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I think we will get more profit if we do short term trading, because we can make several trades in a day. but if we use longterm trading, maybe we just make one trade only per a few days. Then we can make more profit if we use short term tradingQuote:
Originally Posted by ashraf500
That in long term trading we have to wait for the day, week and even month using our desired stop loss and take profit, use of the time frame may have a different impact in my opinion because you will see a different candle patterns and this will be your opportunity in every open position, the greater the time frame you use, the greater the profit or loss that you will get like means that every transaction you always place a stop loss above 70 points? it may well be used but we must know the range of the pair that you hold because it could be daily range exceeds your stop loss.
I think all have advantages and disadvantages and a newbie I suggest to run in longterm it much more convenient and the risk is very small, but short term we could make more money in a faster but more risky.:yahoo:
To choose which is better it depends on you but Short term trading can make you make pips greater if you know how to do that, you can buy or sell on the same day and take profit from that move accordingly and trade short time are dependent on the short time frame so they need to be monitored continuousl that is you are correct this is forex trading market and all traders must trade only according to the trading style that the are using and also according to available account balance.
You as a trader you have to look and see where the your strength lies you have to know when ever you trading there is soo many thing that have to know that are cleare for trading and you have to make sure that you have taken all the opportunitied there are
Differences in the forex business is done in a long-term transactions typically use a large time frame of reference so that traders can hold positions for days while transactions that do short term traders who trade typically uses a small time frame so often do scalping techniques as rading requires observation in a smaller timeframe, so that the signal could come sooner in fact If a long term trader opens a trade and his target is met within the next hour.
me bhi abhi newbie hon or muje short term trading pe beleive he isi liye me short term trading karta hon long term trading karne k liye kafi knowledge or experience ki zaroorat hoti he jo mere pas nahi he isi liye me short term trading karta hon...but jese jese experience ata jaega me long term trading karonga,,,ku k jitne bhi bare traders hote hen wo long term trading karte hen...
well in this matter i only say that it depends upon the trader working plan which part they chose the long one or short one when you had good knowledge and the experience about this trading business network then its easy to make decision either long one or the short one
Which i targeted long term dealing however my feelings help to make me personally to help near jogging trade i always prepared for long term, therefore it gets short term dealing, You should get large amount of fortitude to search for long term.
Forex is very lucrative business having some salient features, it provides the facility of short term and long term trading, now its depend upon the trader which trading method he wants to use short term trading or long term trading.
As concern to me, I ever use both kind of trading, some time I use long term trading but most of the my trading period i use the short term trading, I am a scalper and like scalping as I am earning good amount with the scalping method.