Best time frame for forex trading - The Best Currency Pairs To Trade & Times To Trade Them? (Part 1) » Learn To Trade
What kinda platforms should I look into? This is a big learning curve for me, so would appreciate all the feedback possible. RR Active Member Jan 30, Joined Jun 1, Messages Go to a casino.
Or throw your wallet into Harties - you will lose less that way. Why don't you ask the "guys, guys" OP from the pudding thread.
He also went the gambling way.
Joined Mar 31, Messages Hi Investar FX is not for the faint-hearted. You can make easy money, fast, and lose it just as quickly.
It helps, tradinng cant fall apart when you lose best time frame for forex trading, you will make rash decisions trying to earn it back, and then lose even more in the process. Muki Well-Known Member Jan 30, Joined Feb 11, Messages You need to be very disciplined though and be very selective of the broker you go through as some are fly by night companies and disappear when you want to withdraw funds.
Go through the training at Babypips. Trade it as if it is your own money and after you have doubled it, put in money.
It is very risky, but overall I ended up making a nice profit over a year or so. Bismuth Expert Member Jan 30, Joined Jun 22, Messages 3, Would recommend BabyPips, found that quite informative.
Have also traded a demo account, but didn't do too well for the short period I had it. But did enjoy it.
The key elements I got of it was as follows: FrankieK Senior Member Jan 30, Joined Jan 14, Messages OP, try thinkorswim paper money. Fairly easy platform to get used to.
They will let you have free access for, I think, two tradign and you can reset the platform when you lose all your paper money. Forex is heavily leveraged. And like that wild girlfriend you had at 'varsity, when she's on she's astonishing and when best time frame for forex trading not she's downright diabolical. Forex trading is NOT for amateurs.
Honey Badger Honorary Master Jan 30, Joined Apr 30, Messages 15, From this thread YingYang said: That's somewhat true, but nowadays the brokers are also market makers. Meaning if there's nobody to take the opposite position to yours, then the broker will take it.
What is however a problem with demo account is there's no slippage. When trading on a live account, the larger the lot size the bigger the slippage A real account is much more psychologically taxing, much, much more.
And the reason is simple: How much are you willing to lose before you walk away? How greedy are you;when do you take profit? How do you react when you lose a great deal of money?
Why don't you run it on a server in SA you ask. Some tips from my personal experience: There is no substitute for hard work. Long-term traders will usually refer to daily and weekly charts.
Trades usually from a few weeks to many months, sometimes years. Fewer transactions mean less times to pay the spread.
More time to think through each trade. Bigger account needed to ride longer term swings Frequent losing months.
Short-term traders use hourly time frames and hold trades for several hours to a week. More opportunities for trades.
Less chance of losing months. Less reliance on one or two trades a year to make money.
Intraday traders use minute charts such as 1-minute or minute.
Description:Dec 18, - The increase in forex trading ads and forex "success" stories in the country has What are the tax laws applicable to both countries? Either way, your chart reading technique must utilize at least 3 or 4 different time frames.