for trading on short term basis 20 pips profit seems reasonable but its always better to have a calculated tp target. And both short term and long term trading is profitable if we have the right techniquesQuote:
Originally Posted by ganguly
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for trading on short term basis 20 pips profit seems reasonable but its always better to have a calculated tp target. And both short term and long term trading is profitable if we have the right techniquesQuote:
Originally Posted by ganguly
I do both long and short and its depend on market movement . actually i like short because it may give quick profit but here risk also . anyway its better to trade long and short after watching the market movement i think.Quote:
Originally Posted by s19
why would you say that the long term has a less risk? give me a reason? I think about the big or small the risk not on longterm or short term, but lies in money management, if you have good money management, then there is no problem with the risk of longterm or short termQuote:
Originally Posted by malik
if about longterm can get huge profits must be in capital used, and usually longterm must have big fund
I think short term trade hi better hein. It is because we will not be risking lots of our capital then. We can easily close our trade when we have profit and even in loss, we will not lose huge amount. Though profits are better in long term trading, I think it is better to trade in short term basis first to be familiar with the trade.Quote:
Originally Posted by Victoryindia
yeahhh..i also do the same..actually i am newbie and i dont know much about market and also analysis..most of time when i place order for long time i occured loss ...so i try in scalping as it much helpful than long termQuote:
Originally Posted by ganguly
i am a short term trader.Mostly i will not have open trades more than a day.My target will not be higher than 100pips.My average TP will be 50pips.Quote:
Originally Posted by pivot-trader
yes you are right 20 pips are set accourding to your trading system and money management...i set 150pips accourding to my system and money management but that is maximum if see feel that market is going opposite then i close my trading.
I started as a scalping trader, but after many month of learning forex in forums and trading the live markets, i came to the realization that the long term traders are making the most money from forex trading. Now i am a position trader, and my trading is less stressful and more fruitful.
if you are able to do that and you are disciplined I think it's also good at hand when you hit each SL are able to get out of the market and continue to trade you for the next day
I always target long term trading but my emotions make me to close running trade which i planned for long term, so it becomes short term trading, One should have lot of patience to go for long term