Managing a Job and Choosing a Market to Trade

Filed under: Learn Forex Trading |

 

If you, like the vast majority of people, are in full-time employment and have a desire to start trading with some of your hard earned money, then choosing a market to trade on may seem like a difficult choice. If you live in England, then you might naturally be drawn to the London Stock Exchange (LSE). If you are from America or another part of the world, you might similarly be drawn to the stock exchange in your country. This is probably because the vast majority of news about the markets is based on companies and the stock exchanges. However, what most people don’t know is that these markets are relatively small markets compared to the might of the foreign exchange markets (or ‘forex’ as it is more commonly known).

 

The best thing about the forex market for those of you in full-time employment is that the forex market, unlike the stock market, which is usually a 9-5 kind of affair, is open for twenty-four hours per day, five days per week. This means that you can get home from work and, wherever you are in the world, the markets will not be closed. This gives you the opportunity to practice your trading via a demo account, or, if you are ready, to make live trades.

 

If you trade only on the daily charts, you only need to check the charts once every day for twenty minutes or so to see if any trades are lining up in your favour. Or, if you have a little more time, you could also trade off of the 1-hour and 4-hour charts, although any timeframe below this tends to be less reliable with regard to setups. So, if you are thinking about starting to trade and have a full-time job, why not look at the forex markets? They are open 24/5, and the liquidity is far, far better than the stock market.

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