How to Trade Forex While Having a Job

By Nathan Pennington

So you work a job. It's okay. Most people do. The think is that you want to trade forex too, and that seems to take too much time. I have the solution for you.

You have two options. Here they are:

1) You could trade long term. If you're just trading off of daily charts then you don't need too much time. All you need to do is just check them once per day for about a minute or two.

If you decide to trade off of the longer charts you need a system that is good for the longer term charts. If you want to trade with the trend, then you need to stick with standby's like moving averages. The simplest way to do it is to place a 200 moving average on your chart. Then place a 30 day moving average on it too.

Now whenever the long moving average is point up, you only trade when the short moving average is up, but the price has traced down to the 30 day moving average. Then you go long. Trail the stop.

Just reverse it for a short trade. The 200 moving average must be pointing down, and so must the 30 day moving average. Then, the price needs to come up and touch the 30 day moving average.

2) You could also trade short term for a short period of time. They way you would do it is to trade a regular day trading method. But because you can't watch the currency all day, you open about 6 or more windows of different currencies. Most likely you'll get a good number of trades per week doing that.

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