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| Discuss Help for FOREX trading at the Forex within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi Friends Since Forex oscillates on a daily basis, can I position trade currencies? By ... |
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#1
14th April 2007, 01:34 PM
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Help for FOREX trading
Hi Friends
Since Forex oscillates on a daily basis, can I position trade currencies? By which I mean, use weekly or monthly charts. I have read that day traders rarely make any gains. Is swing trading the only possibility? My interest is in the GBP/USD currency pair. Kindly help. 
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#2
14th April 2007, 03:18 PM
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Re: Help for FOREX trading
The answer to your question is yes.
You need to ask yourself a question though do you have the psychology(hope I got the spelling right, haven't slept for a while) for such trades. GBP/USD can be position traded easily provided you have the temprament and analytical skill. Neo 
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#3
16th April 2007, 08:53 AM
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Re: Help for FOREX trading
Trading on longer than intra day time frames are certainly a positive development for most initially struggling intra day, our and minute traders.
Viewing the market strictly through charts however is a more important problem. The problems inherent in technical analysis are totally ignored by most beginners. Learn fundamentals. I found an interesting site www.forexboost.com for support and guidance for beginners.
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#4
24th April 2007, 01:32 AM
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Re: Help for FOREX trading
Quote:
Keegan: I only postion trade. I never even look at anything smaller than the 4 hour chart and mostly use the daily charts. I think brokers make a lot more money from day traders ... I found a course that teaches a cool method that has made me a lot of money. It is unique from anything I had come across before... you can read about it at this site. http://www.forextradingseminar.com Hope this helps Pipp
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#5
24th April 2007, 10:21 PM
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Re: Help for FOREX trading
Quote:
I hold positions for days, sometimes several weeks and would like to get into the habit of holding for months when I see a trend and am already fortunate to be riding it. See my current call on Short EURUSD. If right, I will add progressively to existing position and hold for as long as my internal demons do as they're told.
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#6
3rd May 2007, 01:44 PM
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Re: Help for FOREX trading
forex trading is very lucrative and with 250 usd, u can earn upto 2000 usd in a monthprovided u maintain strict descipline. I can give u training and it will cost u
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#7
4th May 2007, 07:22 PM
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Re: Help for FOREX trading
Quote:
Trade Forex with $250? That's like showing up for a gunfight with a knife. Undercapitalized individuals = guaranteed death! Such fellows are better off spending the money on a good holiday and forgetting about Forex altogether.
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#10
8th May 2007, 07:07 PM
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Re: Help for FOREX trading
Quote:
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