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Thread: Help for FOREX trading

  1. April 16th, 2007, 05:13 AM #1
    bryant9967
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    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.
  2. April 17th, 2007, 05:13 AM #2
    dawson9b7b
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    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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