Forex for a trader
Why forex is a bad idea

Why forex is a bad idea. . The Actual Reasons Why Forex Robots are a BAD IDEA! ? ? This is a video about forex robots and why they are a bad idea. In this video, you'll learn a little bit about the actual reasons why forex robots are a bad idea. Forex robots have been surrounded by a ridiculous amount of hype over the last ten years because they promise something that seems to be too good to be true. Forex robots attract many people who want to make money easily in the markets, but unfortunately, that's a vain and shallow promise. It turns out that trading with forex robots is acutally more difficult than trading manually, which is ironic because these programs were originally designed to make like easier, not harder. However, that's just the beginning of the problem. If you want to to understand more about the bad side of forex robots, you are in the right place. This policy describes our current privacy practices for the Oath Search and Assistants brands, websites, features, products, apps, software and other services (“Search Services”). All information that is collected, provided to Oath or stored in your Oath Account will be treated, used and protected in accordance with the Oath Privacy Policy. This information may change as Oath revises these Search Services by adding or removing features or using different service providers. Some features are only available if you are a registered user. Please visit Help if you have questions about these Search Services.

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One of the biggest mistakes that aspiring Forex currency traders make over and over again, that keeps them from reaching their full potential in the market, is interfering with their trades after they enter them. Any trader who has been trading for a long enough period of time is guilty of becoming too involved with their trades and with trading general. Myself included. However, eventually after enough trial and error I figured out that interfering with my trades once they are live and over-analyzing them is almost always the wrong thing to do. I’ve boiled down how I stopped interfering with my trades into three primary points which I will share with you below… Trade ‘interference’ vs. trade ‘intervention’ Interfering with trades once they are live is almost always an emotional reaction to what’s happening in the market. Emotion is the enemy of successful Forex trading, your trades should be pre-planned as much as possible before you enter, which helps you avoid emotion-based trading decisions. Unfortunately, most of the time traders interfere with their trades, it is an emotional activity that leads to inconsistency and reinforcement of bad trading habits. The important thing to figure out, is when to intervene in a trade and when not to. I like to refer to emotional trade-management decisions as ‘ interfering with trades ‘, since interfering is typically used in a negative context, and logical trade-management decisions can be thought of as trade ‘interventions’ . The trick is knowing when to intervene in a trade and when not to. Most traders interfere with their trades, but rarely do they intervene at the right time, as I mentioned above, knowing when to intervene and when not to is the key to successful trade management. Most of the time, I do not intervene with my trades, I just let the market do the ‘work’ by letting the trade play out and either taking the predetermined loss or the predetermined target. However, sometimes, the price dynamics will change dramatically before your target or stop loss gets hit, it’s at these rare times when it makes sense to intervene in your trades. One example of proper trade intervention would be if an obvious price action signal forms against your position from a key support or resistance level, especially if you are already up a nice profit on the trade.

It’s better to take the profit if you’re up somewhere around 1.5 or 2R of a large signal forms that suggest the market may reverse down or up on you initial position. However, it’s worth noting that this is a more advanced trade management tactic and should really only be tried after you have mastered my price action strategies and you have at least a few months of live chart-reading experience under your belt. It’s common for traders to think every little intra-day signal against their position is going to change the trend or set off a big move…this is not the case. In reference to what I just described about trade intervention, you need to be very careful to ONLY intervene on a trade IF there’s a very clear and obvious signal against your position, ideally on the same time frame you entered. You will get better at determining whether or not to intervene on a trade through training, time and experience, there is no ‘short-cut’. In the beginning of your trading career however, you should mostly just sit on your hands after you enter a trade and learn the power of ‘set and forget’ trade management, which we will discuss next… Set and Forget. By using the “set and forget” trade management strategy, traders can learn to “let go” of their trades once they are live, and let the market do the “work”. This strategy removes all temptation to interfere with live trades by accepting before-hand that you are the most logical and objective BEFORE you trade, not during or even after.

So, the advantage that the set and forget forex trading strategy gives to traders is that they can go about their normal lives and let the market do the work, and this helps eliminate emotion-based trading mistakes and interfering with trades after they are live. Once you have truly mastered price action trading, you can learn to enter the market at high probability times and walk away from your computer until your next scheduled trading time. This is the most stress free and effective way to trade Forex with price action, and for people who want to trade with a full-time job, it’s the best way to fit trading in around their busy schedule. Traders often shoot themselves in their foot, so to speak, but interfering with their trades, especially beginning traders. The set and forget trade management technique virtually eliminates this potential, that is assuming of course that the trader actually sets and forgets about their trades…meaning they don’t meddle with them or touch them until the stop loss or take profit has been hit. I suggest that all beginning and struggling traders employ set and forget as their main or ‘default’ trade management technique, as it often can be just the thing you need to get on the track to successful forex trading, or to get back on that track if you’ve fallen off it. Become a ‘master’ You need to master a high-probability trading strategy if you want to avoid interfering and screwing up your trades, for me the most logical trading strategy is price action. I learned to master price action trading to the point where I kn0w what I’m looking for in the market without a doubt. After you truly master an effective trading strategy like price action, it means you know almost instantly whether or not your edge is present. This is the first step to becoming a successful price action trader, and if you actually do this, it will mean that meddling and interfering with your trades after they are live is not a good idea because you have identified your edge and traded it with a preemptive plan when you were the MOST objective and clear-thinking. Messing around with it anymore is only going to lower your over-all probability of success.

