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Forex Trading Advice for Part Time Forex Traders

The most appealing feature of Forex trading is that it is 24 hour open market. You can trade 24 hours a day and at the same time, you can also set your own trade schedule as well. Most of the traders nowadays are trading according to their set schedule such as day time or night time or whatever time they feel comfortable with. Such traders are called Part-Time traders. Obviously if you trade for only a specific time of the day, you are bound to miss some profitable trading opportunities. Thus time constraint is the major issue for Part-Time traders.

But there are many strategies that the part-time trader can use to earn handsome profit. For example if you trade at night, then you should use the strategy of Forex trading those currency pairs that remain mostly active at the time of night. Some major strategies that are helpful for Part-Time traders are:

Timing of Market Opening:

As a part-time trader, you should observe the timing of the market opening of major currencies, it will help you to select which currency pair you want to trade.

The Forex market in Europe and Japan are mostly active at night so you should any one of the following currency pairs.

EUR/JPY

EUR/CHF

AUD/JPY

You can also select currency pair that includes Hong Kong dollar (HKD) or Singapore dollar (SGD).

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