It’s the age old debate between traders, is part time trading really beneficial? Say, you’re a businessman along with being a committed family man and simply do not have the time to constantly be checking on the market and being a full time trader- would that mean that you’re not able to trade at all? Absolutely not! A lot of people tend to trade part time, as a hobby or to gain some benefits, however the question that arises is - could part time trading possibly be more beneficial than full time trading?
Moral Obligations
Having something to do on the side is almost a necessity, most full time traders don’t realize that by being a full time trader and letting their time slip away by continuously being fixated on a chart and giving it all the importance in the world can have a serious negative impact on their lives.
Taking Time out of Their Schedules to Trade
Contrary to what most people believe- traders don’t spend all day, gazing at charts and figures (at least most of them don’t) Good part time traders only need around 30-40 minutes each day to trade successfully by only focusing on the daily time frame. Part time traders need to also make sure they look at the daily closing price because through their analytic skills, traders can detect hints or signals from the market that might point towards desirable trade conditions for them, time really isn’t a making or breaking point in trading.
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