Read here about how price action can help cure emotional trading problems. You need to develop confidence and trust in both the method you are trading the market with and your ability to trade it. This is a critical component to knowing when to intervene in your trades and when not to. Far too often, traders start trading with real money before they have mastered their trading strategy, and as a result, after the trade is live they end up over-analyzing it and making silly mistakes like exiting a good trade prematurely or moving stops and targets around when they shouldn’t. If you don’t know EXACTLY how to trade the market with your strategy and what you are looking for, it’s going to be nearly possibly to develop the ability to know when you should intervene in a trade and when you should just walk away from the computer for a while. Fortunately, you can obtain this ability by learning and mastering an effective trading strategy like price action, and taking my price action trading course is the first big step you can take toward developing this ability. Forex scalpers have a tough road to profits. Many forex traders love the idea of quick profits. Scalping seems like a wonderful idea. Who wants to make some money in a few minutes? Well, unfortunately, scalping is a bit difficult for many traders. There are three reasons why scalping is often a bad idea for traders. Scalping is expensive : Traders pay more in transaction costs when scalping. A successful trade on the EURJPY daily chart may net 150 pips. If the spread on the EURJPY is 3 pips, the transaction cost for this daily trade is 2% of the profits. A successful scalp on the EURJPY 5 minute chart may net 15 pips.

Since the spread is 3 pips, the transaction cost for this trade is 20%, a big difference. Simply put, scalping costs forex traders more. Scalpers pay a huge fee on each trade, and over the long run scalpers must be better traders than those traders who trade the longer term charts. Scalping encourages over trading : A scalper can take a trade over the course of a few minutes. A scalper can take many trades over the course of an hour. If a few trades do not work out well, a scalper might be tempted to take revenge trades. Revenge trades are emotional trades meant to recapture lost profits and these trades do not fit within the rules of the trading system. Revenge trades can lead to even more losses for many traders. Scalping is psychologically difficult : Scalpers often have a difficult time watching their account balance bounce up and down. Hundreds, even thousands of dollars can be made and lost over a few seconds. Many scalpers end up taking profits too quickly, and then have a difficult time watching the market move hundreds of pips without them.

So, the next time you consider scalping, remember that you will have to pay more money to scalp, you must be extremely disciplined to stick to your trading system, and you will have to be psychologically strong to withstand the difficulties of scalping. Is Forex a Bad Investment? September 1, 2012 0 Comments. Traders and non-traders alike are afraid of bad investments and wary of risk. This is a rule for all of us; those who aren’t afraid of risk or losses at all don’t last very long in the business. The extent of your fear may vary, of course, and some trading assets make more traders more nervous than others. Online forex investments form one example of an asset class that – fairly or not – is often accused of being too risky, or prone to “bad investments”. While I disagree with that broad characterization, I think people are right to question any investment class, particularly one that is relatively young and almost entirely online, with plenty of seedy, discount brokers tainting the market for trustworthy brokers. I don’t think forex is a bad investment, or even that it lends itself to more bad investments than other asset classes. But, I understand that an explanation is in order, so this article will provide precisely that – my analysis of the risk involved in forex. How Hard Is It to Make Money With Forex? The first question I like to ask when evaluating an asset class is this: How hard is it to make money in this asset class for a typical trader? After all, if it’s really hard to actually turn a profit, there is a higher chance of making a bad investment.

It’s that simple. Derivatives, for example, are far more complicated than, say, stocks (which are, in and of themselves, more complicated than trading commodities). I look at a few factors: The learning curve involved; How technical one has to be to analyze the asset class properly; How much in-depth knowledge of an asset or market is needed; and How many factors influence price (and how complicated they are to follow). Based on this criteria, foreign currency exchange isn’t any more difficult than most mainstream assets. Forex does have a bit of a learning curve in that you have to learn different terminology and approach buying and selling currencies differently than buying or selling stocks or commodities. For example, you have to know what a trading pair is; how to read a forex quote; what price factors are in play; and how you can navigate around spreads and pips and all that other stuff. You don’t have to be uber-technical to analyze forex, though. You also don’t have to understand everything about a currency. In some ways, currencies are easier to predict than stocks because there are less major moving parts that impact a currency’s value. In many cases, if you can predict what a central bank will say at its next meeting and whether or not it’ll be good for the currency, you can probably provide an educated guess as to what the currency will do. How Much Risk Is Involved? One additional area that makes some assets more capable of bad investments than others is innate risk. How much money do you have to invest? What kind of leverage can be used?

