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Our team is well-versed in professionalism and has a wealth of experience. It is fair to say that when most people think of forex traders doing business, they imagine them being glued to their monitors watching every single market move but does it have to be this way? Obviously some traders do work this way, especially if they are partial to a bit of day trading where the short time frames involved mean fluctuations in exchange rates can have a dramatic impact on potential profits and the accompanying graphs are erratic.
The answer is that with a little bit of planning and trading discipline, it is highly possible to make money while only trading part time. After analysing a currency pair and deciding how you think the exchange rate will move, you can use what are known as entry orders, limit orders and stop losses to control your trades.
The scenario is probably best explained by way of example. Let us imagine that, after looking at the relevant graphs and news, you decide that the GBP-USD rate will find support at 1. You might decide to put your entry order as a buy at 1.
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