Automated Trading Profit > How to Develop a Profitable Day Trading Strategy
[SIMPLYGRAY] Smaller timeframes mean smaller profits, but usually smaller risk, too. When you are starting with a small trading account, then you might want to select a small timeframe to make sure that you are not overtrading your account.
Some related posts from Technorati and Google.
[Forex Currency Exchange] Forex rules to follow: The shorter the trading timeframe you take, the more of your profits will be taken in trading expenses. In addition, it is more difficult to trade short term positions because trends may change very quickly, and you will need to watch the market constantly
[Forex Strategy Talk] The Secret of Building a Highly Profitable Trading Account: The example of Jane assumes that she never increases the number of lots she trades or adds on to a winning trade as her account grows. If she is trading with 1% of her account at the beginning of a trade and then adds on to the trade as it goes in her direction, when she gets add on signals then she will multiply 3 - 5 times the profit on her account on a good trade.
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