Trading success

Hi

Just wondering, if anyone here knows of anyone famouse traders who trade the forex successful on a shorter time frame technical analysis basis. Eg: 5-15 minute charts?
Is this possible at all?
Has anyone made millions trading the forex this way?
I've read and heard that making money from short term trading the forex is virtually impossible.

Regards
She

Never heard of any myself.

But there is no need to go to the lower TFs other than a desire to fulfill the need for "action" and "excitement" and the fact that if you are good at it, the money comes in faster (but only in the beginning).

Some people will argue that the stops are larger on higher TFs. This is part depends on how good you are in refining your entry but even if you don't refine and need a huge stop, you can just adjust your position size accordingly to reduce your risk to that of a trade based on the 5m TF and the R:R is usually far, far better in my experience.

At the end of the day they say 95% fail in this game. I don't know whether that figure is true anymore or its plain BS but there is no doubt that many more traders fail than succeed. And it is my experience that all these new traders are jumping in trying to make quick money on lower TFs. (The really bad ones go hugely offside, run their losses and then try and justify the trade as a position trade)

Stick to the daily TF and maybe even weekly. It is much easier to make money.

Thanks so much for your response.
I guess in a shorter time frame it just gets too choppy. But l always seem to wonder if this could be exploited to an advantage to the trader??

She