A lot of guys when starting forex are concern on whether do they have to trade intra day. To keep looking at the charts and monitor every minute of the movements.
Well i’m not saying you can’t, however in our group. We trade mainly on the larger timeframes, the weekly, daily, 4 hour and the 1 hour. For beginners, i largely emphasis on trading the higher time frames. Because you need lots of experience to trade the minute charts. And you need to understand the movement of the larger timeframe before you go down to the minute charts.
A lot of new traders when starting forex, trade the 5 minute charts. Soon enough, they got burnt and margin call starts to come. Then they will blow their account and wonder why did that happen.
Even to date, with 14 years of successful trading experience behind me, i trade the larger timeframes and rarely go down to the minute charts. Thats because i like to enjoy a life. and the way i’m trading are also perfect for those that has a full time job.
In our private group, i will show you guys how to trade the forex market with ease with a good win/loss ration of 76% that i am hitting.
Ezekiel
Interesting article about Forex trading! It is important to remember that choosing the right time frame for trading can have a significant impact on a trader’s success. Each trader has his own preferences and trading style, and I agree with the author of the article that using higher time frames may be preferable for beginners.
In this regard, I would like to mention that for some people, especially those who are faced with choosing a career path, turning to career psychics https://asknebula.com/career-psychic and astrologers can be helpful. They can help determine individual abilities and predispositions, which in turn can help in choosing a direction of activity, including Forex trading.
Psychics can help you see potential aspects of your personality that may be related to financial success and suitable types of work. Ultimately, understanding your inner journey can be a useful resource when making career decisions.
Hey Ezekiel,
I believe intraday trading is a great way to make money! When I trade stocks intraday, I am in and out of the market quickly, sometimes within minutes or hours. This allows me to capitalize on short-term price movements and volatility. I only risk a small amount of capital for each trade since I do not hold positions overnight. This minimizes my risk exposure, so even if some trades do not work out, I limit my losses.
I really love the fast pace of intraday trading excites me. I enjoy the challenge of analyzing stocks in real-time and making split-second decisions to enter and exit positions. It keeps my mind sharp and my trading skills honed. The liquidity in the market with my life path 3 careers also makes it easier to get in and out of positions quickly at the price I want. Overall, intraday trading allows me to actively manage my capital, learn valuable lessons with each trade, and potentially generate a decent return on my investment if I can execute my strategy effectively.
So.. that’s it :-) Good luck in 2024!