{"id":114377,"date":"2017-10-16T02:11:08","date_gmt":"2017-10-16T06:11:08","guid":{"rendered":"http:\/\/countingpips.com\/?p=114377"},"modified":"2018-06-01T15:55:35","modified_gmt":"2018-06-01T15:55:35","slug":"is-it-possible-to-trade-and-have-a-full-time-job","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/10\/is-it-possible-to-trade-and-have-a-full-time-job\/","title":{"rendered":"Is It Possible to Trade and Have a Full-Time Job?"},"content":{"rendered":"<div id=\"inves-522314300\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 16, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By Admiral Markets<\/b><\/p>\n<p><a href=\"https:\/\/admiralmarkets.com\/analytics\/traders-blog\/feed.xml\/is-it-possible-to-trade-and-have-a-full-time-job\"><img decoding=\"async\" class=\"img-responsive\" src=\"https:\/\/fxmedia.s3.amazonaws.com\/articles\/remote\/75e06d0874e7080fe7bf3fa59cb1b168.jpeg\" alt=\"10.jpg\" \/><\/a><\/p>\n<p>Dear traders,<\/p>\n<p>Do you believe that trading is not for the full-time employees, entrepreneurs, and self-employed because it requires too much time and dedication?<\/p>\n<p>This article explains why trading the financial markets is actually possible for both intra-day and long-term traders.<\/p>\n<p>In fact, trading is open to everyone who is willing to try it and offers exciting benefits and opportunities when compared to investing or buying and holding.<\/p>\n<p><a href=\"https:\/\/admiralmarkets.com\/analytics\/traders-blog\/feed.xml\/is-it-possible-to-trade-and-have-a-full-time-job\"><img decoding=\"async\" class=\"img-responsive\" src=\"https:\/\/fxmedia.s3.amazonaws.com\/articles\/Webinars-New4.jpg\" alt=\"Live Forex webinars free\" \/><\/a><\/p>\n<h2>Combining Full-Time Work with Trading<\/h2>\n<p>Intra-day trading is exciting and lucrative, but a difficult skill to<br \/>\n<a href=\"http:\/\/buff.ly\/2r7hE7c\">master<\/a>, especially if you are trying to cover your monthly living costs.<\/p><div id=\"inves-1482427988\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>It is also very time consuming, which makes it especially hard for people who have full-time jobs or businesses. They tend to think that their daily schedule limits their ability to engage in trading the financial markets, which is probably why many people choose to invest their savings.<\/p>\n<p>The<br \/>\n<strong>solution <\/strong>is no rocket science \u2013 trade on higher time frames. By swing or long-term trading, they can reap the benefits of both worlds:<\/p>\n<ol>\n<li>Earn a steady income besides trading;<\/li>\n<li>Experience less financial stress when trading;<\/li>\n<li>Use the ability to trade the markets.<\/li>\n<\/ol>\n<p>Sure, there will be less trade setups when compared to intra-week or intra-day trading, but there are still plenty of trading opportunities remaining in a month or quarter.<\/p>\n<p>The<br \/>\n<strong>benefits <\/strong>of trading higher <a href=\"http:\/\/buff.ly\/2ntvIKw\">time frames<\/a>, however, are clear:<\/p>\n<ol>\n<li>Trading higher time frames allows traders to analyse, monitor, and trade at the times of their choice, whether it&#8217;s multiple times a day, once a day or even once a week.<\/li>\n<li>This long-term style of trading is much easier to fit within your busy schedule.<\/li>\n<li>In addition, it could be a lot less stressful than trading intra-day charts.<\/li>\n<\/ol>\n<p>The exact schedule is something that each of us needs to decide for themselves, but just make sure it&#8217;s<br \/>\n<strong>realistic <\/strong>and <strong>manageable<\/strong>. It is much better to have a lighter analysis-trading schedule that you can handle rather than a heavy one which you fail to follow.<\/p>\n<p>Trading requires more work than investing, which might need your attention once a month, quarter, or year. The main advantage of trading, however, is that you can capitalise on multiple price movements more frequently. You are also more up-to-date of the current price action, which makes you<br \/>\n<strong>less vulnerable<\/strong> to ill advice or <a href=\"https:\/\/admiralmarkets.com\/products\">market<\/a> changes.<\/p>\n<p>Actively trading is a<br \/>\n<strong>skill worth developing.<\/strong> Taking your financial security, goals, and growth in your hands is well worth the investment and the time. Trading, in my view, allows us to reach these goals quicker than &#8220;buying and holding&#8221;.