Do you lose everything if you are wrong – like with binary options – or can you cut your losses? How liquid are assets? In terms of liquidity, forex is near the top (unless you’re buying an exotic currency that simply isn’t traded very highly in the market). This means you won’t have much of a problem getting away from a bad investment. You can also make sure you don’t lose everything, too; currencies rarely devalue themselves to the point where you are eating a 90-95% loss (and by the time it happens, you should have plenty of time to get out). One potential problem, if used incorrectly, is leverage. You can leverage your funds with 25:1 and 50:1 buying power (meaning one dollar controls $25 and $50 worth of currency, respectively), and sometimes can gain access to even higher leverage ratios. This means big profits can be had – but so can big losses. One note about one possible solution many traders think of when it comes to mitigating risk: managed forex trading accounts. Managed accounts are when you basically entrust your capital to a professional trader who makes all the currency trades for you. You may think it’s a good solution; after all, what’s better than having a pro do all the legwork for you? Many times, though, this ends in failure. Either the trader is trying to trade for too many people at once, turns over trading to an automated system, has a per-trade fee schedule that rewards him or her for the more trades that are made, or has a monthly quota that also encourages more trades. If you want to cut down on risk, going with a managed trading account may not be the best idea. Conclusion. Forex does have a bit of a learning curve, and currencies can go through high volatility. Leverage can wreck you, too, and your knowledge has to shift from microeconomic trends and patterns and events with trading stocks to macroeconomic factors. But, forex is far from gambling.

A smart, savvy, and disciplined forex investor is a far cry from a riverboat gambler. Moving forward with careful analysis and prudence can net you a profit just as easily as stock trading or commodities or bonds can – and in some ways, forex trading is actually easier . In short, getting into forex can be the beginning of a successful investing career – and, in the right hands, isn’t a bad investment at all. Why Bracket Trading Is A Bad Idea. A lot of traders when they first start learning, usually get exposure to the principle of bracket trading. I know I did. I used to find the support and resistance points that formed a consolidation box, and just blindly set buysell stops to play the breakouts. I did that for a few months, before I abandoned the effort. What is bracket trading? Bracket trading is the type of trading where you perform analysis on the market and decide to enter two entry orders. These will typically be a buy stop and sell stop entry order. It is called bracket trading, because you are bracketing the market with orders. You are anticipating a breakout, or explosion of volatility, but are unsure in which direction it will occur, thus you just bracket the market with buy stops and sell stops.

You can either have the other entry stop order to act a stop loss. For example, if the market breaks out higher and your buy stop gets filled, then you can just leave your sell stop in the market to act as your stop loss on the trade. In this case, once one entry order is triggered, the other one is used as a stop loss policy. Thus if the market decides to move the other way, it will only stop you out and not enter you into a new trade. Or you can have individualized stop loss policies on each entry order that you place. For example, you have a buy stop entry order into the market, with its own stop loss attached to that order. You also have a sell stop entry order with its own stop loss attached to that order. That way if the market breaks in one direction, posts a false breakout, then reverses, you will get stopped out of one of your trades, but the other stop entry order will be executed and you will be in a new trade. The thinking behind the bracket traders is that if the market is consolidating in a tight rectanglebox formation, you can just blindly bracket the market with entry orders and you will be alright.

The thinking goes that even if one of the trades results in a loss, it will be a false breakout, but if the market breaks out to the other side, that it will be the “real move.” The problem with this line of thinking is that it doesn’t acknowledge the possibility of two consecutive false breakouts in a row. Or even if it does acknowledge it, then the bracket trading systems assume that the profits on the winners will more than overcome the false breakout losses that you take. Here is an example: As you can see in the above EURUSD, 1 hr chart, there are many occasions where the bracket trader stops will get tripped multiple times, resulting in many consecutive losses. The problem that the bracket trader faces, is that they, for whatever reason, do not want to do the research necessary to determine why the market should move. They do not want to figure out why the market should breakout and make a sustained breakout. Instead of doing that, they fall back to the more lazy of way of trading with only charts. They just find the support and resistance levels and bracket the market. Such traders are easy pickings for the stop hunters. But the bracket traders do not end there! For there are still many traders attempting to take this bracket trading methodology and apply it to news trading. Bracket Trading – News Trading. Continuing on the theme that bracket traders typically only like to look at charts and tend to ignore, or are oblivious to the fact that there is information outside of the charts.

