Forex Trading for Your Schedule

We’re almost a week into the 90 day forex trading bootcamp! After sharing this post with you today, we’re getting started trading forex online as we follow my new $200 trading account growth.

When to Trade Forex?

One of the most common questions I’ve received regarding the 90 day forex trading bootcamp is:
“I’m busy, do I have enough time to trade?”
The answer is YES, when you understand that different timeframes provide different time commitments.
I personally don’t like sitting at the computer for 4 hours during a Forex Surfing or Forex Swimming session. I’ll be teaching it during the 90 day forex trading  bootcamp because many of the rapid forex blog readers want to learn it.
I’d much rather be out driving around Maui, playing guitar, swimming in the ocean, hiking a trail, or doing something outside. In fact, I generally don’t spend more than 2 hours behind a computer a day.
But I’m not everyone… It’s also really cool to know that you can sit down any time you’re free and grab some pips from the Forex.

Tailoring Forex Trading Timeframes to Your Schedule

You can trade the forex ALL DAY LONG, or you can check it a couple times a week. The beauty of trading forex is that you don’t need to be tied to a computer. The fibonacci trading method used in Forex Sailing, Forex Surfing & Forex Swimming allows you to place your order and walk away from the trade.
Let’s look at approximately how long a fibonacci wave takes to form in different timeframes.
4-hour charts: 5-7 days
1-hour charts: 24-36 hours
30-min charts: 12-18 hours
15-min charts: 6-10 hours
10-min charts: 4-6 hours
5-min charts: 1.5 to 2.5 hours
1-min charts: 15-25 minutes
These are approximate average times to help you know how long a trend will last, so you know how often to check your forex trading charts.
In my previous post “forex trading opportunities in all timeframes,” I gave a guideline for how often you should check your charts for changes. This was based on taking half of the shorter range of the average above. If you check your charts at these intervals, only 1/3 to 1/2 of a wave would have formed, so you probably won’t miss anything on those charts.

Have it Your Way Forex Trading

All you need to determine is how ofte you want to look at forex charts. If you want to look at them every 2 days, you’ll want to use 4-hour charts. If you want to check every 2 hours, use 10-min charts. Once the trade is placed, you can simply set your stop & limit & walk away. I’ll also be teaching you some optional trade adjustment strategies later, but for now you can just “set it & forget it.”
Here’s the timeframes & their maintenance requirements:
4-hour charts: check every 2 days.
1-hour charts: check every 12 hours.
30-min charts: check every 6 hours.
15-min charts: check every 3 hours.
10-min charts: check every 2 hours.
5-min charts: check every 45 minutes.
1-min charts: check every 5 minutes.
The only thing you need to be careful about is not to trade any currency pair lower than 4-hour charts on a day where there’s a HIGH impact fuindamental announcement (you can get this info free at fx360.com).

LIVE Trades Coming Soon

That completes the basic forex trading review of the 90 day forex trading bootcamp. Now I’ll be looking for forex trades to share with LIVE bootcamp members as they happen, and Archive bootcamp members AFTER they happen. You can still register for the LIVE 90 day forex trading bootcamp here, and you’ll see me do my next trade as it happens!

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