Do not be mistaken that you can only create wealth from short term forex trading and not long term trading. In fact, you can make money from both type of trading style but what I am going to show you are how you can create wealth from short term forex trading strategies like scalping and day trading.
The benefits of short term forex trading strategy are the ability to win you money within a shorter time frame. In addition, you will be spared from the sudden price movement that occurs during news release which is what the long term trades have to withstand.
Because of the short term nature of each trade, the entry and exit position must be well timed and properly executed and this is where most traders lost their money in short term trades.
If you enter a trade too early, there is a high chance that you will be stopped out due to false signal. If you enter a trade too late, the market has moved quite a lot and there is a high chance that it may reverse. Therefore having a good entry is very important for your success in short term trading.
Source : http://www.how-to-trade-currency.com/how-to-create-wealth-from-short-term-forex-trading.html
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