Currency Forex Trader Trading - 3 Solid Reasons Why Forex Trader Should Avoid Intraday Trading

Nov. 6, 2010 - PRLog -- Currency Forex Trader Trading

  1. With the market open 24 hours there is seldom any consistency in price action using smaller time frames. The market might be volatile during London hours, flat during New York and choppy during Tokyo. And not everyone will be able to trade all 3 of these times. So just "hoping" the price action will be as required in your part of the world...is not worth the risk.

  2. The Forex market is driven heavily on economic data to produce trends, ranges etc... So it seems as though currency pairs are either reacting to an announcement or waiting for one happen. This explains the tight ranges then the explosive moves. The ranges are often so tight they don't really provide the opportunity we are looking for. And the explosive moves are so violent that it's tough to get filled without a great deal of slippage. Get your Currency Forex Trader Trading @ http://funeasyforex2.blogspot.com/?tid=prlog061110 and be Successful forever!

  3. The majority of Forex brokers make money off of the spread (difference between the bid and ask). So naturally they want traders to make as many trades as possible throughout the day so they can capture this risk-free profit. Ever wonder why they don't charge a commission...cause they are making more by capturing the spread from every trade a trader makes. We are not able to capture this spread so we feel there is less risk looking for fewer trades and larger profit targets.

Hence it is highly suggested to focus more on long term Forex Trading as price pattern is often formed in longer time frame. Get your Currency Forex Trader Trading @ http://funeasyforex2.blogspot.com/?tid=prlog061110 and be Successful forever!

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