Earn A Full Time Income Trading Forex Part-Time

Never ever skip on learning the basic because the depth with which you master it influences how well you understand everything you will learn after that. Don't jumped to the next step until you have learn the basic which will be your foundation. Wag ka magmadali kumita or sa idea na kikita ka kagad once nagexecute ka na ng buy or sell. Understand first how it works.

Trading is a business, and just like a traditional business, dapat meron kang specific time kung kelan open and closed ang negosyo mo. Since the forex market operates 24hrs a day for 5 days a week, you have to set and commit a specific time kung kelan ka magttrade. You don't need to be there or trade the whole 24hrs, or hindi mo kelangan nakabantay or maya't maya sisilip sa market.

Now I have two options I can recommend:

Option 1: There are 3 Major Market Trading Session in day, the ASIAN session, the LONDON and the NEW YORK Session.

Asian Markets opens at 8am and will closed at 5pm PH Local Time

London Markets opens at 3pm and will closed at 12midnight PH Local Time

NY Sessions opens at 8pm and will closed at 5am kinabukasan na PH Local Time.

Basically, you can select a trading session that will suit your work schedule, if you have an 8am to 5am work schedule, you might want to consider trading the NEW York Session and trade between 8pm to 11pm or max 12am so you can still sleep and rest. If you are on a different time zone, like an OFW, you can select the London market or Asian market.

And when I say commit, it means that on a daily basis, you have to show up around those specific time that you set.

Option 2: Since we can view the market price or exchange rate on various timeframes, such as monthly, weekly, daily, 4hr, 1hr, 30mins, 15mins, 5mins or even in 1min.

Basically you can commit a trading time based on the timeframes you will used to trade. During my part-time trading days. I used the daily time frame as my main trading timeframe, basically it allows me to view the chart based from what happen on 1 whole day - this is regardless of what market session. Since I only need to wait for the next day closing price to decide if there is an opportunity or not. I wake up at around 4:30 to 5:00am prior the daily closing price, this is to assess and study if the markets has an opportunity to take advantage or not. Then check na lang later after my work, but kadalasan kinabukasan ko na lang ulit sisilipin ang chart. Nakakainip to wait especially kapag nagkataon na hindi ka loaded sa trabaho, but if you are really a busy person, daily time frame will really suit you.

Since trading is a business, definitely it involves risk. Bago ka sumabak sa trading, you really have to make sure that you understand the underlying risk associated in trading. Basically understanding and admitting that when it comes to risk, there is always a possibility of loss.

While forex trading offers a limitless income opportunities, wag na wag din babalewalaen at i-tatake for granted the risk of also losing money or even worst, masunog ang capital kagaya ng nagawa ko before.

In order for you to prevent that, always think in terms of RISK FIRST APPROACH, meaning, whenever you see a potential trade opportunities that you can take advantage, always think also the possibilities that your chosen trade opportunities may fail. So, you might want to consider to only RISK SMALL or portion of your capital in a given trade opportunity and have a an exit point kung saan mo i-ccut ang trade if incase it does not work as expected.

Ika nga nila, NO RISK NO GAIN, and as a trader, we are a market participants anticipating potential opportunities sa market. And when I say, potential, means it does not guarantee that it will always result into profit. Losses are part of trading, and ngayon pa lang mas maaga, get used to it and accept the fact that, meron talagang losses here and there. But at the end, as long as you follow your proven trading plan and strategy and as you execute many trades, you will still make money. 

The secret here is that, whenever you make profit, make sure that it is always larger or bigger than your risk. It means kapag nagset ka ng profit target, make sure na it is more than your risk.

There are a lot if not hundreds or thousand ways how to trade in forex. And I personally admit, that I once fall into the trap of "the more strategies, I know, the more chances I win". I've tried different trading strategy and concept, na kapag nagloss lang ng dalawa or tatlo, lipat na agad ako sa iba. And to win as much as possible, I've tried to study and learn every trading strategy na makita ko sa mga forums.

But reality slaps me...

Hindi nakatulong.. basically I've wasted time, effort and money. My trading becomes too complicated.

Sobrang naging challenge saken how to choose the right trading strategy or proven working concept that would really consider time and availability to trade specially with me having an 8-5 day job. Kase ang dami, I don't know how to filter alin ba talaga ang mas ok or mas profitable.

Now I soon realize, I only need lang pala 1 2 or max 3 trading strategy or concept to trade the market and build my own trading plan around it.

Dahil sa ka-aaral ko, trying different strategies and techniques, I was able to create a playlist or playbook - basically a summary of all specific working concept that I used to trade Forex Part-Time or while I was employed.

Now if you are still clueless about what trading strategy to used..

You can take advantage and learn my PART-TIME TRADING STRATEGY...

Knowledge will have no value until you put into practice. Practice creates confidence. I believe that the more you make error and mistakes on practice, the less you will in actual trading.

Sabi nga, The more you sweat in practice, the less you bleed on the battle.

Napaka-importante ng maraming practice especially on trading, it is like a skills that needs to be hone and develop. Whenever you learn something, you have to put it into practice to basically develop conviction and to fully understand it. Practice until it make sense to you how it works.

Wag ka matakot magkamali instead learn from every mistakes and errors that you will encounter. Dun ka mag-ggrow. Hindi pwedeng kapag sabak lang ng sabak, you have to make sure na you were able to fully grasp and understand the concept.

The money is just a result of what process you have followed.
Remember that everything that you have right now or everything that you see whether in nature, a living things or just a simple object, there’s a process behind that before it was form or created.  Trading is not just an ordinary thing that you can learn overnight, it take some process and practice to be good at it

Wag na wag magmamadali to avoid putting pressure on yourself to earn agad. Remember that may tamang proseso, and kasama dun, yung pag-aaral ng mga concept, strategies, pagbuo ng trading plans that you will follow.

What I want you to keep in mind is, walang success overnight, kelangan mo talaga mag-effort and magsacrifice if you want to suceed. Magtiwala ka lang sa sarili mo, sa sarili mong kakayahan!

If other can, you can too...

To your success,

It's me Mike-san