Samar Posted September 30, 2013 Share Posted September 30, 2013 Trading daily means you are doing analysis daily and if you think your position still going to earn more money then why close it today. you do not need to trade every day. However, like the poster above says, trading every day does not necessarily mean opening and closing deals on a daily basis. Quote Link to comment Share on other sites More sharing options...
sakai Posted September 30, 2013 Share Posted September 30, 2013 Analysis and observing the market is a large part of trading in forex. Even considering that, you do not need to trade every day. It depends on the results we want and strategies that we have, if we want to get the great benefits we wish to trade on a daily basis and of course we must have a strong concentration to trade daily. Quote Link to comment Share on other sites More sharing options...
StevenBendre Posted September 30, 2013 Share Posted September 30, 2013 It is depend on the person itself, as for me I don't trade everyday, but I am trading at least 2 days in a week and mostly trade about 3-4 days per week, it also help me to gain more knowledge and some profit from my trading, and position I don't know how much position I open every time I trading. Quote Link to comment Share on other sites More sharing options...
budado Posted October 1, 2013 Share Posted October 1, 2013 I do need to trade each day. But my target is small percentage and this is the reason why I only earn about 5 to 10% profit each month. I don't try or expect to earn more. My main goal right now is to make sure that I can handle my account in forex without any problem. And this is way I keep on trading hoping to become a rich trader some how. Quote Link to comment Share on other sites More sharing options...
StillAlive Posted October 1, 2013 Share Posted October 1, 2013 Well, Its depends on the traders because they are not usually active in Forex trading or not full timer and not all the time the Forex market will be good to open position and also not good if we have monitor the market for the whole day when we are not going to have long term trading. Quote Link to comment Share on other sites More sharing options...
HarryPotter Posted October 1, 2013 Share Posted October 1, 2013 I think that it is a personal choice and also depends on what time you have at your disposal to do forex trading. Of course when you do it everyday you are better positioned to gain more since you spend more time trading and with that come experience. Quote Link to comment Share on other sites More sharing options...
ivan Posted October 1, 2013 Share Posted October 1, 2013 Personally, I do technical and fundamental in four hours basis. Meaning each 4 hours I update my target price. But it does not mean that daily I have a hit. Meaning there are some days that there no successful open position. So that means that day I don't have a traded position but it does not mean I did not to any thing that day. Quote Link to comment Share on other sites More sharing options...
Samar Posted October 2, 2013 Share Posted October 2, 2013 Trading often has the advantage in that you will likely gain experience much faster than someone who trades casually. But a trader does not need to trade regularly in order to secure profits. You always trade depending on whether there are good trades to get into anyway. Quote Link to comment Share on other sites More sharing options...
sakai Posted October 2, 2013 Share Posted October 2, 2013 For sure, there's still exception as we can't really make daily trading since we can say that we can be scalper well, even scalper need to have chances to have a good opportunity in a trade not always to trade but if not then we might lose chances of profits as well as wasted our time to monitor the market for a good trade. Quote Link to comment Share on other sites More sharing options...
StevenBendre Posted October 2, 2013 Share Posted October 2, 2013 Well, about me, I think that if a trader trade all day long that the possibility for him to loss is greater than that of gain or profit because staying too much on a trade do result in loss and can be seen as overtrading. Quote Link to comment Share on other sites More sharing options...
StillAlive Posted October 8, 2013 Share Posted October 8, 2013 It does not matter if you are going to trade daily as it will not going to give you losses because you just trade daily. We have here scalpers wherein they usually trade daily since they only have here few pips as target profit and will be done in just a matter of time. It's just rumor that you will going to lose if you trade daily. Quote Link to comment Share on other sites More sharing options...
HarryPotter Posted October 8, 2013 Share Posted October 8, 2013 About my opinion, I prefer to combine long term trading and short term trading for different pairs. And to trade everyday I think depend on the person, some of them don't like to log in into their account everyday and trying to do some trading. Quote Link to comment Share on other sites More sharing options...
ivan Posted October 8, 2013 Share Posted October 8, 2013 I wouldn't want to trade everyday. I heard people saying that focusing on Forex too much everyday can actually affect the final result. One person was so focused that he was thinking too much about it and so got confused. This would cloud your judgment and probably you will lose money. Quote Link to comment Share on other sites More sharing options...
