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Time management – Forex for beginners from scratch

Greetings to all fans of trading in the Forex market, colleagues in the trading workshop and blog readers. Today we’ll talk about how you can additionally free up time for useful activities, in particular, for trading. Many people complain about the absolute lack of time. Although only we manage time, or rather, their time. No one from the outside can force us to do something in our free time. We ourselves draw up an approximate plan of our actions. Accordingly, we already foresee in advance what intervals we will use for this or that lesson. It often happens that for the most important occupation we cannot find free minutes. How do you learn to manage your time correctly?

Clearly prioritize

Someone plans their day, in the morning, just waking up. Someone is planning tomorrow in the evening. In any case, a “list” of things to do is compiled. Moreover, we plan a to-do list taking into account the time required to complete each of them. Quite often, it is planned to do something, and then, if there is time, then you can do some other actions or work. It would seem that everything is simple, the day is planned out. But in most cases, we do not plan the order of execution of certain works. There will be a mood – we will do one thing first, and then, depending on the mood, either one or another work. This is one of the main mistakes. You need to prioritize tasks from the beginning and start with the most important task.

Plan your schedule hard

If you plan your work schedule for the day based on your mood, it may turn out that nothing will be done at all. There must be a break between each completed work and the next. Only this break should be strictly limited. Only then will it be possible to do everything planned. For many, it happens that after completing one task, the break is delayed by half a day. And then, for the remaining time, the person tries to somehow do what was planned. This is the wrong approach to time management, and the quality of work done leaves much to be desired.

Refusal from inappropriate use of a computer, smartphone and other gadgets

All the delights of the modern world greatly simplify access to any information, make our life cozy and comfortable. But, at the same time, they fill the entire temporary space of a person. We simply no longer notice how much time we spend in front of a TV, computer or smartphone. And this is a fairly considerable time resource. It is necessary to try to limit the inappropriate use of the above devices. After all, it often happens for everyone that he was going to find the necessary information, but saw a message from a friend. I was about to answer him and decided to scroll through the news feed on the social network. And so unnoticed an hour or even two passed.

Avoiding distractions and time-consuming

Many people have given up on watching TV programs. And in general, from watching TV. The main news can, if desired, be read online. Use smartphones only for essential communication. And try to use computer technology only for solving the assigned tasks, without being distracted by anything else. All these listed actions will allow to minimize ineffective pastime. Which, in turn, will give us the same missing time for important things.

Yours faithfully,

Vitaly Pryadko.

18 November 2020

Moris Akline
About author

Speculative operations in the foreign exchange and stock market. Work with futures and indices on CME. Work on FORTS and RTS. Development of portfolios and investment strategies for clients. Knowledge of technical (price charts of various types, indicators and oscillators, trends, channels, support / resistance levels) and fundamental analysis, take note of news. I work according to my trading strategy in compliance with the rules of capital management and risk management. Development of trust management strategies. Technique of order execution, placing and changing protective stop-losses, hedging.
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