Forex: short or long positions??
Bobi G asked:
Hello everything, therefore I ask myself, why so many humans speculate
in day trade into the foreign exchange market, if you could determine
easily the development of the EUR/USD uSD-und then only some EUR
buy…. according to a few months should you several hundreds blip
profit. In order to be honest, I am new on the foreign exchange
market, and this is one of the few things, which I yet do not
understand, on all… and this is probably one of the most important
parts with all the foreign exchange market.
Question posted courtesy of: Caffeinated Content - Members-Only Content for WordPress
Hello everything, therefore I ask myself, why so many humans speculate
in day trade into the foreign exchange market, if you could determine
easily the development of the EUR/USD uSD-und then only some EUR
buy…. according to a few months should you several hundreds blip
profit. In order to be honest, I am new on the foreign exchange
market, and this is one of the few things, which I yet do not
understand, on all… and this is probably one of the most important
parts with all the foreign exchange market.
Question posted courtesy of: Caffeinated Content - Members-Only Content for WordPress
Comment by javier c
March 13, 2008 @ 8:21 pm
cortocircuito
Comment by Frank Castle
March 16, 2008 @ 1:10 pm
Si puede determinar fácilmente la tendencia del EUR / USD entonces debería trabajar para mí. ¿Van a tomar $ 100000,00 dólares de los EE.UU. por año para empezar? Top 5 respon.
Comment by besthusbandever
March 18, 2008 @ 12:59 am
No negocio el mercado de la divisa, sino que puedo decirle que si
usted es cualquier bueno en ver una tendencia en cualquier clase de
mercado usted pueda hacer que las porciones del dinero…..but
recuerden, él soy muy fácil mirar una carta y ver qué ha sucedido
en el pasado……… pero es muy duro predecir el futuro, que es lo
que está intentando cada uno que está negociando hacer. si usted
piensa es fácil, usted está adentro para una educación rápida en
cómo es difícilmente si fuera fácil cada uno sería rico.
Comment by SketchySam
March 18, 2008 @ 4:49 am
Lo que realmente perjudica a la mayoría de los especuladores es la palanca que utilizan, a fin de la celebración de una posición a largo plazo hace que sea muy arriesgado a menos que su bien financiada.
Comment by Ivar
March 21, 2008 @ 1:52 am
Pienso ciertamente que usted consiguió la idea derecha sin importar
cualquier mercado usted invierte adentro. Creo también que el mejor
que podemos hacer es probar lo más mejor posible para determinarse
qué manera es la tendencia principal y para ir con ella.
Comment by VP
March 23, 2008 @ 5:48 pm
Hi
Actually everything is not as simple as it looks from first view. Yes, everything looks very nice in the historical data but absolutely different is when you have to determinate market movement for next step. Just try it on demo account and you’ll see that it is not so easy.
Yes, you can trade monthly if you have huge trading amount and high risk is comfortable to you.
We all know that EURUSD daily average is about 100-120 pips. Weekly average is 200-400 pips, Monthly average is 400-600 pips. Accordingly stop loss orders should be higher for longer term trades
So every trader chooses trading style that conforms to his/her character, funds and allowed risk.
Furthermore forex is volatile market so every trend is formed from several shorter term trends accordingly those shorter trends are formed with several more shorter term trends and etc. Therefore there are different term traders
Actually day trading is most profitable. Sometimes especially after important fundamental news it moves more than 100 pips in 1-2 hours. So you could earn at least 100 pips on one movement. But if you would choose smart way for entry then is possible increase profit even twice. At least once per week such movement is available.
So day traders need fewer funds to receive higher income with more comfortable stop loss.
As you are newbie I think following books would be useful for you.
Market Wizards by Jack D. Schwager;
Technical Analysis by Jack D. Schwager;
Comprehensive Course on The Wave Principle by A.J. Frost and Robert Prechter;
Candlestick Charting Explained- Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris;
Trading Chaos – Applying Expert Techniques to Maximize Your Profit by Bill M. Williams;
New Trading Dimensions by Bill M. Williams
Trading Chaos II by Bill Williams – Maximize Profits with Proven Technical Techniques by Justin Gregory-Williams and Bill M. Williams
Good luck!
Comment by Robert L
March 27, 2008 @ 3:08 am
My strategy shorting the conditions are right for retracement my short when you could get margin called.