Hi Members Is forex trading for the day or swing trade because there are few longer term trends? 
Question by cecilgamini: Hi Members Is forex trading for the day or swing trade due to the fact there are handful of longer term trends?
I have been studying forex trading with some support from the FORUM members and uncover that currencies (GBP/USD) hold on oscillating in a narrow range. this means yoiu can only swing trade. No posibility of Position trading. Your useful cpmments please
Gaminig
Very best answer:
Answer by Leo Enoch
Can be Each, depending on how you trade.
Yes you definitely can trade on the range. 1 of the way is to incorporate Possibilities into your Forex Trading
What do you feel? Answer below!
Every time frame has a trading strategy. Position Trading just means holding the position for a longer time. You have to look at daily and weekly charts. Even monthly chart just to have a birds eye view. Just remember your stops will have to be wider than for 4 hourlies chart trading.
Check out Peter Bain Strategy from Forex Mentor click : http://www.geocities.com/lcming/ForexForex
It can be both. My advise would be to def be out of the market before a big economic number. If your wrong you will get smoked because they will gap the market, sometimes as much as 120 pips. Anyway if you would like a free demo for forex trading visit our website, http://www.phantomtrading.com
Let me give you a little advice. There is definetely long term trends in Forex. Take a look at the daily and monthly charts. It is important to know the long term trend before you enter into any short term trades. I teach my clients to use Fibonacci studies on the daily charts to identify key support and resistance levels.
Although a currency pair may range for a number of days what you are really looking for is the point at which you can capture a breakout.
The bulk of my client’s use a Forex hedging tactic as part of a long term investment strategy.
Good luck in your ventures.