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April 16th, 2007, 05:13 AM
#1
Inactive Member
Hi Friends
Since Forex oscillates on a daily basis, can I position trade currencies? By which I mean, use weekly or monthly charts. I have read that day traders rarely make any gains. Is swing trading the only possibility? My interest is in the GBP/USD currency pair.
Kindly help.
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April 17th, 2007, 05:13 AM
#2
Inactive Member
Trading on longer than intra day time frames are certainly a positive development for most initially struggling intra day, our and minute traders.
Viewing the market strictly through charts however is a more important problem. The problems inherent in technical analysis are totally ignored by most beginners. Learn fundamentals. I found an interesting site www.forexboost.com for support and guidance for beginners.
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