Which is better (i.e more profitable and carries "potentially" less risk, or can it be measured?)
Interested to hear opinions on this?
Interested to hear opinions on this?
Longer Term Trading 11 replies
Trading EUR/USD & Majors, Longer Term 205 replies
Automated longer term trading with MT4 8 replies
EUR/USD Longer Term Trading 232 replies
Short Term / Medium Term / Long Term? 3 replies
DislikedIn my experience, I can tell you that it is probably better to start trading longer time frames first and here is why; It's not about more noise or less noise.. It's harder to over-trade when trading long term time frames, so you develop more patience and discipline to wait for proper set ups rather than forcing a trade. When trading lower time frames there is always a trade if you want there to be one because the candles develop so quickly that you can rationalize taking a mediocre setup, just to be in the market. You may even get bored and rationalize...Ignored
DislikedPete, i can tell you, trust me, during the last four years i have invested over $155k usd so far. In strategy developments. The most hard thing is day trading! This one comes last! And it comes the HARD way. Very few hobby traders, can day trade. These are the top hobby traders. Do not even think to day trade! Weekly/monthly trading is hard enough to learn. Go after it first! In a demo! Never leave the demo, until consistent with weekly/monthly profits. And Pete, leran to flip. Do not use SL! Flip instead! Do not day trade! Not in the next 4-5 years,...Ignored
DislikedPete, i can tell you, trust me, during the last four years i have invested over $155k usd so far. In strategy developments. The most hard thing is day trading! This one comes last! And it comes the HARD way. Very few hobby traders, can day trade. These are the top hobby traders. Do not even think to day trade! Weekly/monthly trading is hard enough to learn. Go after it first! In a demo! Never leave the demo, until consistent with weekly/monthly profits. And Pete, leran to flip. Do not use SL! Flip instead! Do not day trade! Not in the next 4-5 years,...Ignored
DislikedSome good advice, I personally trade a longer term. Though would be interested in delving into intraday.Ignored
DislikedWhich is better (i.e more profitable and carries "potentially" less risk, or can it be measured?) Interested to hear opinions on this?Ignored
DislikedWhich is better (i.e more profitable and carries "potentially" less risk, or can it be measured?) Interested to hear opinions on this?Ignored