Rating: Full Star Full Star Full Star Full Star Empty Star
Intraday Trading is gambling
Previous 1 .. 10 11 12 13 14 Next
snapdragon1970

Member Since Sep 12, 2015  1825 posts kieran (snapdragon1970) Dec 29 2017 at 22:02
If slippage/spread/re quotes is effecting your trading its time you where looking for another Broker,or re thinking your strategy.

"Mistakes are the portals of discovery",James Joyce.
SwapTrader

Member Since Dec 25, 2017  19 posts SwapTrader Jan 03 at 07:57
togr posted:
prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.


Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.


Try mixing fundamentals with technicals. Fundamentals to forecast direction, technicals to time entry and exit.

mlawson71

Member Since Dec 11, 2015  1486 posts mlawson71 Jan 03 at 15:38
That is the best approach. Even if you don't do detailed fundamental analysis, it's good to have at least some understanding of it so as not to be caught by surprise by market events.

RSTAR

Member Since Dec 18, 2017  1 posts Christian De Mar (RSTAR) Jan 04 at 08:04
if you have a solid system you can trade 15m charts like i do. Most of off my transaction end in less than 1hr.

togr

Member Since Feb 22, 2011  3806 posts vontogr (togr) Jan 04 at 08:15
SwapTrader posted:
togr posted:
prakash104 posted:
Major drawback in intraday trading is watching 5 or 15 minute or 30 minute charts all day.
This will make you sick and your eyes will be under severe pain.You will need a doctor because now you are addicted to intraday trading.


Well you need to see from another point of view.
Trading is about forecast future. You need to estimate if pair move up or down.
It is like weather forecast. They could do it for today or perhaps tomorrow. For a week or month? It does not work:)
So IMHO trying to forecast future for very close time has better success than for long term.


Try mixing fundamentals with technicals. Fundamentals to forecast direction, technicals to time entry and exit.


How to achieve the right forecast is completely different story.
Not surprisingly it cannot be covered by Fundamentals to forecast direction, technicals to time entry and exit.


I like what I trade, I trade what I like
TribalBoc

Member Since Nov 24, 2017  10 posts TribalBoc Jan 04 at 12:45
Why not?? I thought that is what the big boys do?

Justice1024

Member Since Dec 10, 2017  112 posts Justice1024 Jan 08 at 07:24
TribalBoc posted:
Why not?? I thought that is what the big boys do?


LoL, I guess so!

Please login to comment.
Current Account (YoY) (22 min)
US Dollar clings to daily gains above 95...(4 min ago)
EURUSD 1.15666 GBPUSD 1.31554
USDJPY 110.176 USDCAD 1.33032

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2014 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.