In FX, the mid-term time frame allows for average trades, and you only need to display one.
If you trade
Monitoring multiple monitors, etc.
You might have an image of such a trader,
but in reality what is necessary as a trader is a “simple method”
Even with a complex method, you need to “effectively utilize the complex method,”
yet there are relatively few people who can actually utilize such complexity effectively
Because the market moves simply as a single aggregation of the trader’s expectations
into one thing
Therefore even copy trading of famous traders often acts as a contrarian signal
in many cases
In reality, many traders are mistaken about how price movements actually move
The way it moves is actually simple and straightforward
So rather than multiple monitors,
it is preferable to have something as centralized and converged as possible
As for the mid-term time frame
It sits between day trading and swing trading
In fact, this is effective for extending profits
In reality, what causes traders to lose is not the stop loss but
the size of the profits; losing traders have a small profit range
Instead of aiming for a few pips,
whether it’s USD/JPY, you can aim for 60 to 100 pips
Of course you need to consider volume and such
You can extend profits to that extent
Generally, spending that amount of time to generate profits from the market actually helps you survive
Many traders tend to think in terms of short-term or long-term time frames, but
the overlapping advantage is greatest at the mid-range, the mid-term time frame
In the time frame where the advantages overlap
If you can realize and practice profit extension in real market conditions, you can make money in FX
※ For those who want to keep earning in FX, click here ↓
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