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Forex is profitable ?
Member Since Aug 27, 2017
875 posts
Jan 29, 2019 at 12:56
Demetriof posted:
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames
No; h1 is not known as the longer time frame; H4 & above are known as longer time frames.
keeping patience.......
Jan 31, 2019 at 12:26
Demetriof posted:
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames
Time Frames up to H1 is a short and medium tf for scalp, day and swing trading. h4 and more is about fundamental, I suppose, but technicals can use it to see the general movements.
The AI is the future.
Feb 01, 2019 at 10:16
Demetriof posted:
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames
Well, H1 is very fine because you can see clearly what did happen in previous sessions. ( American and Asian )
Ranges are very clear and also you can check Daily patterns on H1.
I use smaller timeframe for trigger.
But if you are a new trader, a strongly suggest you to avoid Time frame < M15
There is too much noise and the spread will kill you.
I don't use H4 at all.
Feb 03, 2019 at 08:16
BenTrader posted:Demetriof posted:
Would you say that 1h time frame is too short? I thougt that would be considered a longer time frame. I thought that M15 or M5 were short and 1H and above were generally considered the longer time frames
Well, H1 is very fine because you can see clearly what did happen in previous sessions. ( American and Asian )
Ranges are very clear and also you can check Daily patterns on H1.
I use smaller timeframe for trigger.
But if you are a new trader, a strongly suggest you to avoid Time frame < M15
There is too much noise and the spread will kill you.
I don't use H4 at all.
Agree with your opinion on the lower time frames! Yes, no doubt H1 is a good choice but H4 is the key to the long term traders.
Member Since Aug 05, 2017
289 posts
Feb 03, 2019 at 14:42
Jdimitrov posted:
Why don't you use H4? I also have never used it mainly because it seems like a weird in-between time frame but I have noticed some very reliable trade formations recently on H4
I like H4
Member Since Jan 25, 2010
1288 posts
Feb 05, 2019 at 07:43
95% of traders lose because they don't trade correctly
Member Since Jan 25, 2010
1288 posts
Feb 05, 2019 at 09:52
Where's the video gone??
?t=3810
?t=3810
Member Since Jan 25, 2010
1288 posts
Feb 05, 2019 at 09:52
Joseph Nemeth has a lot to say on this subject.
Feb 07, 2019 at 14:52
Jdimitrov posted:
Why don't you use H4? I also have never used it mainly because it seems like a weird in-between time frame but I have noticed some very reliable trade formations recently on H4
I use H4 mainly for support & resistance analysis.
Member Since Nov 09, 2018
204 posts
Feb 10, 2019 at 07:22
BenTrader posted:
Yep, Traders who lose money don't trade correctly.
Trading is simple when you understand a few basic things.
Nice expression. Could you share your simple basic things?
(This is a rhetorical question)
P.S. "understand" is not "adhere".
#AnthonyWins
Feb 10, 2019 at 07:23
So many new Forex traders try to make money from here without learning. As a result they become loser due to lack of exact trading knowledge. It’s a common thinking. I think by and large lose because they trade with emotions and don’t know how to manage money in Forex.
Feb 11, 2019 at 11:05
We can start Forex in a proper way, if we want to be a professional. Babypips School is the first choice of learning and besides this demo account must which is mainly considered the foremost place to acquire real basic knowledge which is very supportive to kick off a live account in a proper way.
Member Since Feb 10, 2019
52 posts
Feb 12, 2019 at 07:03
If people are consistently doing it then that answers the question surely?
Member Since Jan 23, 2019
9 posts
Feb 12, 2019 at 09:53
What do you mean? Profit?? People are consistently making losses in Forex. Most people cannot make profit. It is difficult to find anyone who make consistent profit at this game
Member Since Jan 11, 2019
140 posts
Feb 13, 2019 at 07:34
Forex is profitable as long as you are using the right strategies to place the trade. You must be completely aware of all the terminologies before placing trades in the live environment. The leverage, spreads should be kept in consideration before placing any trade. The best option to learn about the forex market is to place as much trades as you can on the demo account so that you can become familiar to market conditions, its liquidity, and volatility. Choosing a right broker also plays an important role in forex as the money makers make money when the traders lose, so in order to earn more profit, search for a pure ECN broker with lower spreads.
