Time Crunch Trading

Every detail in a part-timer’s strategy for trading the markets must be well considered and the choices made consistent with their objective and their knowledge and skills in mind. This most certainly includes the selection of the market to be traded.
We are addressing the question of which market to trade at this stage in the […]

To help you pick the best market for you, we will do a kind of side-by-side comparison of the ones available to you. They each have their good and bad elements, some of which will be more or less relevant to you depending on your specific part-time timeframe.
Stocks/Shares
As noted before, the stock market is the […]

We reserve the biggest market for last.
As noted at the start of this chapter, the daily trading volume in the forex market dwarfs all others. Forex is the market for the various currencies of the world. It is a market which, at its core, is rooted in global trade. Goods and services are exchanged 24 […]

Trade on Your Schedule
The single biggest advantage the forex market has over other markets is its 24-hour nature. A trader can put on or take off positions any time of day or night, regardless of their base of operations. This opens up the game to many individuals who otherwise might not have the time available […]

No Exchange
The disadvantage to forex, some would say, is in the lack of an exchange system in forex trading. Some traders find comfort in knowing that there is a regulated mechanism backing their market participation. What’s more, the lack of a centralized data point means the spot forex market does not have all the great […]

There are some significant differences between the forex market and others like the stock market. While it may be that a good trader can handle any market, structural differences in forex can force a different approach.
Time
For most stock traders, the most noticeable difference between the forex market and equities is timeframe. Although the hours of […]

If you are going to trade forex you need to understand the terms and quoting conventions used, especially in regards to the spot market.
Notational Conventions
The forex market uses 3-letter codes for all currencies. These are commonly known as SWIFT or ISO codes. For example, USD is the code for the US Dollar. Here are the […]

Opening an Account
It is quite easy to start trading forex. There are many forex brokers available and opening an account is pretty straightforward. However, some things you should consider as you look to identify the one best suited to you are:

Account minimum deposit (if any)
Transaction size flexibility
Spreads
Execution
Commissions (if any)
Security of deposited funds
Allowable leverage
Currency pairs available […]

As we have indicated, there are a number of choices available to you in your trading. Do yourself a favor and consider well which one you choose. Don’t just pick stocks because everyone else you know trades them. Their path is not necessarily yours. Consider the time you will have available to trade, when that […]

We noted during our discussion of the different markets that there are a variety of ways to trade them. Many markets have both a cash component and some kind of leveraged instruments available. Stocks, for example can be traded straight up in terms of the shares (cash market) as well as through options and futures […]