Lol, one time I have this uncle over at my place and man he doesn't like bathing at all. Sometimes I relate to it.
How do I trade Forex?
- Thread starter tradingacct1
- Start date
Lol, one time I have this uncle over at my place and man he doesn't like bathing at all. Sometimes I relate to it.
Hard, dedication, and commitment is the key to success in the market. Do this well and we are good to go.
True. One can't use a scalping strategy for long-term trading and vice versa. Do people even try that?
Yes I think so too, sometime I am trying averaging strategy and indeed not always end with good result and sometime fail, trend market that easy to changes sometime that causing strategy fail
I do. I use "strategies for long-term trading" for what many people would "scalping" (I'm not actually a scalper, but you might reasonably call it "semi-scalping"). And they work very well.
It's easy to assume that because the methods used for trade-entry signals on longer time-frames are more reliable (which they generally are) that it follows that longer time-frames are also necessarily going to be more profitable, but this is a mistaken assumption.
Reliability ("win-rate", if you like) and overall profitability are two different criteria.
Sometimes the far greater frequency/availability of trading opportunities on faster time-frames more than compensates for the reduced reliability.
I'm "just saying" ...
I do. I use "strategies for long-term trading" for what many people would "scalping" (I'm not actually a scalper, but you might reasonably call it "semi-scalping"). And they work very well.
It's easy to assume that because the methods used for trade-entry signals on longer time-frames are more reliable (which they generally are) that it follows that longer time-frames are also necessarily going to be more profitable, but this is a mistaken assumption.
Reliability ("win-rate", if you like) and overall profitability are two different criteria.
Sometimes the far greater frequency/availability of trading opportunities on faster time-frames more than compensates for the reduced reliability.
I'm "just saying" ...
As long as your strategy works and is profitable nothing else matters.
I do. I use "strategies for long-term trading" for what many people would "scalping" (I'm not actually a scalper, but you might reasonably call it "semi-scalping"). And they work very well.
It's easy to assume that because the methods used for trade-entry signals on longer time-frames are more reliable (which they generally are) that it follows that longer time-frames are also necessarily going to be more profitable, but this is a mistaken assumption.
Reliability ("win-rate", if you like) and overall profitability are two different criteria.
Sometimes the far greater frequency/availability of trading opportunities on faster time-frames more than compensates for the reduced reliability.
I'm "just saying" ...
With same degree of risk applied (leverage) long-term timeframe trading is really more profitable, simply because of lower spread costs. I have raw spread account with Hotforex where I also scalp and fixed spread account for long term trading and I find that spreads costs still account for at least 20% of my profit. So I'm looking to switch completely to the long-term trading as less sitting before monitor is among other benefits from it.
That's quite nice to hear and like this way you could learn more about the Forex Trading it is nice way to trade with Forex.