5 Forex Trading Mistakes to Avoid

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Forex Trading Mistake #5 – Be careful in short-term trading.

Logically, most traders would agree that if you can build strategies and systems that work on the hourly charts, you should be able to build systems
that work on the daily charts, and vice-versa.

The disadvantage of short-term systems, however, is trading costs. Trades are much more sensitive to slippage in the short term, and the more frequently
you trade, the more spreads you absorb into your portfolio. This can quickly eat your trade profits, where a longer-term system requires less transaction
cost.

The big bad world of forex trading becomes a lot less foreboding when you know the right way to play the game.

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