InstaForex

Wednesday, December 12, 2012

Inside Trade | Time Management


Time is gold.” We've heard it most probably a gazillion times already, but then again it teaches us to cherish one of the most important things in life. Time.

Time is really important. It's something that we can't bought even if we have all of the money in the world. It's something that if wasted, it cannot be returned to us no matter what. It's not something that we could save for later because it would continuously push through regardless of anything that might happen. But you know what? It's what we do with the time that makes it very important.


Since time is a very valuable asset and wasting it would most probably the last thing that we wanna do. Not to mention that it may also be the one of the most unreasonable crime for ourselves. Better allocate it in the things that we deem important. Use it wisely every moment, like it was the last penny in our possession. Here are some tips that may help us effectively manage this valuable resource.


Make a schedule and stick with it

Although being spontaneous makes our lives a bit exciting, it wouldn't hurt if an activity schedule is already laid for the day. Some of our colleagues, most especially those with short and super short positions, tend to spend the whole day trying to earn from every pip. Occupied from dawn till dusk or dusk till dawn. They seldom take a break to inhale a deep breath of fresh air or stroll around the corner to appreciate your surroundings.

But in case your gonna devise your schedule, just be sure that your schedule has a little room for unexpected commotions. Make it not too tight but not too loose.

Know what's important

Traders sometimes forget that there are far better things in life than earning profit in the market. I'm not saying that we refrain from trading, I'm only pointing out that we should plan everything out so that we won't be glued in front of our computer the whole day, watching the market instead of watching our kids grow. Time is really flying very fast and one day that you may be surprised that you had spent almost all of your life monitoring the changes in the market rather than the changes of people around you.





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