Ok here’s my total newb question regarding different time frames (1M, 5M, 15M, 30M, 1H, 1D, etc).
Why is it that when I am analyzing the data that I get different readings using my so called system? I work better off of the 1M chart compared to the 5M, 15M or even 30M time frames.
If I’m missing something please explain. Again, I’m a total newb that is seeing some success using a demo. Still testing and learning.
uh…yea…so keep testing, you’ll answer your own question in due time…
Wasn’t the answer I was expecting, but thanks.
BTW I won’t go live for at least 2 months.
One good thing though…I’m not testing and learning with some inflated account, I’m testing and learning with a $5000 account since I plan on opening my account with $5000 to $10,000.
best advice i can give you is this. DONT PUT ALL OF YOUR MONEY INTO YOUR ACCOUNT AT ONCE.
If you want to open a 5k account… split that in half and keep 2.5k in your bank account. That way when you lose your original 2.5k in your trading account (and you will) you can refund your account.
Better yet, be reasonable and open up your first account with 500 bucks and just keep doubling it. If your are truly good enough to go live and do this for a living, it won’t be a problem.
If not - then you’ve got no business putting your money on the line to begin with.
I’m not saying to be an asshole, i’m trying to help you forgoe the mistakes i have personally made. Trust me on this.
Thank you for the advice.
I have alot more learning before I go live. In fact I don’t plane on going live for at least 2 months and then only if I can continously have successful trades.
I’m not doing forex because I’m trying to pay the bills 
I have other businesses that cover my day to day and investments.
BTW way just found out the main differences between them. To simple. Easy to over complicate it though.