Please take a look around, and feel free to .
In forex trading we are dealing with strategy and not how long each trade can last. I have lots of open position right now and some got TP in matter of few hours but most take days, weeks and even months to get TP. So its useless to limit yourself to 2 to 4 hours only. Unless you are doing scalping.
My advice is don't trade a strategy that you fully not understand yet. All strategy are risky if we don't know how its works and just assume that we know how it works. Sometimes many newbies and feel know it all traders just going to read the few sentences about a particular strategy and they think they know every thing and they started to use it in real account and when they incur loses they will shout to the world that particular strategy is no good.It is just risky to use naked trading. But I guess when you have lots of experience that you would get better at it and you would tend to know when it is good to use naked trading. But I don't think it is very useful every time. For me it's not useful yet.
My advice is don't trade a strategy that you fully not understand yet. All strategy are risky if we don't know how its works and just assume that we know how it works. Sometimes many newbies and feel know it all traders just going to read the few sentences about a particular strategy and they think they know every thing and they started to use it in real account and when they incur loses they will shout to the world that particular strategy is no good.
Also be careful if you are doing research. Make sure that the site you are reading is not a personal blog. Because sometimes theirs a forex personal blog that is open by some home base blogger who actually don't have trading experience and sometimes they also make some wrong interpretation. That's why its best always to check and counter check. Also its good if we trade a strategy that we want to learn in demo account as we can observe and if theirs some question arises we can do some deep research until we fully understand how that particular strategy works.yeah sometimes i just assume that i know enough already and try to use that strategy but in the end i would lose because i didn't fully grasp how to use that strategy. i may have understood something but i may have missed a lot or few things that affected my trading. so i am trying to relearn things for now.
Also be careful if you are doing research. Make sure that the site you are reading is not a personal blog. Because sometimes theirs a forex personal blog that is open by some home base blogger who actually don't have trading experience and sometimes they also make some wrong interpretation. That's why its best always to check and counter check. Also its good if we trade a strategy that we want to learn in demo account as we can observe and if theirs some question arises we can do some deep research until we fully understand how that particular strategy works.