I believe its fully depends on particular trader and his strategy also psychology is attach here. I think both idea are effective . Just need to find the good money management skill .
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I believe its fully depends on particular trader and his strategy also psychology is attach here. I think both idea are effective . Just need to find the good money management skill .
I love trading short term in the forex market. When I will make large balance then I would like to trade long term in forex market. I do my short term with h1 or h4 chart which are helpful for trading short term in the forex market.
Income for man those who are gather knowledge about computer and online internet use knowledge. So Forex means a sources of income in on line by conversation various topics on forex trading. It is a indian wave site from which lot of people earn money in long time. It is suitable sources of income for student and employee. Its a game also. There is business which as no risk. On line Business is modern business for educated person , but there is risk in business.
i am on the same situation with you i also trade short term because i don't have enough capital to trade long termQuote:
Originally Posted by vijai21
and also i don't have the time to wait for big pips. i follow the principle of intra-day traders and that is "it is better to catch small pips here and there than to wait for the big pips".
10 to 20 pips everyday is easier to find than 100 pips, right?
plan and the psychology of trading, a trader must be prepared before entering the market. prepared if it is only the psychology of a trader does not know what to do when entering the market.Quote:
Originally Posted by mtec
It depends upon your strategy, experience and capital. If you are a day trader, you have good experience and big capital then you should take long trade. On the other hand if you are scalper then you should follow short trade.Quote:
Originally Posted by Victoryindia
the success in forex trading depends upon how well we are trading, not depended upon short time or long time basis. any of the two types could be helpful. thank you.
I think short term trading is profitable, but it is not good for success in life.Long term trading is more preferable to me than short term trading.Short term trading is good for them who have small capitals.They earn a lot of money in a day and also make losses.Finally they loss their accounts.Traders who have huge capital don't usually perform short term trading.They want to make profit for ever.So they wait after trading and make their capitals bigger and bigger.
I like to trade long trades because it is more comfortable and we can make a profit without sitting too much in front of the computer . I think that is why many traders prefer the long side trades
trading plan is very important because with the plan it will be easier for us in the implementation, this feels so will its influence on the results of trading for me, because I always avoid the loss and is often a profit by making and using the trading plan.Quote:
Originally Posted by lilorusdi