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5 Tips on Trading Remotely

Posted by BluFX

 

5 Tips on Trading Remotely

Productivity is the key to success - so how can you remain productive while working at home? Here's a list of five important tips to help you stay on top of the markets while working remotely. Simple!


Read How to Focus Effectively ⟶


5 Tips to Trade Remotely

Tip #1: Create an environment that inspires you and energizes you

If you're going to work from home, make sure you create an environment where you're comfortable and inspired. This means creating a space where you can focus on your work. If this means having a home office or setting up a designated workspace in a separate room in your house, then do that! If it means buying some plants for the windowsill to help boost productivity, then go for it.

Your desk should be the right height for your sitting posture. Our bodies need to be in the best position to feel comfortable for long periods. Ideally, your chair should support your lower back and allow for movement.

Working from home might mean that there's not much natural light coming into your space during winter months (or even during summer if it's dark at 5 pm). Try to bring more natural light into your space; open blinds during the day and use lamps at night if needed. Natural light helps increase energy levels, which is important when working remotely!

Curious about what other people's WFH situation looks like? Take a sneak peak inside traders' home offices here>>

Tip #2: Practise time management

Time management is critical for trading, and you need to set a schedule for yourself. This will help you stay on track with your other daily tasks and ensure that you have enough time to do everything without feeling stressed or rushed.

It would be best if you also created a routine to stick to your schedule and keep yourself organized. For example, if you are planning on trading once per day during regular business hours (9am-5pm), try setting an alarm at 8:30am every morning to remind you when it’s time to begin working on your trades.

This way, even if life gets busy or stressful outside of work hours, there won’t be any surprises when it comes time for making trades later in the day.

Trying to balance trading and a 9-5? Read our top tips on how to balance trading with your day job.

Tip #3: Try to stick to regular routines

Sticking to a routine is probably the most important thing you can do when trading remotely. If you’re not disciplined, it’s easy to get distracted and forget about your goals, negatively impacting your career as a trader.

Trading is a job, not a hobby, so treat it as such. If you’re trading remotely, there will be days when you feel like the whole world can wait—and though that might be true, it isn’t beneficial for your trading account or career growth. Make sure that you are in the right frame of mind when you trade so that distractions don’t get in the way of your time or performance on the market.

It's time to step up your game. See 9 working from home tips for traders>>

Tip #4: Make sure your internet connection is fast and reliable

Your internet connection will be an essential component of your trading strategy. It's important to know that you have a fast, reliable internet connection.

To ensure this, test your internet speed before getting started by using one of many online websites that can test connection speeds. If possible, use wired connections instead of wireless ones since they tend to be faster and more reliable.

Struggling to step away from the computer? Here's a guide on how to manage anxiety, stay focused and get used to working from home - with meditation apps, tips and more>>

Tip #5: Set up alerts on your phone to avoid missing important news events

While trading, it's important to be aware of what is happening in the global markets. While you can check your smartphone and other devices for updates, it's crucial that you set up alerts on your phone so that you don't miss important news events.

You should also schedule breaks from the screen. Research suggests that we take a break from our screens after 50 minutes or so without fail; otherwise, fatigue may set in, leading to poor performance later on. Finally, set up an alert for when your position has been open for a certain amount of time—this will help prevent overtrading as well as potential losses due to market volatility.

Here's how to stop overtrading if you're working from home>>

Read: 5 Tips for Fitting Trading Around Your Day Job ⟶

Tags: Trading Tips

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