That is very important not only because of the dependency – the more time you spend trading, the more you can earn, but also because the amount of time that you are willing to spend trading is going to determine the type of trader that you are.
For example, to be a short trader requires more of your time spent in front of the chart and news.
If you are willing to become a long trader, then you are not going to have to pay that much time in your trading space.
And while these two types of traders are the most well-known, there is always a third. And the funny thing is that the most of us are falling under the definition of this third class of traders – scalpers.
Scalpers are those who are thinking that they spend 8 hours a day trading but in reality it Is roughly 5-6 hours, how so? Well, we spend a lot of time not reading the chart and looking for the news, but selecting the perfect song, making coffee, watching cat videos on YouTube and so on.