Many new traders creed that negotiate larger timeframes as 1 hour-within 4 hours-daily charts are more efficient, more reliable and easier to do.
Believe that smaller time-frames, such as graphs 15 m 1 m-5 m-is where people lose their shirts.
For some reason, I think trading these schedules are "suicidal" and "crazy" because it is harder, faster and less reliable than the bigger time-frames.
So in essence contest which is one of the two methods is better.
Which one can create larger, more consistent results?
And the truth only answer is that really depends on you and yours * perception * and belief from the markets, which unfortunately affected by all the "trash" on the Internet is about this topic.
So for once and for all you are going to "demystify" this "bad" trading myth!
You need to understand and respond to something very crucial here? trade price or time?
Trading price and trading time are two very different subjects, and most people with both tahese when in reality if you trade prices, then what difference it makes when it is "Structure" in a chart 5 m or daily chart; value is the price right? end of story!
Time is just a human element embedded in financial markets that allows you to "dissect and analyze" value in pieces.
So actually, negotiate precise time-frame "is a complete lie and misunderstanding of the negotiation, because" pure price action trading "is trading P-R-I-C-E, which bears the timeframe displayed on!
Now, let's look at this from a different angle to simplify this even more ...
Suppose for example that we have two very different cars.
On the one hand we have a nice 430 Scuderia Ferrari.
On the other hand, there is a Fiat Panda.
Now let me ask you a simple question:
What is the difference between the two?
Both have 4 wheels. They both have speed and a steering wheel; They both have a good experience to drive safely.So, what is the difference between the two?!
Need more experience to drive car of each other? Hmm ...not really.
Beyond the look and design, the only major difference is that the sizes are radically different extreme engine. both have engines Yes, but one is much stronger and larger than the other.
Even here the irony is that both these cars will take you from A to B, PAROChiS know HOW comfortable to drive properly.
You can see, the markets are exactly the same!
Time frame is a simple "vehicles" that let you go from A to b "speeds" at different.
So long as you know HOW to trade you get from a to b, no problem.
So the big question really ishow FAST do you want to go from a to B in your trading?
I trade the graphs 15 m 1 m-5 m-comfortable and stress free.
I trade in no more than 4 hours per day.
And I also trade in fewer purchases from most my peers, because they also "feel" the fallacy of higher schedules are better and more profitable.
Even at the end of the month, with average 10-15% return on average and I get anywhere from 40%-50%, without composition!
So will you! contrary to popular belief, the longer the time frame, the longer it will take you to determine if your transaction was profitable or not.
I don't know about you, but I prefer to learn in minutes if not seconds if I was wrong because it can move about better distribution within the same day and to regain my costs incurred "even faster.
And the cool part is that it also allows me to compound my income faster, that is, you go from A-B even faster than merchants, who hold professional for "God-knows-how-many-days" just to 3%-5%, in the meantime (and yours if you like) do it overnight, and part-time.
So if you want to learn how to do this just like we do, how to make consistent returns each month regardless of how good or bad the economy is, then I advise you to get rid of your Panda, get our course absolutely free and start using the Ferrari contains.
"Pro retail (David & Nathan) is a group of professional full time traders committed to educate and empower merchants from all social life, regardless of their experience level.
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