i mostly do short term because it helps me making profit faster .... but for shorter trades you require proper calculated analysis...other wise it yoou might go into loss
Printable View
i mostly do short term because it helps me making profit faster .... but for shorter trades you require proper calculated analysis...other wise it yoou might go into loss
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.
Well, it is not always the case. If you trade short term with a large amount like 12,000 dollars and you are successful then you will make a lot of money. Our trading balance is the main thing that we can use and make money in forex trading.
I think you should be long term in forex business, you should gain a little but consistent, use good money management..
if you are short term maybe you need to master the psychology is better because you may be playing a short distance and quick.
I think probably every trading system has its own advantages and disadvantages, such as short term scalping if you must master the characteristics of a good pair, psychology, and good money management.
for me I tried scalping and as well as long term but so far long term has given me better result so this is why i am just thinking to be perfect in long term trading it is really really easy for me.. as market is not same all the time so different strategies can work at different times.
me too, sosmsetimes i used scalping, intra day and also long term, and all is depend to the condition and what should i do to face it...?but i really like scalping and i maximize it with follow the trend so when i make a mistake with scalping i let the floating minus and my strategy change be intra day or long term...but this way i have to calculate for it before i let floating minus, because i do not want to get MC
and all this time, my profit is bigger than losing