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GKFX Webinar | June 7, from 6 p.m. - Forex trading for professionals

GKFX webinar: Foex trading for professionals (01/20): Would you like to trade Forex alongside your main job? Interesting facts about forex trading for professionals in the GKFX webinar - June 7th, from 6:00 p.m. Join GKFX & live now.

Even those who have a job have the opportunity to successfully start trading. Jay Medrow gives some helpful tips for working traders on June 7, 2018 at 6:00 p.m. in the GKFX webinar "The Trading Sessions: Forex Trading for Working People". A basis here can be a good grasp of economic contexts. This can be an advantage for fundamental analysis, for example.

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Personal timing

The time or personal timing is probably a very big topic for working traders. Traders should be aware of how much time they really have to trade in addition to their job. This can vary depending on the job. For example, someone who works for a company that offers a flextime model or flexible working hours may be more flexible than an employee who has to be in the office or in the shop from 9 a.m. to 5 p.m. Shift workers and the self-employed can also divide their free time differently. In addition to the trading style and the choice of the appropriate underlying, the time frame is the most important question regarding trading in addition to the profession. Swing trading on the forex market is very beneficial to working traders.

Trading before and after work

Many employees still have a little time before work, for example to adjust their current positions to review or place a new order. Even after work, there is still plenty of time to trade. However, if you spend the majority of the day at your workplace, you shouldn't opt for day trading. Here it is particularly important to always follow prices and movements in the market. Depending on the trading instrument chosen, there may also be insufficient liquidity on the market in the evening after work.

Swing trading is more recommended for working people. Trends are fully exploited, so traders are not inevitable dependent on short terms. Traders can also program a pending order in the morning before they go to work, which then runs the rest of the day without their intervention.

Note trading hours

Swing trading can also be used outside of trading hours, which traders should always keep in mind. For example, you can trade on the Frankfurt Stock Exchange from 8 a.m. to 8 p.m., with main trading hours from 9 a.m. to 5.30 p.m. When trade begins in this country, it tends to end in Asia. And in the evening, when the European stock exchanges close, trading on the US stock exchanges is still active. Especially in the late afternoon, when trading times in Europe and the United States overlap, there can be a lot of movement in the market. Therefore, there are always good trading opportunities in Forex trading in the late afternoon.

GKFX Webinar | June 7, from 6 p.m. - Forex trading for professionals

Swing trading with longer terms

In swing trading, traders often go longer terms, often a few days or even weeks, a. Traders focus on longer-term trends. The periods can therefore be very broad. Short fluctuations within a day are often of little importance here. For this reason, in many cases traders do not have to sit in front of the screen for hours and keep an eye on their position. Depending on your strategy, it may be sufficient to check your position only once or twice a day and possibly the selected one Change limit. This means that swing trading traders can save a lot of time.

Flexible in forex trading

Swing traders are also quite flexible in forex trading with regard to the investment horizon. Swing traders can often very well use the fundamental and chart analysis as an aid ; also in combination. Nevertheless, traders who have little time should, if possible, be well informed about geopolitical and economic policy events.

In swing trading, traders want to take advantage of price fluctuations and make profits in this way. The idea behind it is that all medium and long-term price movements consist of swings. In addition, a course never moves exclusively linearly, but in short-term fluctuations, the so-called swings. These can occur in any phase of the exchange. In addition to upward and downward movements, sideways movements are particularly interesting for swing traders.

Forex trading is very interesting for professional traders, since can be traded almost around the clock. The market is also very liquid. Only a liquid market with high advertised and high demand allows successful trades. The forex market is the largest and most liquid market in the world. In addition, the trading volume is particularly high.

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Automated trading systems for working people

An interesting opportunity for working traders can automatic trading systems. Many brokers offer options such as the Expert Advisor, which GKFX also provides. Fully or semi-automatic systems can also be used without programming knowledge. However, traders also have to think along here. Your job is to set certain criteria in advance. The program then recognizes this and automatically opens and closes a position with suitable trading signals.

Traders who want to use automated trading systems first set up a set of rules. It is also possible to implement swing trading with automated trading systems. With partially automated systems, the trader can actively intervene at any time and, for example, open an order according to certain trading signals. Fully automated systems relieve the trader of numerous tasks.

Special order types as an alternative

Some traders use stop loss orders, stop buy orders or take profit orders as Alternative to automated trading systems. A stop loss order is actually used to limit losses. However, if you want to use it as an alternative to automatic trading, you will automatically close a position when a certain price has been reached. In this case, you secure the hoped-for profit.

The opposite is a stop buy order. At a certain market value, you automatically buy a predefined base value. With a Take Profit Order, traders pursue the goal of taking profits. However, these types of orders are not comparable to automatic trading systems.

Trading via MetaTrader at GKFX

The well-known British CFD and Forex broker GKFX offers trading via MetaTrader 4, among other things. In addition to tools for technical analysis, traders will also find help for automated trading. Numerous order types as well as real-time prices and indicators are available to traders.

If you want to use automated trading, you can do this via the Expert Advisor of MetaTrader. There the trader specifies his personal criteria for trading and the software takes on many tasks in the trader's sense.

The broker offers a wide range of 100 currency pairs in Forex trading. Major spreads start at 2.0 pips. The offering also includes CFDs on stocks, indices and commodities. Traders can choose between several account models.

Conclusion: Choosing the right type of trading and underlying value is crucial

Traders who trade alongside their actual job can certainly be successful on the market. If you are looking for helpful tips here, the current GKFX webinar "The Trading Sessions: Forex Trading for Professionals" on June 7, 2018 at 6 p.m. with Jay Medrow could be interesting.

Many professionals opt for swing trading. The Forex market is also very attractive to working traders, since trading in the US is still in full swing after the European stock exchanges close. The morning before the stock exchanges in Germany open, trading in Asia is coming to an end. The Forex market is considered the largest and most liquid market in the world.

The swingtrding is very useful for professionals. Longer-term trends and periods are used here so that you don't have to monitor your positions and watch courses all day. It can often be sufficient to check your positions once or twice a day and adjust limits if necessary.

Swing trading can also be linked to an automated trading system. GKFX offers the Expert Advisor for this. Traders define certain criteria in advance and the software opens and closes positions independently based on these criteria. So a lot of work is taken off, especially for working traders.

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