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Posted

If you are trading on short term basis, you will need to work with a trading platform that can provide yu lower transaction costs. As we all know that over the short term trading horizon, a forex trader can enjoy more liquid position but the profit potential can be minimum as a short term trader tries to take advantage of smaller price fluctuations. In that case the trader should forgo higher profit for safe position.

 

Posted

Which broker that you recommendation for a newbie in forex?

JustForex - and not only for newbies. it's a universal Forex broker with a huge variety of trading instruments while conditions allow traders to use any strategy they want to. Earlier this broker added cryptocurrency pairs.  -_-

I see that on Black Friday period justforex offers clients favourable prices on opening Standard or ECN Zero account

  • 3 weeks later...
Posted

What should i prefer to trade?? I am still in trouble to choice my trading style that should i trade for short term basis or long I have many traders relying their trading on short term only 1 to 2 hour, But a professional trader go for long term trading, but what is profitable and reliable ?

  • 4 weeks later...
Posted

I enjoy doing short term trading, but I never like to fix a type, as I feel it’s important to ready to all types, as that’s the ONLY way to be successful. I work with FreshForex, which helps so much due to their low spreads, lightning fast execution without slippage issues. And there is also cash back facility, so all features that are picture perfect when it comes to scalping.

  • 3 weeks later...
Posted

Which broker that you recommendation for a newbie in forex?

It is becoming harder to recommend any brokers these days because almost every day a new broker is formed and another wind up, so better to do some own research before finalising any broker.

Posted

It is becoming harder to recommend any brokers these days because almost every day a new broker is formed and another wind up, so better to do some own research before finalising any broker.

 

A very good suggestion. When it comes to trading, take suggestions from others but ultimate decision should be your and yours alone.

  • 2 weeks later...
Posted

Scalping not recommended option for new traders, better they should choose trading longer time frames in start. For scalpers i guess low or no spreads accounts are recommended however in some cases many brokers claim zero spreads but charges commissions which are too high in my opinion which does not cover transaction costs, so better check the brokers properly before going with them.

  • 3 weeks later...
  • 2 years later...
Posted

Focusing on your trading strategy is what will make you a good short-term or long-term trader. Do as much backtesting as you can. Along with strategies, traders need to manage risk and money well. Psychological factors also play a major role.

Posted
9 hours ago, Upoctin said:

Focusing on your trading strategy is what will make you a good short-term or long-term trader. Do as much backtesting as you can. Along with strategies, traders need to manage risk and money well. Psychological factors also play a major role.

If we are making use of a Trading Strategy that is easy to understand we can start getting the Results.

  • 1 month later...
  • 4 weeks later...
Posted
On 1/17/2022 at 7:17 PM, Vaabum said:

In general, the choice of trading in favor of working for a short period of time is a rather interesting choice for making money.

We will need to make use of such type of a Trading system that is easy for us.

  • 4 weeks later...
Posted
On 3/7/2022 at 5:58 PM, Vaabum said:

Trading for a short period of time can be a really profitable option that can bring in good money.

When we are doing our trading on a short-term basis then we can make more profits.

  • 4 weeks later...
Posted
40 minutes ago, Vaabum said:

Now these options are quite true, as for me. At least working for a short period is quite positive.

We will need to understand the Effects of doing our trades on a short term basis into the markets.

Posted

If you are a beginner, I suggest avoiding trading short term because the risks are higher when compared to long term trading.

Many beginner brokers have also blown their accounts by trading short terms without proper experience and skill.

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