Even with two years of consistent returns, I don't recommend entirely relying on your trading. You still have to get other side hustles or focus on upgrading yourself mentally by taking your education seriously.
In this article, I will teach you how to combine forex trading with any side hustles/jobs or school.
Student asked this question on bizdustry's forum: Can a student combine business (forex trading) and education? And here are two interesting answers I picked from the numerous answers on the platform.
- A student can combine the two. Forex trading is an online investment that would have no impact on a student. It is a convenient business that frees up time for other activities. You will be able to balance it if you manage the two well.
- If a student has a schedule for his daily activities, he will be able to time all of his actions with the plan.
These two answers go for anyone with a job who still wants to trade forex. Anyone who goes/wants to go full-time should first build up an excellent reserve so that you can easily bridge 'bad months.'
I also recommend that you do this in stages. Never quit your job right away; instead, try going part-time for a while and seeing how that works for you before deciding to go full-time.
To be clear, working full-time is not impossible, but it is not for everyone. Not everyone is at ease with it, which isn't necessarily bad because here's the good news. Trading forex does not require you to work full-time to earn a full-time income.
Provide peace in your mind, and your mind will thank you with good results. Adapt your business style to your 'normal life,' not the other way around. Get a 9-5 job if that's what you want.
To be clear, working full-time is not impossible, but it is not for everyone. Not everyone is at ease with it, which isn't necessarily bad because here's the good news. Trading forex does not require you to work full-time to earn a full-time income.
Provide peace in your mind, and your mind will thank you with good results. Adapt your business style to your 'normal life,' not the other way around. Get a 9-5 job if that's what you want.
Do you want to continue your education? Go to school. If you're going to start a business, go ahead and do it. Don't let trading limit your life; instead, follow your instincts, listen to them, and let them guide you.
This is precisely why our trading style is known as swing trading (If you are one).' We strive to maintain our winning streaks for as long as possible. I'm referring to weeks and months in one position.
If you combine trading with your job or school, it is critical to developing a routine that you can stick to. Giving yourself massive daily goals that you can't consistently achieve is pointless; it doesn't give you strength. Small goals that you always earn provide you with strength!
If you stick to this schedule, you'll be doing forex trading related stuff for an hour and a half every day. Get up 45 minutes earlier and trade for 45 minutes instead of watching Netflix in the evening; priorities are essential here. There is always a way where there is a will.
You can, of course, alter this routine at any time. If you see that this routine is working well for you and that it is profitable, stick with it. Make it more intensive if you know that you can invest more time.
If you notice that this routine is too heavy, lighten it up. But remember, and this is and will always be the essential thing, stick to your practice!
Your weekend preparation is vital if you want to combine trading with your job/school. The Sunday Market Breakdown, as you know, is where successful forex traders do 80 per cent of their 'work.' Make sure you give yourself an hour or two over the weekend to prepare your watch list.
Ascertain that you have thoroughly examined the six most intriguing pairs and have marked your levels (zones of interest). You can set up alerts on the zones of interest once you've indicated them, so you don't have to check your computer/phone every day.
Whether it's Monday, Tuesday, or whenever, you'll receive an alert when the market reaches your zone of interest. You still have the option to participate in this position at that time.
Our trading method allows you to make money relatively passively, but you must be well prepared on weekends. Good weekend preparation is worth its weight in gold and will save you a lot of time during the week!
I hope you've learnt a lot from this article? If yes, please share.
This is precisely why our trading style is known as swing trading (If you are one).' We strive to maintain our winning streaks for as long as possible. I'm referring to weeks and months in one position.
If you combine trading with your job or school, it is critical to developing a routine that you can stick to. Giving yourself massive daily goals that you can't consistently achieve is pointless; it doesn't give you strength. Small goals that you always earn provide you with strength!
A healthy routine might look like this:
- 06:45 to 07:00: -Take a look at the pairs on your watchlist. Watch how your favourite pairs are doing/whether they are at the levels you marked down.
- 07:00 to 7:30: - Half-hour backtesting. Backtesting is a proven method to have confidence in your forex trading strategy.
- 12:00 to 12:30: - Read any forex trading pdf to refresh your mind regarding the forex trading game or perhaps even watch videos on forex trading.
- 19:30 to 19:45:- Analyze the market to execute the following day possibly.
If you stick to this schedule, you'll be doing forex trading related stuff for an hour and a half every day. Get up 45 minutes earlier and trade for 45 minutes instead of watching Netflix in the evening; priorities are essential here. There is always a way where there is a will.
You can, of course, alter this routine at any time. If you see that this routine is working well for you and that it is profitable, stick with it. Make it more intensive if you know that you can invest more time.
If you notice that this routine is too heavy, lighten it up. But remember, and this is and will always be the essential thing, stick to your practice!
Your weekend preparation is vital if you want to combine trading with your job/school. The Sunday Market Breakdown, as you know, is where successful forex traders do 80 per cent of their 'work.' Make sure you give yourself an hour or two over the weekend to prepare your watch list.
Ascertain that you have thoroughly examined the six most intriguing pairs and have marked your levels (zones of interest). You can set up alerts on the zones of interest once you've indicated them, so you don't have to check your computer/phone every day.
Whether it's Monday, Tuesday, or whenever, you'll receive an alert when the market reaches your zone of interest. You still have the option to participate in this position at that time.
Our trading method allows you to make money relatively passively, but you must be well prepared on weekends. Good weekend preparation is worth its weight in gold and will save you a lot of time during the week!
I hope you've learnt a lot from this article? If yes, please share.