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    Thread: Interlock's trading journal

    1. #1671
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      I prefer trading with the long time frame,that does not mean that those using the shorter time frame do not make it here
      It is true that with long term trading we can make more money with less risk than other traders. long term strategies are always safe and secure for traders. in other hand it is true that if we want to make money quickly then we need to trade for short term or use scalping strategy but this strategy is very risky. if we failed in analysis or in money management then we may face big loss in few minutes instead to make big profit.
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    4. #1672
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      Quote Originally Posted by Mian Naseer View Post
      It is true that with long term trading we can make more money with less risk than other traders. long term strategies are always safe and secure for traders. in other hand it is true that if we want to make money quickly then we need to trade for short term or use scalping strategy but this strategy is very risky. if we failed in analysis or in money management then we may face big loss in few minutes instead to make big profit.
      Well and I think trading always risk but if we hard work, achieve good skills, get proper knowledge about world economy, proper analysis, follow good money management, follow risk management, control emotions, avoid over trading and discipline before open position in Forex market then we may success other wise we face loss that's true. In Forex business simple mistake can bring big loss and margin call too. So we should first learn then start trading in Forex market. Thank you.


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    6. #1673
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      Quote Originally Posted by loveyo View Post
      Well and I think trading always risk but if we hard work, achieve good skills, get proper knowledge about world economy, proper analysis, follow good money management, follow risk management, control emotions, avoid over trading and discipline before open position in Forex market then we may success other wise we face loss that's true. In Forex business simple mistake can bring big loss and margin call too. So we should first learn then start trading in Forex market. Thank you.
      Long term trading is highly profitable as it can bring huge profit with a single trade and less risk. As a long term trader one has to be very patient in the market and very strategic, have the skills to spot a long move and the direction it's heading to because bit would be such a time wasted if a long term trade couldn't produced good profit and this is the reason I still find short term trading or swing trading very useful because little time is wasted if you don't profit and also when you accumulate the little profit taken everyday by the end of the month it would be huge like that of a long term trader.


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    8. #1674
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      Quote Originally Posted by loveyo View Post
      Well and I think trading always risk but if we hard work, achieve good skills, get proper knowledge about world economy, proper analysis, follow good money management, follow risk management, control emotions, avoid over trading and discipline before open position in Forex market then we may success other wise we face loss that's true. In Forex business simple mistake can bring big loss and margin call too. So we should first learn then start trading in Forex market. Thank you.
      You are so right, trading is risky, we should know that for the business. And we have to be sure that we are a trader that is good with what we are doing as far as the forex business is concerned. When we are not good with trading, we might think we know it, but it will just be a punishment to us always. Forex traders tat are certain of the success they can active will know how to trade, they will avoid emotion and anxieties, and they will use proper money and risk management even when they are very disciplined with their trading.


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    10. #1675
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      Quote Originally Posted by Oriakhiebillz View Post
      Long term trading is highly profitable as it can bring huge profit with a single trade and less risk. As a long term trader one has to be very patient in the market and very strategic, have the skills to spot a long move and the direction it's heading to because bit would be such a time wasted if a long term trade couldn't produced good profit and this is the reason I still find short term trading or swing trading very useful because little time is wasted if you don't profit and also when you accumulate the little profit taken everyday by the end of the month it would be huge like that of a long term trader.
      Yes long term will be profitable but it need patience and our trade will close in weeks or months, short term traders who have small amount will not wait long term they will go with scalping use small lots against the trend and in the end of month we will achieved a good profit.[COLOR="Silver"]


    11. The following 9 users say Thank You to Honey Bee for this useful post.

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    12. #1676
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      Quote Originally Posted by Honey Bee View Post
      Yes long term will be profitable but it need patience and our trade will close in weeks or months, short term traders who have small amount will not wait long term they will go with scalping use small lots against the trend and in the end of month we will achieved a good profit.[COLOR="Silver"]
      The stop loss required in long term trading is much higher than that required for intraday trading. Also, the trading capital required is much larger, regardless of the lot size. All these are in addition to the fact that great patience is a constant requirement to succeed with long term trading.
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    14. #1677
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      Well i will understand if a long term trader does not use the stop loss because sometimes the gap is so wide that there will be no need to place it there, but sometimes it is necessary just to fulfill all righteousness, i am a day trader and don't have need for a large stop, our trading style is basically what determines this fact.


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    16. #1678
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      Quote Originally Posted by Timon View Post
      Well i will understand if a long term trader does not use the stop loss because sometimes the gap is so wide that there will be no need to place it there, but sometimes it is necessary just to fulfill all righteousness, i am a day trader and don't have need for a large stop, our trading style is basically what determines this fact.
      It's depends upon whether you are a swing trader or day trader and also depends whether you like trading with SL or without SL. I have started my forex journey with swing trading and also using SL whether i am using some higher SL like 50 pips but i am easy with same.


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    18. #1679
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      Quote Originally Posted by Timon View Post
      Well i will understand if a long term trader does not use the stop loss because sometimes the gap is so wide that there will be no need to place it there, but sometimes it is necessary just to fulfill all righteousness, i am a day trader and don't have need for a large stop, our trading style is basically what determines this fact.
      I see without using stop loss will never bring good things for us. Most of the time i loss big amount of capital. Because that time i was not use stop loss. I always thought market will come back in my entry position. But i was wrong. But i understood who can make good analysis with long term chart then he can do this business without stop loss. We already see here who are not using stop loss and i see they always make successful profit.


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    20. #1680
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      Quote Originally Posted by Mian Naseer View Post
      It is true that with long term trading we can make more money with less risk than other traders. long term strategies are always safe and secure for traders. in other hand it is true that if we want to make money quickly then we need to trade for short term or use scalping strategy but this strategy is very risky. if we failed in analysis or in money management then we may face big loss in few minutes instead to make big profit.
      I don't see how long term trading is less risky than other styles of trading. Whether long term or short term, trading is risky.. The thing is that depends on how you decide to engage, whether aggressively or conservatively ,that is what will determine whether you are taking on more risks or not. Imagine as a long term trader, having a negative trade for up to months, or do you mean that long term traders don't also have bad trades.?


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