Does a trader needs to be a full time trader to be successful?
Does a trader needs to be a full time trader to be successful?
As the market is volatile and very technical, does it take full time to become successful in trading? or can some trade part time and still make real profit from the market?
Not really.
What you need to become successful is more of the wins with your trade. That’s what success defines for me and even you’re a full time or part time but you’ve got more wins.
Then that’s it.
I think most people trade fairly part time. If you think about it, most people trade 5m charts to 1d charts and a new pattern can take at least an hour to form so if trading just one or two instruments, you don’t need to take much time at all to work out whether to trade before moving away from the charts.
Of course, people who do fast paced trading or who like to cover a lot of the market will be more active trading and might start doing it full time – but I’m not even sure it’s helpful/healthy to trade full time (especially as a beginner).