How to Become a Successful Part-time Forex Trader

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How to become a successful part-time forex trader

• THE FOREX SECRET

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• Part-time forex trading can be a successful way
  to supplement your income. There are enough hours
  in the day to trade in this potentially
  profitable market, even if you hold a full-time
  or part-time job. In this presentation, we've
  outlined some tips to help get you there.

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Keys to Success in Forex Trading

• specialize in the currency pairs that trade when
  you're available and to use strategies that don't
  require around-the-clock monitoring.
• An automated trading platform may be the best way
  to accomplish this, especially for new traders or
  those with limited experience.

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1. Finding the Right Pairs to Trade
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Right pairs to trade

• Although forex trading occurs 24 hours a day
  throughout the week, it's best to trade during
  peak volume hours to guarantee liquidity. 
• Liquidity is a trader's ability to sell a
  position, which is much easier when the market is
  most active. Assuming that you work a
  nine-to-five job
•  you'll be available for trading either early or
  late in the day.

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Set Up an Automated Trading System
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• Part-time traders may opt to trade on their own
  or choose an automated trading program to make
  trades for them. 
• There's a variety of automated trading programs
  with a full spectrum of functions available on
  the market.
• A so-called "set and forget" program may be the
  best way for a beginning part-time forex trader,
  which allows the software to make automated
  decisions. Several automated programs offer a
  simple "plug and play" capability  an easy way
  for part-time beginners to start trading.

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Apply Disciplined Decision-Making
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Apply Disciplined Decision-Making

• Discipline and dispassion are essential for
  success for traders who spurn automated systems
  to make their own decisions. 
• Part-time traders are advised to take profits
  when they materialize instead of anticipating
  wider spreads and bigger profits. 
• This requires a degree of self-discipline in
  fast trending markets where favorable spreads can
  widen.

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Thank You

• The Forex Secret

• contact_at_theforexsecret.com

• https//theforexsecret.com/