Are we just plain scared to trade the lower time frames in forex trading?
Are we just plain scared to trade the lower time frames in forex trading?
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Are we just plain scared?
Here’s the fact:
Most of the full time forex traders out that trade the HIGHER Time Frame.
Not the 1min, the 5 min, the 15min or the 30min.
Most people have the misconceptions that to be successful in forex, the trader must trade the lower time frame.
Hell NO!
In fact its the newbies that trade the lower time frame and the professionals that trade the higher time frame! lol..
New guys who enter the forex market thinking that they could make a killing in it within minutes. But to realise that it is not as easy as it seems yea?!
Like every pair, the lower the time frame, the higher the volatility.
Now with that kind of volatility, it really takes years of experience to do those shit.
If one started off with the 5 min chart, i can’t tell you how many times will his/her account blow before they even realised what hit them.
Start off with the higher time frame Eg. the daily chart. Which has way lower volatility than the 5 min chart.
If one cannot even conquer the daily chart, what makes them think they can conquer the 5 min chart?
And now for those who had mastered the daily chart, the pips are good, the lifestyle is good as little screen time is needed.
Do you think they will crack their brain cells to go down the 5 min time frame?
Forex Trading is like a GAME.
Higher time frame = Easy Mode
Lower the time frame = Difficulty level increases.
But here’s the catch, there’s no reward for playing the Difficult mode compared to the Easy mode.
The profits you get will NOT be higher. But your white hair will grow faster due to the high speed stress and reaction involved in the lower time frame.
So Now Its your choice to choose the Difficulty level in playing the Forex Game…
Talk soon,
Ezekiel Chew
[URL="http://www.asiaforexmentor.com"]Asia's #1 Forex Mentor[/URL]
A complete professional forex trading system that even newbies can apply instantly. Asia Forex Mentor's forex course is now FREE!
Thats right. Usually lower timeframe is considered as "easy mode" . Maybe bcoz newbies think that there is a higher chance of favorable price movement in lower time frame.
hi, I think you are correct, I'm long term investor, and I see the market maybe one hour at day, but how you say, long term invest is for professionals... and deep economic knowledgement...
It is a bit confusing coz long time frame trading requires professional skills. But I have to agree that scalping is riskier than day trading or swing trading. Moreover swing trading is much better for learning forex strategies.
I think I agree with this article![[aww]](/themes/default/images/smiles/aww.png)
Stick to your rules
We feel scared when we place the order because this is forex trading each order is risky and you don't know what gonna happen next and its better to trade more carefully and with discipline.
Usually newbies try to trade in shorter timeframes. Maybe they cannot wait for hours and fear to loose bigger portion of capital. That is why their trading style is scalping. There is no strategy most of the times and just some brainless Price action is used to predict the market.
The good or ill of a man lies within his own will. – Epictetus
To trade in higher timeframe, you must trade with lower leverage to lower risk. Usually newbies trade with high leverage. So it is not possible for them to trade on higher timeframes. They need to change their trading style first which means a little training before starting trading.
I think beginners should start with lower pips trading. They usually start with lower investment and thus longerm trading is not feasible. They can trade on lower timeframe using tight SL.
Originally posted by JogiI think beginners should start with lower pips trading. They usually start with lower investment and thus longerm trading is not feasible. They can trade on lower timeframe using tight SL.
Newbies can do longterm trading by using micro lots or by practicing on demo accounts. The problem arises when they start overtrading using high leverage.
Stick to your rules