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I love being a short term trader. I love making money every single day. I just don't like it when it's taking too long to reach where I put the take profits. So at times I go for just 10 pips, 20 pips, and the highest pips I've taken at once is around 55 pips and that in one night.
short term is better because in long term trading you are more liable to the market surprises and the big news impact also your positions may float deeply in minus for hundreds of pips, this needs high patience and it is not a criteria of newbies
With the market full of uncertainty I do not see long-term use will be effective, I need assurance that the short term is the only way way out to get a good profit. i like scalping a time frame M5 and M15.
I always prefer long term trading cause in long term trade I can give my trade a long breath but in short term its not possible.So why I always targeting long term trade.Basically short term trade is like a scalping to me.
People do not have to go with short term trading for most of the times But if you are trading with long term trading you are relatively more relaxed and you need not to focus your attention on the trading all the time but they have to do long term trading also. Because if the economic condition of the currency is weak or good from this we decide trend and keep our position for long term
it depends on trader
some traders believe to open and close deals on daily basis while many traders wait for week or months in order to get huge profit..
Both ways of trading are equally good and it is decided by the trader itself.
I prever long but keep secure, I think is to the best knowledge of individual, no one will like trading without thinking of making it from it, if not then what are we trading for and cost of running the trade is another thing, so business is business.Quote:
Originally Posted by saad1
accepting failure is the first step that once takes to move toward success, as by accepting failure one, looks into the matter, and try to find the mistake that he has made, to work again and this time to get success.Quote:
Originally Posted by Victoryindia
It is very good thing that you are feeling comfortable with this business but I am still in the learning stage and I will think about it at later stage when I will see that whether this business can give me enough earning to convince me to quit all other jobs.Quote:
Originally Posted by saad1
to be successful in this business, you must undergo a long learning process, takes a long time, learn trading strategies, money management and trading psychology. also very important to control emotionsQuote:
Originally Posted by shourovekst