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- day trade or swing trade what do u prefer ????
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        day trade or swing trade what do u prefer ????
                    
                        
                            Medlem sedan Dec 28, 2013
                                     
                        
                        
                            160 inlägg
                        
                    
                
            
                    Oct 24, 2014 at 14:55
                                    
                
                    
                            
                                Medlem sedan Dec 28, 2013
                                 
                            
                            
                                160 inlägg
                            
                    
                
            
                        I'm trying to trade M5, H1 and D and occasionally even W. I guess this attempt qualifies me being a swing trader. Trading false breakouts with a trailing stop loss gives the impressions of a day trader. But still, my trading is still forming. Timing seems to be derived from M5 and direction from H1 an D.
                                                                                            
                                                             
    
                            forex_trader_211436                    
                                    
                    
                        
                            Medlem sedan Oct 10, 2014
                                     
                        
                        
                            3 inlägg
                        
                    
                
            
                    
                        
                            Medlem sedan Jun 09, 2014
                                     
                        
                        
                            134 inlägg
                        
                    
                
            
                    Oct 29, 2014 at 11:31
                                    
                
                    
                            
                                Medlem sedan Feb 18, 2014
                                 
                            
                            
                                80 inlägg
                            
                    
                
            
                        I prefer swing trading. Not that I would argue day trading is bad. It's just that my skills and available trading tools are much better suited to be able to make a profit out of swing trades. Some comments seem to imply day trading is more risky. Not sure I have the same opinion. In my book, as long as a trade is open you are at risk. Swing trades are open longer so this is more risky then day trading. I accept this by compensating this with less transaction costs, and higher average profit per trade.
                                                                                            
                                                             
    
                            forex_trader_210809                    
                                    
                    
                        
                            Medlem sedan Oct 06, 2014
                                     
                        
                        
                            40 inlägg
                        
                    
                
            
                    Oct 30, 2014 at 07:59
                                    
                
                    
                            
                                Medlem sedan Oct 06, 2014
                                 
                            
                            
                                40 inlägg
                            
                    
                
            
                        I have been having success this week day trading. Using FXCM Strong/Weak app, I find the most trending currency on the daily time frame and look to day trade within the trend. I use my Delta analysis to confirm possible price movement for the next few days.
                                                                                            
                                                             
    
                            forex_trader_212033                    
                                    
                    
                        
                            Medlem sedan Oct 14, 2014
                                     
                        
                        
                            55 inlägg
                        
                    
                
            
                    Oct 30, 2014 at 08:29
                                    
                
                    
                            
                                Medlem sedan Oct 14, 2014
                                 
                            
                            
                                55 inlägg
                            
                    
                
            
                        @growthera  how many trades do u take per month and whats ur ROI per month ??
                                                                                            
                                                            
                    Oct 30, 2014 at 08:34
                                    
                
                    
                            
                                Medlem sedan Oct 17, 2012
                                 
                            
                            
                                8 inlägg
                            
                    
                
            
                        15M chart trading with trend lines
                                                                                            
                                                            
                    Oct 30, 2014 at 13:18
                                    
                
                    
                            
                                Medlem sedan Feb 18, 2014
                                 
                            
                            
                                80 inlägg
                            
                    
                
            
                        I take about 15 trades/month. I don't measure ROI monthly. The shortest timeframe I use to evaluate my systems is a rolling 3 months. With 15 trades/month there are just not enough trades in 1 month to draw any performance conclusion. I you want to see my statisctics, just click on my profile, as I am sharing my account here on myfxbook.
                                                                                            
                                                             
    
                            forex_trader_204192                    
                                    
                    
                        
                            Medlem sedan Aug 19, 2014
                                     
                        
                        
                            24 inlägg
                        
                    
                
            
                    Oct 31, 2014 at 15:17
                                    
                
                    
                            
                                Medlem sedan Aug 19, 2014
                                 
                            
                            
                                24 inlägg
                            
                    
                
            
                        Day trade is nice, but swing trade for weeks / months IMO is the path to richness. I can hold position for weeks and months. I see many people often hold losses so the equity growth line (yellow line) is below the equity line (red line). But seldom do I see people let the winners run.
I don't mind holding my winners and cut my losers quickly. You can see that in my account's graph.
                                                            I don't mind holding my winners and cut my losers quickly. You can see that in my account's graph.
                    Nov 04, 2014 at 10:45
                                    
                
                    
                            
                                Medlem sedan Feb 18, 2014
                                 
                            
                            
                                80 inlägg
                            
                    
                
            
                        Hendra, about the holding positions for months.. Although I tend to agree on the principle, I don't do it because over time swaps just keep eating too much of the potential profit. Do you have special account conditions where this is not an issue for you? I tried to have a look at your account to understand how you do it, but a part from the graph, everything is hidden so I was not able to learn from that. Any chance sharing the trade history? I understand people don't share their account details, however I don't see the harm in sharing a trading history. Any comment would be appreciated. Oh and... congrats on your performance.  Tks.
                                                                                            
                                                             
    
                            forex_trader_204192                    
                                    
                    
                        
                            Medlem sedan Aug 19, 2014
                                     
                        
                        
                            24 inlägg
                        
                    
                
            
                    Nov 04, 2014 at 11:52
                                    
                
                    
                            
                                Medlem sedan Aug 19, 2014
                                 
                            
                            
                                24 inlägg
                            
                    
                
            growthera posted:
Hendra, about the holding positions for months.. Although I tend to agree on the principle, I don't do it because over time swaps just keep eating too much of the potential profit. Do you have special account conditions where this is not an issue for you? I tried to have a look at your account to understand how you do it, but a part from the graph, everything is hidden so I was not able to learn from that. Any chance sharing the trade history? I understand people don't share their account details, however I don't see the harm in sharing a trading history. Any comment would be appreciated. Oh and... congrats on your performance. Tks.
Hi growthera, my account is interest free. I paid more spread in each trade for the privilege of interest free account. I neither get any positive nor negative carry. Some brokers allow you to do that if you tell them you want interest free account.
 
    
                            forex_trader_204192                    
                                    
                    
                        
                            Medlem sedan Aug 19, 2014
                                     
                        
                        
                            24 inlägg
                        
                    
                
            
                    Nov 05, 2014 at 11:06
                                    
                
                    
                            
                                Medlem sedan Aug 19, 2014
                                 
                            
                            
                                24 inlägg
                            
                    
                
            
                        @xdj3richo: I follow 16 pairs because I use market correlation technique, also important to pick the best pair to trade using strongest to weakest currency analysis. 
Major pairs: EUR/USD, USD/CHF, GBP/USD, AUD/USD, NZD/USD, USD/CAD.
Yen pairs: USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY, NZD/JPY.
Crosses: EUR/GBP, GBP/CHF, EUR/AUD, GBP/AUD, GBP/NZD, AUD/NZD.
Also traded indices and commodities.
                                                            Major pairs: EUR/USD, USD/CHF, GBP/USD, AUD/USD, NZD/USD, USD/CAD.
Yen pairs: USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY, NZD/JPY.
Crosses: EUR/GBP, GBP/CHF, EUR/AUD, GBP/AUD, GBP/NZD, AUD/NZD.
Also traded indices and commodities.
 
        
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