Anyone who has ever tried their hand at forex trading will know just how difficult it is to make money on a consistent basis. It becomes a lot easier when you use a few technical indicators to help you find high probability set-ups, particularly when you focus on the longer term charts such as the 4 hour or daily charts, for instance. However it is significantly more difficult when you try and trade the markets on a short-term basis. So why is this?
Well the main reason is simply because technical analysis does not always work as well on the short-term charts. You only have to spend a few hours watching the 1 minute and 5 minute charts to find this out for yourself.
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