Trading Timeframes
Long Term
Long term traders will work from end of day data and look to hold trades for a few weeks up to many months. Usually trend trading.
Advantages
No need to watch the markets intraday.
Fewer transactions means lower commission costs.
Cost of equipment and data is minimal.
Disadvantages
Large equity swings on single positions with large stops.
Usually only 1 or 2 exceptional trades a year so patience is essential.
Bigger capitalization required to ride longer term swings.
Frequent losing months.
Short Term
Working from intraday data and looking to hold for a day up to a week. Usually swing trading.
Advantages
More opportunities for trades.
Less chance of losing months.
Less reliance on one or two trades a year to make money.
Disadvantages
Transaction costs will be higher.
Intraday data adds to costs.
Overnight risk becomes a factor.
Day Trading
Working from intraday data the day trader will attempt to take small profits from intraday swings. All positions will be exited at the market close.
Advantages
Many trading opportunities in a day.
Much lower chance of losing months.
No overnight risk.
Reduced margin requirements due to no overnight risk.
Disadvantages
Transaction costs will be high.
Psychologically more difficult due to frequency of trading.
Profits are limited by needing to exit at the end of the day.
Data costs are high as real time data is essential.
Tim Wreford runs Online Futures Trading, a website that provides information and resources for traders. Tim also provides a free day trading system, the results of which are updated daily on the site.
Latest News
 Maktoob | Asian currencies lower against dollar Economic Times, India - Yuzo Sakai, currency trading manager at Tokyo Forex and Ueda Harlow, predicted before the Labor Department report that the yen could rise again. ... Gold loses its glitter Yen Rises on Speculation Stock Declines to Crimp Carry Trades Yen rallies as PM Fukuda resigns |
 The Moscow Times | Central Bank Acts to Stem Ruble Slide The Moscow Times, Russia - 08 September 2008The ruble recovered on Friday from a historic trough after the Central Bank said it would not allow the currency's trading band to widen, ... Ruble Rises Against Currency Basket After Central Bank Steps In Russian assets tumble amid worries about ruble Big Summer Sell-Off Hits the Russian Stock Market |
Forex – Currency Trading Absentee Corsavoo.com, France - Such tools include the various type indicators applied against a FOREX chart for the desired currency pair. Depending on your risk tolerance, you may decide ... Profitable Forex Trading Strategies Mini Forex Trading Platforms Forex Signal Service Providers |
Jordan's mufti issues fatwa against electronic currency trading Monsters and Critics.com - ... the trading of currencies on the internet after scores of citizens went bankrupt, suffering big losses in currency trading with foreign markets. ... |
Stay prepared for breakout Business Standard, India - Action in the new currency trading segment suggests that market expectations are in the range of Rs 44.80 to the dollar by the end of the month. ... |
 Washington Post | $A opens higher as risk appetite returns Sydney Morning Herald, Australia - By 0747, it had risen further, trading at $US0.8332/8336. Over the weekend offshore session, the local currency moved between a high of $US0.8278 and a low ... Video: Feds Take Over Mortgage Giants Take a Load Off Fannie: Bailout or Nationalization for the ... FOREX-Dollar edges higher, but retreats from 11-month highs |
Defining the role of currency futures and other derivatives Economic Times, India - India launched exchange-traded currency derivatives the other day and on the first day of trading, the exchange handled $60 million. ... Brisk start for FX futures trading on India’s NSE but scope is ... Best of both worlds |
 KBS | Gov't to Ease Foreign Currency Trading Rules KBS, South Korea - Most forms of personal foreign currency trading under ten-thousand dollars will be permitted starting next year. The Ministry of Strategy and Finance said ... |
Rupee regains strength vs dollar Daily Times, Pakistan - The rupee ended the week’s trading on a positive note and continued to post recovery versus the greenback. The national currency gained 30 paisas during the ... |
 Wall Street Journal Blogs | Currency Trading’s Growing Asian Hub Wall Street Journal Blogs, NY - A decade ago, some government officials in Southeast Asia lambasted currency traders, blaming them for driving down the value of many Asian currencies. ... |
Resources
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Simple Forex Solution.
eBook on Currency Trading.
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Forex Trading Strategy
How to trade Currency pairs
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Global Forex Currency Trading Portal
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