There are many forex trading strategy and systems you can see promoted or for sale online - but which are the best? Let's find out... The answer is any forex day trading strategy you try won't work because day trading and scalping by its very nature is doomed to failure - Why? It's simple really if you think about it. You have to decide in a matter of hours or minutes, what a vast diverse group of traders are going to do and this group is countless millions. Chaos in the Short Term They all have different aims, educational levels, some are hedging some speculating, there are long term trend followers, swing traders and day traders and many are governed by their emotions, with greed and fear to the fore, so how on earth can you predict what they will do in short time spans? You can't! All short term volatility is random and you have no way of getting the odds on your side and you will lose. What About the Profitable Track Records You See From Vendors? You may see track records of profits but they are not quite what they seem.
Hunt around for the disclaimer on any of the forex day trading strategies you see sold online and you will see the worlds "hypothetical", "simulated" and "back tested" written in the small print. This means done on paper, not in real time! So these track records count for nothing, there simply made up. Can You Make Money with any Short Term Trading? Yes you can and rather than think forex day trading strategies think - forex swing trading strategies. Swing trading looks at longer time frames, normally a few days to a week and here you can get the odds on your side and that means you can win.
It's still short term trading- but the data is valid and you can calculate the odds which is impossible in day trading. If you like the idea of trading short term this is the way to go. You can put together a robust swing trading strategy quickly and be making big profits in less than 30 minutes per day. So don't believe the hype about forex day trading strategies, go for a short term trading strategy that works forex swing trading. You can avoid an inevitable loss and get on the road to currency trading success.
[About ForexGen]
ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.
ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.
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