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The Best Strategies to Trade Forex Part Time Many traders get caught in the trap of over-trading the Forex market. It is very easy for an amateur trader to feel like spending a lot of time analyzing the charts and reading economic news will somehow make them more money in the markets. The truth of the matter is that once you enter a trade there really isn't much you should do besides walk away and let the market do its thing. It is very common for amateur traders to meddle in their trades by adjusting stops and moving profit targets after the trade is on, this is not really conducive to a pre-defined or sustainable Forex trading strategy.The solution to over-trading is simply pulling yourself away from the markets; go do something else, stop looking at your charts though, and you will be far less likely to over-trade. Forex trading should be viewed as a part-time activity; there really is no reason to think you need to look at charts for 8 hours a day. It is a fact that the traders who make the most money on average are the ones who take longer-term positions, rather than ducking in and out of the market multiple times a day. The reason for this is two-fold; you will...more
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