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You don't fancy Long term... because you have no vision. Trade what you like and suits your trading style.
Yeah, when there is a range, you buy the bottom and sell the top... THEN when the breakout comes out you are left holding a heavy bag. lol Why are you posting a ton of charts which don't support your claim. Why not use your myfxbook accounts. Oh the answer is simple..... BECAUSE LONG TERM doesn't work. lol Your accounts prove that!
They have huge accounts and long term trading is the only way that they can enter a larger position without moving the market. You cannot buy $100m of USDJPY in one go without moving the market, so scalping with big accounts is not possible
MadBadDangerous posted: They have huge accounts and long term trading is the only way that they can enter a larger position without moving the market. You cannot buy $100m of USDJPY in one go without moving the market, so scalping with big accounts is not possible
Scalping with a big account is very much possible. Considering the fact that forex is a decentralized market really increases its level of manipulation. Recall that leverage gives us the chance to take the orders that the big banks take. Clearly, we won't have enough margin to hold on to these positions for massive runs against us, but everyone talks about what the banks are 'doing' as if a bank has EVER revealed what they are buying or selling. Proof is what is needed and is never given, and at the end it conditions us to believe that the market is made to be 'invested in' when clearly this is a scalp based market.
Long term trading is really safe and sounds than short term scalping which brings profit very rapidly. But for depending long term trading first of all you have to make sure sufficient balance. Otherwise it causes a great trouble when trading practically.
MeuLugar posted: Longtime trading is not workable for all of traders! You may know, a number of Forex traders are doing short term trading! It takes, huge investment with enough patience! By the way, I am also comfortable with day trading.
I got your point, but till now a number of pro traders are using long term trading style! So, it’s not worst one!
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