You don't need to stare at your monitor screen all day. Just spend 30 minutes a day, and you can already start trading. How to do it?

30 minutes trading

Traders have unique styles and habits that are influenced by their personalities. Hence, what works for one trader may not be effective for another.

Moreover, traders come from diverse backgrounds, some full-time while others are part-time. However, many wrongly assume that their daily activities can hinder their trading results.

In reality, one can trade for just 30 minutes a day and still achieve success, provided they know how to do it. This way, they can balance their time between their daily routine and trading without feeling overwhelmed.

 

30-Minute Trading Steps

Are you still unsure how to trade for just 30 minutes daily? Don't worry. Here are some simple steps you can follow:

  1. Analyze: Begin by carefully analyzing the forex pair you want to trade. Take note of the price action and observe long-term and short-term trends.
    For instance, assess the long-term trend on a weekly and short-term trend on a daily time frame.
  2. Identify: Based on your analysis, identify essential points such as key support and resistance levels, the market's direction (sideways or trending), and other pertinent details.
  3. Confirm: Resist the urge to open a position prematurely!
    Instead, record all of your observations in a trading journal and then double-check the strength of the trading signal on that pair.

 

30-Minute Trading Technique

Assuming that aggressive trading will result in more significant profits is a common misconception. Profitable and consistent trading outcomes can be obtained in as little as 30 minutes daily, provided your setup is correct. Two essential components must be considered:

 

1. Use Daily Time Frames for Analysis

Begin by setting the time frame to daily and analyzing the latest price formation after the New York session has ended. This is because analyzing the market at the opening of the Sydney session tends to have lower market noise.

Use your 30-minute trading window to thoroughly analyze trends, key support and resistance levels, and potential trading signals during low trading volume periods.

 

2. Set and Forget

The second point is the key to successful 30-minute trading. Utilizing your time effectively is crucial, especially with a busy daily routine.

Execute your buy or sell entry when you find a proven signal, and remember to set your stop loss and take profit according to risk management.

Once done, close the trading platform and adopt the "set and forget" technique. This approach is effective because it allows you to avoid over-monitoring the charts.

Traders who obsessively monitor charts are likelier to lose money in the forex market. Instead, try to be a trader who can step away from the screen and focus on other daily routines.

However, it's important to remember that "set and forget" is not a one-size-fits-all solution. You can still exit a position before reaching your planned target, but strong reasons, such as the appearance of a trading breakout signal or a trend change, should support any changes to your plan.

Stick to your trading plan and mindset, but be willing to cut your losses if you see a strong signal that the price may move against you.

 

Do You Need to Recheck After Execution?

Is monitoring after executing a trade using the 30-minute trading technique necessary? And when is the best time to do so?

The 30-minute trading technique involves a set-and-forget approach. Once you've executed a trade, it's recommended that you close the trading screen and check the results the next day.

However, some traders are still unsure if monitoring is required after execution. Ultimately, whether or not to monitor is up to you.

However, it's important to remember that the more you check price movement charts, the more it can impact your trading psychology and lead to impulsive decisions. This, in turn, increases the level of risk.

 

Benefits of Trading for 30 Minutes a Day

Aside from time efficiency, there are numerous advantages to trading for only 30 minutes each day. Let's explore the many benefits you can enjoy by utilizing this uncomplicated trading approach:

  1. Higher consistent profit opportunities
    You can enjoy longer rest periods because you only need 30 minutes for trading. Having enough rest will help you manage stress, pressure, and trading risks, especially if you have a busy daily routine.
  2. Having plenty of time to develop trading system
    By spending less time in front of the screen, you can have a calmer and more relaxed mind. This will enable you to focus better on developing your current trading techniques and thinking about plans, allowing you to create a superior trading concept with a higher winning percentage than before.
  3. Doesn't hinder your busy schedule
    By dedicating just 30 minutes daily to trading, you can easily fit it into your routine without any disruptions. Over time, you can develop a habit of applying simple trading techniques effortlessly. 
  4. Reduce trading costs
    One more benefit of doing 30-minute trading per day is that it can help you save on trading expenses. It's common knowledge that spending too much time monitoring trading charts can lead to overtrading

 

Conclusion

The 30-minute trading technique aims to turn a routine into a habit. Once you get used to the simple technique, you can develop the habit of trading accurately.

At first, you may find it boring, but over time you will enjoy it, especially if the technique helps you consistently profit.

 

Short terms trading will bring more accurate results with the help of indicators. For this purpose, you can use scalping indicators that are popular among short-term traders.