Please take a look around, and feel free to .
Totally disagree on this one. If you don't know how to trade then how will you going to check if that PAMM account is good or not? Its really more like gambling if you invest your money in PAMM account. Unless you really know the PAMM account manager I don't suggest it.if a newbie is not very confident to trade he should go with PAMM account, he can view returns and invest in the best he think off.
Long term is risky just like short term. If your position is open longer You will have chance to loss bigger so do to make profit. Everything is uncertain that is why i said like that. That is why i think that long term is not good for newbie, and short term makes them think forex as cheap money.I dont think that long term trading is risky I better take long term trading than short term trading because short term trading is just as if you are gamble in the forex market and its more risky mostly when compared trading in shorter time frame
If you are a newbies then its best we focus on learning how to trade and if we want to experience trading then we need to trade both short term and long term for good purposes. I do know that I can make good income in forex trading right now. But when I was a newbies I spend lot of losing money just to learn how to trade properly.
We must learn how to do analysis, risk and money management and then different type of strategy. In this way we will know how to trade in forex regardless if we going to trade long term or short term. In fact its much better if we trade base on opportunity that will come not base on strategy but base on analysis.Newbie can learn about forex with demo account and i think we should try to find the right strategy for us. I mean, we can try to do long term and short term and we will know which one is suitable for us.
We can us technical or fundamental or even sentimental analysis. its really does not matter if we pick one or use all. What matter is that we know how to use this to make good and accurate analysis. In the long run profit is always good if we understand what we are doing.You need to have a good strategy, which working on technical analysis. Everything else will work by itself.