TenPercenter
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What Timeframes are better?
Why would it be more advantageous to trade the longer timeframes (like the 4hr) as opposed to the one minute? It is my understanding that if starting with a small account it is easier to keep from losing your account on the one minute because the moves seem to be smaller. Is this correct?
I am new to forex. I understand the concept of scalping, would this be the only time to use the shorter timeframes? From a technical analysis standpoint, I have read that it is better to look at the longer timeframes because they involve more market participants (buyer/sellers) and therefore the patterns or reversals are more reliable. Is this true?
An aside, how reliable is demo trading as to the real moves of the market? What I mean is that I have heard that the moves are inflated so the trader feels more successful that he would be in real trading. It is my understanding that the only real benefit to demo trading is in getting used to a trading desk or interface and the process of getting in or out. Some help please?
The Forex Peace Army is a great web resource!
Thank you
Ten Percenter
Why would it be more advantageous to trade the longer timeframes (like the 4hr) as opposed to the one minute? It is my understanding that if starting with a small account it is easier to keep from losing your account on the one minute because the moves seem to be smaller. Is this correct?
I am new to forex. I understand the concept of scalping, would this be the only time to use the shorter timeframes? From a technical analysis standpoint, I have read that it is better to look at the longer timeframes because they involve more market participants (buyer/sellers) and therefore the patterns or reversals are more reliable. Is this true?
An aside, how reliable is demo trading as to the real moves of the market? What I mean is that I have heard that the moves are inflated so the trader feels more successful that he would be in real trading. It is my understanding that the only real benefit to demo trading is in getting used to a trading desk or interface and the process of getting in or out. Some help please?
The Forex Peace Army is a great web resource!
Thank you
Ten Percenter