In today’s world, trading Forex with a busy schedule can seem like a really difficult thing to balance. But, you can do a few things to help manage your time commitment and profits along with your everyday life to make things run smoother because not every trader can commit all their time it. Trading needs a schedule because we know the markets move very chaotically, and it’s easy to get lost without a reasonable schedule to follow. So, I recommend getting started on a trading schedule so you're more comfortable trading and have less anxiety and nerves holding you back.
- Trade on higher timeframes. If you switch to higher timeframes, you will only need to check the charts 2 or 3 times a day, which sounds nice, right? You’ll have the chance to see the setups way before they're triggered.
- Simplify the trading process. Have you heard of the K.I.S.S. rule yet? Let me explain. K.I.S.S. stands for “Keep It Simple Silly,” and it’s true. Many traders tend to overcomplicate the Forex industry in general, when it’s just not necessary. One way to make your trading process so much easier is by using price action, which is a “low maintenance” system that can be conquered by the trader easily. Shawn Lucas is the head trader at The Apiary Fund, and he always tells his community to utilize the price action tool, because it's there to help you!
- Trade a lot of pairs. This might throw you off at first because it’s only natural to assume that trading a lot of pairs will only confuse you and make things more difficult. But the more pairs you trade with, the more trading opportunities you're opening to yourself. You can start with trading five pairs, but don’t panic because it will be low-maintenance time frames and your charts will be simple. People who trade Forex for so long while utilizing price action tool, like Shawn Lucas, only have to glance at the chart for 10-15 seconds to find a trading setup! And checking all these charts will take no more than 5 minutes.
By becoming familiar with the Forex market, when it opens and closes, what times are most volatile, etc., you're making sure you're prepared and capable to handle it. You want to set your trading schedule up around the most volatile or active times. You might even want to catch the time to trade between sessions, during Forex overlaps. And the last thing you need to make sure your trading schedule includes is checking all-important news releases, as they affect prices greatly. Once you make a few changes to your trading schedule and routine, I guarantee that once the movements feel natural, you will be saving time and you will most importantly, be less stressed out! Balancing two totally different schedules is challenging at times, but possible. I hope this helps you to do the same!