deal, yes, there are more trades on a 15 minute chart, however, there are also more false-signals and there is more random market noise, so you are just going to end up taking more losing trades and stressing yourself out more. This means you must trade the lower timeframes and spend more hours in front of the screen. Do you have a website or know people who may be interested in buying this book (facebook, twitter, etc)? Less stress in your trading as youre not concerned with the short-term price fluctuations. Now, lets get back to my main point that trading lower time frames is decreasing your chances of winning and destroying your trading account. The trading strategies you can use are swing trading or position trading. Income Make X dollars a month Wealth Grow X a year For income: If you make an income from trading, you must find more trading opportunities within a shorter time period (for the law of large number to play out). If you prefer a higher winning rate but smaller gains, then go for swing trading. Daily charts reduce the frequency with which you trade slow and steady wins the race. Now if your analysis is correct, you could enter at the start of a new trend before anyone else.
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Remember, the tortoise won the fabled race because he was slow and consistent, instead of fast and full of emotion like the hare. Forex basics to get you understanding the market, including what pairs to trade and what time of day to trade (whether swing trading or day trading). So, if you view the markets as a binary trading software wikipedia game of chance that you just like to play around with and you think you will make money by getting lucky every now and thenyour trading account will quickly shrink in size. How much time is spent filtering through, wellcrap? How to create your own forex trading strategies. They also view the markets as a reflection of their own ability to control their emotions and actions in an arena of constant temptationmost people cannot do this consistently, and thats why many people are bad at trading.
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