There are many people who do trading in the markets for more than a few times in a week or even may times each day. But the thing is that long time forex trade is more gain able than the short term trade. If you are engaged in the short term trading then you would feel the pressure. You must be very quick in your action. At the same time you have to face the revenges of the fortex brokers if you choose the short term business. Moreover there is a chance of the platform to go down temporarily which will wipe out the short-term business but for the person who is in a long term this is not a fact.
That is the reason for giving you the advice to trade in a long term at least in a one or four hour chart. This gives you time to study the entries and outlets and there will be time for you to relax than continuously entering and going out of the market. The forex trade is engaged with the monthly, weekly or daily charts and it is difficult for those persons who are in a full-time permanent job but like to be engaged in forex trade. You could merely stay until the arrival of the right position and then hold the position till it attains the end. This depends on your trading principle.
Take for an example if you are interested to do trade in the monthly based charts then you could select EMA crossover system for entering and going out the trade. Here if you had maid a right call then you could go with handful of profit. It is the same story in the USD/JPY currency joins up. So it is the wrong idea that you must trade throughout the day to make considerable profit.
Nick Baker is a Professional Forex Trader. He HATES Forex software! But today, he's found an exception.. Find out what changed his mind - http://www.MyIvybotReview.com
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