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Long term trading for newbie will be more profitable


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168 replies to this topic

#1
euro

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I think long term trading for newbie will be more profitable. Its more profitable cause its easier to enter and sell than short term or scalping. Its too much risk for newbie to scalp and they have little control over it sometimes since the price moves too quickly and can turn against them. Its hard for them to make money scalping but they can make profit easily in long term trade. Try entering the market right before market opens and then watch it rise and then sell. This is simple enough right. The price is usually low enough before market opens and by demand it will surely rise during the noon time and then sell by 3pm. 


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#2
Decub

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It is always advisable that newbies trade long term rather than short term. That way, they are having some good advantage to understand the market better than when they are trading short term. The smartness associated with long term trading is quite different from that of long term and it might result to him losing more often than leaving his position for long.
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#3
standart

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well, long term approach safer since it require traders to spend small margin per trade. traders doesn't involve in volatility and less to open positions. technically, traders will open less positions that short term traders. which mean, chance to get loss result would be less too.


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#4
Stekin

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I agree with you. Long term trading will be better for the newbie traders because the chance to lose from the volatility will very small. It is the best type of trading that the newbie traders should start trading with. Long term trading will need that the trader will be patient.
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#5
standart

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the best way to newbies is take learning no matter the approach they will use in trading. however, before decide to become scalper or use other short term approach in trading, better if traders start learning to understand the market with long term strategy. traders should learn how to determine the trend first before modify the approach by take advantage from retrace movement.


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#6
adil007

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I think if a trader has good knowledge of forex trading and his analysis is good he can make profits in both long term and short term trading, we cannot imply that a specific type of trading would be beneficial or profitable for newbies different time frames are liked by different people and we cannot also expect to make profits every time.
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#7
tray22

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No do you consider that in shorter time frame the trader will need nothing rather than to play there like a game ?so its adviceable any newbie trader must follow this step and be sure that he trade in long time frame if want to succeed
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#8
surya77

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Long term trading is required enough experience in forex trading, longterm also need big money so you return also big.  if not you only wish time!  but for newbies may $5000 is enough to going longterm trading. 


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#9
Decub

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Newbies can also try short term trading but that is after they must have gotten some good trading skills and knowledge about Forex. Generally, there are a lot of benefits that come with long term trading and it accords the newbie some better chances of understanding the market better than short term.
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#10
tray22

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I dont think so what I think is that newbie trader must trade lng term trading as it is the best for sure so it is not good for any trader to try to trade in forex without proper knowledge and skills which is really the best.
Long term trading is very profitable and that is really the best for the newbie trader
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#11
Decub

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No doubt about that but we can't still deny the fact that a newbie wouldn't remain a newbie for life. There are such times when he should try life in the other end of the river. Generally, the best form of trading for a newbie is to trade on a longer term so as to take care of a lot of things and understand Forex movement much better. Long term trading remains the best for a newbie.
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#12
gaban

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If we have the skills and knowledge of good trading then we can trade in the long term. Forex is a very high-risk business. we can not guess the market is definitely 100%, therefore, we have to practice and learn trading so our trading skills will increase. so that we can trade in the long  term


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#13
standart

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well, require to point out trend direction to riding the trend. so, technically, easier to implement long term trading. however, it depend on traders understanding regarding with market too. though newbies implement short term trading, but has good understanding about market pattern and movement, basically they can make profit whatever the method they use in trading.


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#14
rexway

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That is what is true long term trading is very good and it is the best for the traders as well so there is nothing to worry about.
Forex is very good but attempting to trade it as short term may be a bit dangerous from what I can learn
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#15
Decub

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Long term trading offers traders especially the newbies a chance to get to know Forex the more. It gives them a better chance to understand the market the more. Trading short term on its own requires a better knowledge of the market and could be seen as something for more experience traders.
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#16
waseemilyas

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dear its our choice if we are new user then use short tern i can not use long tern i can use short tern trade.because i want little profit in forex which is best for me in forex .i can get small profit instead of loss that is best for me in trade.


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#17
waseemilyas

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Prolonged-Long lasting buying and advertising is required ample expertise in forex investing, longterm also will need huge dollars therefore you return also significant.  Otherwise You just want time!  but for newcomers might maybe $5000 is sufficient to heading longterm investing. 


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#18
standart

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at least, long term approach require traders to point out the trend. moreover, default  setting of indicators often work in high time frame. basically, has chance to get profit if newbies trade long term, and use high time frame chart. while if trade short term and use short time frame chart, has chance to loss since they lack experience to measuring fast changes of market.


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#19
Decub

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You are right, analyzing the market from a higher time frame offers more accuracy than on a shorter time frame and it gives a clearer view of the market. However, everyone wants to make quick money and no one wants to leave his position floating. That is basically the reason some newbies go for short term trading.
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#20
budado

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I don't think its only good for newbies but for all of us. Since I trade long term I only get MC twice in two years. Not bad at all. Problem is that this twice I got MC is a multiple MC since I do the same strategy in all of my accounts. But still its much better to get MC just once a year than to get MC many times. The more risk we take the more we end up getting MC. So its better to take less risk.


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