Forex Day Trading: Avoid It
The most popular time frame to deal in in Forex is within a day and traders attempt to scalp little regular profits which build up into a big income over time. Let's study Forex day trading in more detail.
There are millions and millions of traders, all trading using different techniques, different systems and most inclined by their feelings and the challenge of day trading is - to work out what they will do in a period of hours or even minutes - sounds hard doesn't it?
It's not difficult it's unattainable! In days gone by before the internet, the day dealer could succeed and there were an excellent few traders, who had price and news prior to everyone else and could scalp a fast profit but today this benefit has not been available. The internet offers everybody the same price information and reports at the same time and the window of chances for scalpers has gone. A fast research of price instability, makes it evident why day traders lose: All short term instability is random therefore, you cannot key off support and resistance levels, which signifies that you can't trade with the odds on your side and that means losses.
If you wish to win at Forex and still trade immediately, try Forex swing trading which trades overbought or oversold or if your disciplined trader, catch and hold the long term trends.
There are a lot of day trading structures out there on the internet, all promising they earn money but not one of them, offers a real audited track record of earnings. All they have are back tested reproductions or create statements you're supposed to consider with no outside check. If you do discover an audited performance let me know, I have been looking for 20 years and not discovered any one!
Avoid day trading and Forex scalping at all times or you will lose your investment immediately. - 23305
There are millions and millions of traders, all trading using different techniques, different systems and most inclined by their feelings and the challenge of day trading is - to work out what they will do in a period of hours or even minutes - sounds hard doesn't it?
It's not difficult it's unattainable! In days gone by before the internet, the day dealer could succeed and there were an excellent few traders, who had price and news prior to everyone else and could scalp a fast profit but today this benefit has not been available. The internet offers everybody the same price information and reports at the same time and the window of chances for scalpers has gone. A fast research of price instability, makes it evident why day traders lose: All short term instability is random therefore, you cannot key off support and resistance levels, which signifies that you can't trade with the odds on your side and that means losses.
If you wish to win at Forex and still trade immediately, try Forex swing trading which trades overbought or oversold or if your disciplined trader, catch and hold the long term trends.
There are a lot of day trading structures out there on the internet, all promising they earn money but not one of them, offers a real audited track record of earnings. All they have are back tested reproductions or create statements you're supposed to consider with no outside check. If you do discover an audited performance let me know, I have been looking for 20 years and not discovered any one!
Avoid day trading and Forex scalping at all times or you will lose your investment immediately. - 23305
About the Author:
Jason Myers is a professional writer and he writes mostly about forex daytrading news. He's also interested in forex trader guides.
posted by Mr. Forex at
5:48 AM
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