading, you have to make decisions quickly (in fraction of a second when you get a signal) to place trades and also to exit. Where as in part-time trading, you have plenty of time to take a trade and to manage it.
3. It is as much profitable as intra-day trading, it is more efficient with less effort.
4. Intra-day Trading carries a higher degree of risk than part-time trading because, in intra-day trading, the signals you get are of lower quality because you are using smaller time frame charts, price is volatile, validity of the signals will be very less.

Please click here know about basic concepts of Forex.
Please click here to get the user guide of the chart of my favourite broker.
Please click here to know how to draw lines (support & resistance) on the chart.