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.

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

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.

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

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.

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

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.

CAN ANY ONE LET ME KNOW WHICH IS THE BEST FOREX TRADING BROKING HOUSE - GIVING HIGHEST LEVERAGE & TECHNICAL RECOS.

sRINI

Caesar's Palace.

I think that u just need to open a live account.Which means u sold indian Rs and bought USD( if u pay in USD , through a creditCard of an indian bank).Then after few months when the trend reverses just withdraw it.(If infosys stocks rise, u can assume the trens is reversed!) U'll make profit. no need to to any trading. (I am not kidding. iam seriously thinking abt this.Any comments?)