how long do we have to wait for profit
Nov 15, 2012 at 11:42
Vistas 826
4 Replies
Miembro desde Nov 09, 2012
posts 1
Nov 15, 2012 at 11:42
How long do we have to wait for a profit, do we have to use time frame 5, 15, 30 minutes to close for profit in buy and sell. or wait for weeks and month to gain more in trend buy or sell?
forex_trader_29148
Miembro desde Feb 11, 2011
posts 1916
Nov 15, 2012 at 14:52
babypips.com is your answer
Dec 09, 2012 at 10:53
gabriel030456 posted:
How long do we have to wait for a profit, do we have to use time frame 5, 15, 30 minutes to close for profit in buy and sell. or wait for weeks and month to gain more in trend buy or sell?
hi gabriel,
in short, i would suggest you first define your target before entry. this way you would have a better idea where and when to take your profit. I also suggest you learn how to spot your target zone as much as you can from babypips.com
good luck.
Don't allow yesterday's success to lull you into today's complacency, for this is the great foundation of failure.
Dec 10, 2012 at 19:46
gabriel030456 posted:
How long do we have to wait for a profit, do we have to use time frame 5, 15, 30 minutes to close for profit in buy and sell. or wait for weeks and month to gain more in trend buy or sell?
Honestly it all depends on your style trading. I for one am very bias to scalping. I believe it is the most profitable and constant way to earn profit in forex. All thought everything in this world has risk. The reality is the market is scalped by banks in order to influence us to take the positions which we take everyday. I invite you to look at the trade which I closed today of EUR/JPY You can see there I closed the position in less then 15 mins. I simply play the BREAKOUT CANDLE in hopes that within 1 - 3 mins I am able to catch a larger enough surge worth my wild.
Miembro desde Nov 09, 2012
posts 76
Dec 12, 2012 at 10:09
gabriel030456 posted:
How long do we have to wait for a profit, do we have to use time frame 5, 15, 30 minutes to close for profit in buy and sell. or wait for weeks and month to gain more in trend buy or sell?
I don't clearly understand your question.
For getting profitable trading strategy you should work for months. But it's not waiting.
Opening order you should always know what price would be for closing it. Such thing as waiting works badly here))
If you want to end up with a nonaverage net worth, a “learn from someone else” attitude is paramount. Putting your ego aside and admitting that you don’t know it all isn’t easy, but it is the mindset of true winner ----Paul Tudor Jones.
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