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Long term trade for newbie


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119 replies to this topic

#1
euro

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As a newbie, you might make more steady profit with long term trades. Long term trades are better than short term trade as they carry out less risks and the profit is for sure. You can trade for 8 hours and still make money versus trading for 2 minutes. You can buy low on a late Sunday and then sell it on Monday by 2pm or hold it till Weds or Thurs to sell it for more profit since price spike during the middle of the week. What do  you all think? 


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#2
Decub

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I feel also that long term trading would be quite beneficial to a newbie more. Setting a long term target and working towards achieving it over a longer period of time would most likely favour a new trader than when he sets it on a shorter term that would be discouraged by losses.
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#3
standart

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newbies have lack of knowledge still and require further practice to enabling them to understand the market. they can't apply short term trading which technically, difficult since traders emotions and patient would being tested. advisable indeed if newbies take long term trading which just risking small margin and catch profit by riding the trend. traders not necessary to deal with fast market changes in small time frame.


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#4
Stekin

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It is good that the newbie traders will be able to do long term trading instead of them to be doing short term. They don't have the trading knowledge. So therefore, they need to practice more and more in the demo account. If they are trading, they should not be trading in short term like the scalping because it will not be easy for them to do.
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#5
adil007

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Well I think both types of trading is good, short term as well as long term, in short term I prefer 15m trading time frame and on other hand I also like the h4 time frame as well as these prove more beneficial/profitable, however I think too much long trading could be more risky so I would not advise it.


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#6
surya77

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I self is not suggest longterm trading for newbies, whay we know longterm trading si required big fund and more time, so for newbies with zero experience is not solution.


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#7
standart

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even short term approach will make traders losing all capital if they are have no proper knowledge to conduct effective trading. doesn't require high amount of capital to conduct long term strategy. as far as traders can measuring good entry level, they are not necessary to see position floating loss in long period of time. 


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#8
tray22

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I beleive that newbie trader have to do long term trading because its through long term trading that profit is here short term trading will never bring you anything than loss because i see it as been a game type of market and strategu of trading
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#9
Decub

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@adil, why long term is most preferred for a newbie to short terms is the fact that short term trading seems too hard and more complex to handle than long term. It requires more smartness and ability to cope with the faster movement and quicker decision in short term trading.
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#10
gaban

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depending on the trading strategy that we use. But it would be better if the newbie can trade in the short term. Because of the skills possessed by newbie still lacking. So that with short-term trading is suitable.


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#11
kenawly

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I think that short term trades of less than 1 hr can be very profitable too. If you look at the graphs carefully and move swiftly especially in the early hours, you can Make It wow. My big bro uses this so much and with high leverage. At one point, he spent 3 days to study the graphs and then on the fourth day made 500 dollars in 26 minutes
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#12
standart

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doesn't require to use big lot size to use to implement in long term trading. require to riding the trend also which technically, easier than traders need to deal with fast volatility movement by trade with short term strategy. newbies need to observe the market and to help it out, better if they use long term strategy.


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#13
sharonblay

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I feel long term trading is best for a newbie, it allows him hold position for a longer period of time which kills the chances of taking sharp decision that is inherent in scalping. Scalping on the other hand requires that the trader have a smarter approach to dictate the different sharp movements.


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#14
gaban

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depending on the trading system used by beginners. beginners are free to use the system of long-term or short-term because basically that determines the outcome is our ability to analyze market trading.


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#15
Decub

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Though long term trading is the best for newbies but in most cases, a lot of them are always tempted to trade short term. They see it as a faster means to make money from Forex and if it is so, why not, they just have to play around it and make money. That is basically what leads some of them to stack failure and subsequent loss of their account.
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#16
gaban

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it depends on the strategy of each trader, for beginners who choose to trade the use of short-term scalping. but if not it would be better with a long-term trading. so it all depends on your trading strategy

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#17
sara hafeez

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Long term trading is best for newbies because in long term trade we use small lot size, once we analyse market and then we place pending order after which we wait for market profit time. Newbies has less forex experience that is why long term trading is better for them


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#18
sara hafeez

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Long term trading is best for newbies because in long term trade we use small lot size, once we analyse market and then we place pending order after which we wait for market profit time. Newbies has less forex experience that is why long term trading is better for them


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#19
my name

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Though long term trading is the best for newbie but in most cases, a lot of them are always tempted to trade short term. That is basically what leads some of them to stack failure and subsequent loss of their account.so it all depend on your trading strategy. Newbies has less forex experuence that is way long term treading is better for them.
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#20
arsii619

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what i advice to newbie try not to do long term trading because this requires a really big sl and tp levels. which i think newbie or small capital traders may not bear. although newbie can depend on small profit and small risk in other words short term trading for their starting in forex trading.


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