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robertvo · 11-05-2004, 12:15

I finished reading 3 books on technical stock analysis. I am interested in short term trading (like swing trading) but not day trading. I can afford to spend about 30-60 minutes a day to analyze the market and enter orders. (I’d like to hold my positions in the range of 2 days to 2 weeks) Recently I came across Forex and was wondering if all the knowledge I learned from the books for stocks would apply. I see you’re using the same indicators and patterns. The only difference is that Forex doesn’t have volume, which plays important role in stock trading.
I kind of like Forex because you don’t pay hefty commissions and you can start very small.

My question is:
Is it realistic to make profits by spotting short term trends in Forex?
Or the only option is to sit in front of your PC and hunt pips all day long?

11-05-2004, 12:15	#1
robertvo level 3 Join Date: May 2004 Posts: 154 Downloads: 0 Uploads: 0 Rep Power: 0	Short Term Trading I finished reading 3 books on technical stock analysis. I am interested in short term trading (like swing trading) but not day trading. I can afford to spend about 30-60 minutes a day to analyze the market and enter orders. (I’d like to hold my positions in the range of 2 days to 2 weeks) Recently I came across Forex and was wondering if all the knowledge I learned from the books for stocks would apply. I see you’re using the same indicators and patterns. The only difference is that Forex doesn’t have volume, which plays important role in stock trading. I kind of like Forex because you don’t pay hefty commissions and you can start very small. My question is: Is it realistic to make profits by spotting short term trends in Forex? Or the only option is to sit in front of your PC and hunt pips all day long?