I've been trying to figure out a way to trade forex over a week to month time frame. Some trades come out spectacular... and the losses are just as huge.
I'm coming to the conclusion that forex is geared for day trading. At least for the small investor. The only way that I see long term trades working is with carry trades. And that does not look like it is for the small player.
I'm not sure if it is my ongoing headaches that are making it hard for me to see how to work forex, but at this point I'm going to stop following it and go back to watching/trading ETFs.
Considering that there are monetary, gold, and silver ETFs now I think I should be good.
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