Quote:
Originally Posted by virtecs
almost any trading strategy can't be applied both long and short term. The same movements, ma crossover's, trends, ect can be both seen in short and long term time frames. The only difference is that the longer the time frame the better chance of not being faked out. Also, longer time frames usually mean you need bigger stop losses...which means more start up capital.
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Firstly, I wouldn't believe the part about fewer fake-outs on longer-term charts. My experience is they are basically equally likely.
As for larger stop losses requiring larger capital, I am very disappointed to hear an Oanda trader say something like this. Oanda allows any trade size you want. If you need to employ a wider stop you simply trader smaller.