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Originally Posted by RebateFX
Taking small, quick profits while seeming attractive, is not profitable in long run.
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All sound advice but I have to disagree with the above statement.
Not to say RebateFX is wrong, just there's another side to the argument. Forex is primarily driven by fundamentals which are unpredictable, one day the dollar is in the toilet and the next day everyone's buying dollars, all based on sentiment, data, and outlook.
There are some great returns to be had trading intraday using technical analysis, the longer term outlook then becomes unimportant.
Just another opinion to consider is all.