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/mwDgSpwcP2c\" width=\"640\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><br \/>\n<\/iframe><\/p>\n<h2>How to Trade Long-term Charts<\/h2>\n<p>Long-term trading is all about using long-term charts, i.e., daily, weekly and monthly charts. Traders can use the<br \/>\n<strong>flexibility <\/strong>of the Forex market to compare multiple currency pairs with each other to find the best setup(s) for the week or month.<\/p>\n<p>Reviewing daily, weekly, and monthly charts will not require much of your time:<\/p>\n<ul>\n<li>The monthly charts are best analysed once a new monthly candle is available on the first trading day of the new month.<\/li>\n<li>Weekly charts can be examined over the weekend, while daily charts can be monitored every day or every few days (depending on your system).<\/li>\n<li>This time schedule should be manageable for anyone who is serious about learning a new skill as important as financial trading.<\/li>\n<\/ul>\n<p>The next key questions is, of course, how to trade with and on these charts?<\/p>\n<p>There are, of course, multiple ways of trading higher time frames. Luckily, we had a four-part webinar series about trading higher time frames \u2013 watch the videos below and above for examples.<\/p>\n<p>In general though, both Nenad and I heavily use<br \/>\n<strong>price action, candlesticks, and candlestick patterns<\/strong> for lots of our trading decisions. Candlesticks provide us with market information about its:<\/p>\n<ol>\n<li>direction (candle body)<\/li>\n<li>sentiment (candle wicks)<\/li>\n<li>volatility (candle size)<\/li>\n<\/ol>\n<p>A trader needs to apply candlestick information within proper context of analysing the larger<br \/>\n<strong><a href=\"https:\/\/admiralmarkets.com\/analytics\/traders-blog\/translating-analysis-into-concrete-trading-decisions?utm_content=bufferbd2e7&amp;utm_medium=social&amp;utm_source=facebook.com&amp;utm_campaign=buffer\">market structure<\/a>,<\/strong> which consists of support &amp; resistance, trend &amp; momentum, as well as price patterns. Once completed, candlesticks also offer value when taking actual <strong><a href=\"https:\/\/admiralmarkets.com\/analytics\/traders-blog\/translating-analysis-into-concrete-trading-decisions?utm_content=bufferbd2e7&amp;utm_medium=social&amp;utm_source=facebook.com&amp;utm_campaign=buffer\">trading decisions<\/a>.<\/strong><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/D8DkLlrkHOE\" width=\"640\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><br \/>\n<\/iframe><\/p>\n<p>Cheers and safe trading,<\/p>\n<p>Chris Svorcik<\/p>\n<p>Follow<br \/>\n<a href=\"https:\/\/twitter.com\/ChrisSvorcik\">@ChrisSvorcik<\/a> on Twitter for the latest market updates!<br \/>\nConnect with<br \/>\n<a href=\"https:\/\/www.facebook.com\/profile.php?id=100009628491889\"> Chris Svorcik<\/a> on Facebook for more Forex and CFD analysis!<\/p>\n<p><a href=\"https:\/\/admiralmarkets.com\/analytics\/traders-blog\/feed.xml\/is-it-possible-to-trade-and-have-a-full-time-job\"><img decoding=\"async\" class=\"img-responsive\" src=\"http:\/\/fxmedia.s3.amazonaws.com\/articles\/AM-MT4se-1440x440-white.png\" alt=\"Download MT4 Supreme Edition\" \/><\/a><\/p>\n<p><b>Article by Admiral Markets<\/b><\/p>\n<p>Source: <a href=\"https:\/\/admiralmarkets.com\/analytics\/traders-blog\/is-it-possible-to-trade-and-have-a-full-time-job\" target=\"_blank\" rel=\"noopener\">Is It Possible to Trade and Have a Full-Time Job?<\/a><\/p>\n<hr style=\"border: 1px dotted #eee;\" \/>\n<p><a href=\"http:\/\/www.admiralmarkets.com\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2016\/03\/AdmiralMarkets-sig-1.png\" width=\"141\" height=\"87\" align=\"left\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Admiral Markets Dear traders, Do you believe that trading is not for the full-time employees, entrepreneurs, and self-employed because it requires too much time and dedication? This article explains why trading the financial markets is actually possible for both intra-day and long-term traders. In fact, trading is open to everyone who is willing to [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-114377","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=114377"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114377\/revisions"}],"predecessor-version":[{"id":114385,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114377\/revisions\/114385"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=114377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=114377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=114377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}