By: globetrader999
22/11/2007
6:27 pm Yahoo! Profile:
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Sure, you can position trade currencies as you can also swing or day trade them. Just make sure you use an appropriate setup and stops for the style of trading you are doing, to do so otherwise you can get killed. Very highly leveraged markets that can be quite volatile so be careful or they can rip your head off! Do your homework before you put your money on the table.
Best,
David |
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By: dawson9b7b
23/04/2007
3:01 pm Yahoo! Profile:
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Trading on longer than intra day time frames are certainly a positive development for most initially struggling intra day, our and minute traders.
Viewing the market strictly through charts however is a more important problem. The problems inherent in technical analysis are totally ignored by most beginners. Learn fundamentals. I found an interesting site www.forexboost.com for support and guidance for beginners. |
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By: ken_no_san
23/04/2007
11:10 am Yahoo! Profile:
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The 100:1 leverage will kill you using weekly/monthly charts. Try 30min or 1hr. Also try using a fundamental event (US employment figures or the like) as a trigger with mechanical entry and exits.
K |
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By: jimmy9183
21/04/2007
8:28 pm Yahoo! Profile:
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Hi Friends
Since Forex oscillates on a daily basis, can I position trade currencies? By which I mean, use weekly or monthly charts. I have read that day traders rarely make any gains. Is swing trading the only possibility? My interest is in the GBP/USD currency pair.
Kindly help. |
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