Day job with forex trading?

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Professional full time traders spend nearly 10 hours per day on trading.Thus, if you have another full time job, it would be almost impossible to dedicate enough time to trading to become full time trader in future. That is why if you need to have another full time job to have main source of income covering your daily needs, it would be better to think about swing/mid-term trading. It requires a bit less time (only a bit, because despite you spend less time trading, you will have to perform in-depth market analysis, that is very time-consuming), but it gives unique working time flexibility. Being a swing trader, you do not need to watch the charts for the whole day, you can analyze the market and search for ideas when you have free time (after work, for example). Active daytrading could not be suitable for anyone having full time job. Just imagine that your boss gives you urgent task that should be done ASAP while you have an opened position you need to watch. This would create enormous psychological pressure affecting both trading and your main job. That is why to my mind it would be much better to start with swing trading while dedicating most of the time to your main job to create inital capital for trading.

 

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