Time Crunch Trading

Since you are reading this book, more than likely you feel you fall in to the large category of people who consider themselves part-time traders (or would be if they were active in the markets). That can cover a wide spectrum though, so it makes sense that we start with a definition.
For the purposes of […]

This question gets asked by new traders on an incredibly frequent basis. It often does not get answered in any straight fashion (as the rather tongue-in-cheek post from the Trade2Win discussion boards at right shows) for the simple reason that there are a huge number of variables involved, including things like the size of your trading account and how much risk you take.

Effective part-time trading is really all about time management. It’s about making the absolute best use of the little bit of time that you have at your disposal. This book is designed to help you do exactly that. It will show you all kinds of things you can do to maximize the time you put […]

As we have established, the starting point for any good part-time trader is to form a strategy. The first step to forming a winning strategy is to pick a timeframe that will be most suitable for you to trade within. You need to be sure to select a timeframe that you can work in productively […]

Successful trading, as with any other meaningful activity, requires the proper mindset. We will delve more deeply into the topic of trading psychology in a later chapter, especially as it pertains to part-time traders. There are, however, a few related topics which need addressing upfront.
Motivation
Can you clearly state what motivates you to be a trader? […]

Part-time traders can play a number of different markets based on some different criteria

One of the most common questions that is asked by those getting in to the markets is, “How much money do I need in order to trade?”. Not all that long ago the answer would likely have been several thousand. These days however, trading does not necessarily demand such high starting amounts.
Day trading and the […]

The knowledge required to trade the markets is not necessarily as much as one might believe. Many people are daunted by the depth and breadth of the financial markets. It is certainly true that it can be overwhelming to consider all the ways that you can be a trader, but that’s exactly why it is […]

The question of which broker to use starts with your choice of the market you will be trading. Most brokers specialize in one way or another. There are some that offer trading in multiple markets (such as stocks and forex), but that is the relative minority.
After you narrow down the broker list to just those […]

We have touched on this a little already, and we will do so again in a more specific fashion in a chapter to come, but you cannot spend too much time talking about risk and money management. It can be the single element of your overall trading which has the biggest impact on your results.
There […]