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Day trading currency pairs is not the path to success…

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Dear Mr Covel,

I am a new trader with about one years worth of experience and studying,though I feel I am making very slow progress, sometimes it just gets very confusing. My biggest problem is the fact that while trading I usually have winning trades but then I have losses too and these losses make it feel like I am taking a step forward and two steps backwards, and I cant seem to find the best time frame for me either, I used to trade on M1 charts then someone advised I went to higher time frames so I tried M5 charts now I am experimenting on H1 charts,though I am concentrating on EUR/USD pair currently to avoid confusing myself even further, so I am seeking some sort of guidance. I would really appreciate your insights.

This is a dead end. A sure path to failure.


Read: 1, 2, 3, 4, 5.

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