Can We Make Money From Forex Trading If Consider It As A Side Job?

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Can We Make Money From Forex Trading If Consider It As A Side Job?
Can We Make Money From Forex Trading If Consider It As A Side Job?

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You are a busy person, aren’t you? You have a lot of stuff to deal with in your life, don’t you? But you are very interested in the opportunities that the forex market offers. And you wonder why not take advantage of Forex trading while doing your daily job.

You have read a lot of documents about trading. And it seems to be a “profession” that takes a lot of time. So the question here is: can you consider trading as an “overtime” job? And does this have a negative effect on your trading results?

My answer is: you absolutely can make money from trading Forex. In fact, this is even beneficial for your trading results.

In today’s article, I’ll discuss with you how to streamline your Forex trading with your other daily job as well as take advantage of it to turn you into a better trader.

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How to trade Forex smoothly when your job has a lot of work to solve daily

Regardless of what you think or read about Forex, it is not necessary for you to sit in front of the electronic board for hours every day. The way I trade only requires 30 minutes to 1 hour in total for a day no more.

You may wonder: “How is it possible?” The answer is simple. Focus on the daily candle. Even if you have a full-time job or you have to go to school all day, etc., daily candlesticks are the perfect solution here. By focusing on daily candlesticks, you only have to look at the electrical board a few times a day.

How to trade Forex smoothly when your job has a lot of work to solve daily
How to trade Forex smoothly when your job has a lot of work to solve daily

Daily candlesticks are the most important candles of the day, of course. Because it shows how prices move in a whole trading day with only 1 candle. If a good signal appears, you will see it on the daily candle (D1) right after the New York trading session closes. This makes your Forex trading job very simple, fast, and easy.

If you find that the candle matches the criteria set out in your trading strategy, place an order, and turn off the electronic board until the next day. Let the market do its part, do not interfere or expect anything. If no candlestick is feasible, your job is to turn off the electronic board and turn it on the next day.

This is basically a way of using daily candles to maintain your trading (effectively) while ensuring all other daily tasks. And in my opinion, the daily candlestick is the “most reputable” candle, which you should focus on the most, out of all other candles on the chart.

Why do you need to stay clear of the electronic board?

Focusing on daily candles and datum when the New York session closes is a way to help you secure other jobs. Besides, it is also a great way for the vast majority of people to trade and increase the chances of success in this forex trading job.

The point to note here is we humans tend to want to trade a lot and easily fall into the “addicted” state of transactions. When you have other work to do all day or are busy with studying at school, you seem to have a natural dose of antibiotics to help avoid this situation.

Why do you need to stay away from the electronic board?
Why do you need to stay away from the electronic board?

So don’t feel like you (will) miss out on many opportunities in the market because you’re busy doing other stuff all day. That feeling is greed and fear. You should feel glad that you will not be stressed when you get caught up in the market and lose money for it.

As I have shared many times, daily candlesticks are the “most reputable” candles. They are likely to bring the highest profit compared to the other candles after it. Weekly candles and monthly candles give us too few opportunities when a month only has 4 weeks. And I’d rather lose money with quality opportunities.

The less you are affected by the market, the more you can avoid shooting yourself in the foot.

Being “distracted” can help your Forex trading job have better results

You don’t have to be lurking in the market all the time, and you shouldn’t be.

Nobody can trade successfully if they sit all day in front of the chart screen. It will make you trade too much. And you will easily fall into the situation of losing money continuously. So if you don’t have a job or any other hobby that helps you stay clear of the market, then you should consider getting one. Because if not, and you continue to sit and watch the market for hours, you can easily become a trading addict.

You should think that your current (or upcoming) job is a good way to “force” you to get off the electrical panel. Most of the up and down price movements in the market are meaningless. It is a waste of time spent on them.

Being "distracted" can help your Forex trading job have better results
Being “distracted” can help your Forex trading job have better results

A career, a job, or a school is like a shield that helps you avoid a lot of meaningless movements of prices in the market. You absolutely can (and should) make your trading suitable and not interfere with your other daily tasks. It even helps you trade better.

All you need to do is understand and accept the importance and significance of the daily candle (D1). Just focus time and energy on it.

Summary

It’s great that trading forex turns out to have no effect on your daily routine. Conversely, when you do such transactions, you increase your chances of success and earn (a lot) money with forex trading.

Try it out if you are not trading like that. I believe that the result you get will not only increase the amount of money in your account but also that you will not have much stress and have a lot of time and energy to perform other tasks.

I hope you have a good trading day.

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