euro Posted October 8, 2013 Share Posted October 8, 2013 I wouldn't want to trade everyday. I heard people saying that focusing on Forex too much everyday can actually affect the final result. One person was so focused that he was thinking too much about it and so got confused. This would cloud your judgment and probably you will lose money. Its mind boggling sometimes. You should not confuse yourself or agitate yourself with forex since you need good trade and not impulsive trades. However, I feel like those who trade daily become intoxicated with forex and they do get confused and impulsive and then become gambler like too. So I prefer to only open good long term trades and wait for profit while I do other things. Quote Link to comment Share on other sites More sharing options...
gaban Posted October 9, 2013 Share Posted October 9, 2013 I do not think like that. I trade forex every day. With trading every day so we can improve our skills about trading. As we know, forex is a very risky business. The risk is always there every day. To minimize the risk, we have to practice and learn. Quote Link to comment Share on other sites More sharing options...
Samar Posted October 9, 2013 Share Posted October 9, 2013 Actually you do not need to trade every day. However, like the poster above says, trading every day does not necessarily mean opening and closing deals on a daily basis. Analysis and observing the market is a large part of trading in forex. Even considering that, you do not need to trade every day. Quote Link to comment Share on other sites More sharing options...
StevenBendre Posted October 9, 2013 Share Posted October 9, 2013 It depends on the results we want and strategies that we have, if we want to get the great benefits we wish to trade on a daily basis and of course we must have a strong concentration to trade daily because we will analyze market movements at any time and we also have to have a good physical condition because honestly if we do trade on a daily basis will make it being tired. Quote Link to comment Share on other sites More sharing options...
sakai Posted October 9, 2013 Share Posted October 9, 2013 Trading daily does not mean that you open and close position daily also. Trading daily means you are doing analysis daily and if you think your position still going to earn more money then why close it today, right. That's why having an open position and holding it does not mean you don't trade daily. Quote Link to comment Share on other sites More sharing options...
StillAlive Posted October 12, 2013 Share Posted October 12, 2013 If we use every day trading should not be unmindful of the price action that occurs because if we just take a decision without looking at the price action that occurs not profit we get instead we will experience losses, and therefore if we want to use every day trading should really keen to see the opportunity of the price action. Quote Link to comment Share on other sites More sharing options...
HarryPotter Posted October 12, 2013 Share Posted October 12, 2013 To trade on daily basis is not a must in forex there are a few of those traders who trade on weekly, monthly or even yearly basis. The good thing about this market is that our position never expires and we can allow our position to run for as much time as we want. However, the only condition can cause our positions to get automatically closed is when there is no funds in our account to trade. Quote Link to comment Share on other sites More sharing options...
ivan Posted October 12, 2013 Share Posted October 12, 2013 With each day's trading traders can take advantage better than having to trade weekly, monthly or yearly, and also to trade every day we can do a trade with a number of capital very minimal and very different if we do weekly or monthly trade must have enough capital to get a good profit as well. Quote Link to comment Share on other sites More sharing options...
euro Posted October 13, 2013 Share Posted October 13, 2013 Why not? If you make money everyday then every trade every day is a chance to get wealthy. I would lose to trade every day but time does not permit me to trade daily. I think you trade as much as you need to and as long as you make money there should be no limitation but if you lose daily then cut back on impulsive trades. Quote Link to comment Share on other sites More sharing options...
savehouse Posted October 13, 2013 Share Posted October 13, 2013 Its mind boggling sometimes. You should not confuse yourself or agitate yourself with forex since you need good trade and not impulsive trades. However, I feel like those who trade daily become intoxicated with forex and they do get confused and impulsive and then become gambler like too. So I prefer to only open good long term trades and wait for profit while I do other things. yeah,you are right when a trader is trading daily he/she stand a chance to get confused on the market because i had same experience when i was new to the market,i though trading needed to be done daily and i got confuse with mine analysis and trading,though we might monitor our trading daily but we need to have a time structure as well,so that we dont get confused,i like to check mine trading every 4 hours to give the market time to breath. Quote Link to comment Share on other sites More sharing options...
StevenBendre Posted October 14, 2013 Share Posted October 14, 2013 I think that if we can see the opportunities that exist in trade every day of course it will be profitable for us and did a lot of traders to trade every day so looking forward to a great benefit because although opportunities exist in the trade are not too big but we can take advantage of these opportunities to make a pretty good profit. Quote Link to comment Share on other sites More sharing options...
StillAlive Posted October 17, 2013 Share Posted October 17, 2013 I think that it is a personal choice and also depends on what time you have at your disposal to do forex trading. Of course when you do it everyday you are better positioned to gain more since you spend more time trading and with that come experience. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.