If you want to be successful with online currency trading, you have got to start slow. This isn’t what most newbs want to hear. They need to jump in and begin making tons of money tomorrow, or better, today. But this is not how it operates.

This is partially the fault of advertising. It is advertising that trains us to need it all, at this time. It is down to the brokers, robot developers and people who make money from selling forex trading services. They show tasty photos of the wonderful homes, cars and approach to life you can have when you are earning thousands of pounds a day as a top level foreign exchange trader.
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Nobody asserts you have got to only use one method. You can trade in both, short and long-term. What that does is allow you to get fast profits in short term, but also be profit-making in the long term. It is important to balance those systems out. Because the short term method is much riskier, you have got to take that into account. You should mange the danger so that the short term losses don’t wipe out your long term profits. Consider the long run method as your main method and work out how much you can afford to lose in short term.