The bracket traders realize that news can cause some volatility. So they have this great idea about bracketing the market during news announcements. They go and find a news release that they believe will cause the market to be volatile. Then they bracket the market with buy and sell stops. They assume that when the news comes out the market will trigger one or both of their orders. If the market triggers both of their orders, they realize they will take a full loss on one of them, but believe that if the market is going to be volatile, then they will make their money back on the winning trade. And such a strategy can potentially work some of the time. If it works, it is due to pure luck and not any skill based news trading. And trading news on pure luck is not a long term sustainable strategy. Heck it is not even medium term sustainable.

There are many problems with this approach. Firstly, the spreads widen before, during, and the seconds after a news is released. This causes illiquidity in the market. And because spreads widen, sometimes significantly, the market can trigger your stop loss orders on these inflated spreads. Remember a entry stop loss order does not guarantee any price. It is merely telling your broker to execute a market order, once price hits a certain price. If your order gets triggered due to the inflated spreads, then your entry order becomes a market order to get triggered at the next best price. That price could be at your entry stop loss order, or it could be 1 pip away, or 5 pips away, or 15 pips away, or more depending on where your broker find liquidity in the market place. In other words you are attempting to execute your orders during the news spike. You are attempting to get filled, when liquidity is very low or non existent. That is a very dangerous proposition. The second problem is that the market can trigger both your stop loss entry orders during the news, and hand you an almost instant loss within the first minute news spike, or within the first few minutes after the news release. It happened this past Friday, September 2, 2011 during the U. S. NFP news release. As you can see the EURUSD was trading at 1.4256 one minute before the news.

If the bracket trader placed a buy stop 15 or 20 pips higher and a sell stop 15 or 20 pips lower, they both were triggered during the first minute news spike. The news trader took a double loss all within one minute or a few minutes. I don’t know about you, but that sounds pretty harsh to me. Taking two full losses within one minute. And that is why bracket trading is a bad idea. The bracket traders do not do the proper order flow research, and have the proper discipline and patience to trade successfully. FREE REPORT AVAILABLE: The Foundations of Order Flow Trading That SuperCharge Your Profits. Learn the 5 Step EZ way to understand order flow. Learn THE MOST IMPORTANT aspect of the market you should be focusing on. Learn the #1 Question you should ask of your trading system. All this and more in this FREE REPORT. CLICK HERE. A site to discuss Options trading, Forex and Long Term Investing. Advanced Strategies (9) Automated Trading (37) Bear Call Spread (62) Brokers (4) Bull Put Spread (68) Butterfly (7) Calendar (7) Collar (1) Debit Put Spread (1) Diagonal (1) Double Calendar (10) Early Retirement (19) Elephants (32) ETF Rotation (13) Expectations (4) Forex (60) Forex Systems (20) Gold Trading (2) Hedge (11) Impatient Sniper (3) Interpreting Returns (3) Investing (59) Iron Condor (103) Leveraged ETFs (4) LT Trend Sniper (10) Money Management (5) Monthly Digest (22) MT4 Indicators (10) Option Trades (286) Portfolio Analysis (323) Portfolio Insurance (9) Products that suck (1) Psychology (18) Realistic Returns (1) Resources and Tools (41) Reviews (22) Short Volatility (3) Straddle (3) Strangle (3) Synthetic Stock (1) Synthetic Stock Hedged (1) Trade Adjustments (43) Trade for a Living (16) Trading Competition (3) Trading Robots (18) Trading Tips (14) Victory Spread (1) Volatility (12) What works (19) Options trading sites. CHRISTMAS PROMOTION LTOptions at a 33% discount during the Year End Holidays.

Tell me More. Tuesday, February 21, 2012. Why ZuluTrade is a bad idea. If you got to this post via a search engine, you know what ZuluTrade is. If you don't, ZuluTrade is a website that offers a platform for Forex signal providers to broadcast their trading signals so that these are replicated across subscribers' accounts. The idea looks great. The first time I saw this I thought "AWESOME, A PLACE TO COMPARE SIGNALS PROVIDERS AND TRADE WITH THE BEST!". And in fact the idea is good, but there are other factors in ZuluTrade that in the end make it a very dangerous platform. The most important factor in my opinion is the way in which signal providers are compensated. Every time a subscriber places a trade, the company charges a 1 pip commission per lot traded per user. And here's the key of the problem: it doesn't matter if the trade is profitable or not, the only thing that matters is for the trades to be entered. This compensation schema is less than ideal, as signal providers are only encouraged to issue as many signals as possible regardless of their outcome. Let's say a signal provider has a solid mechanical system, with a solid record, but that system hasn't issued any signal in the last week. Many subscribers start getting desperate and asking for action, plus, the signal provider at some point might be hunger for subscribers' commissions, you never know.

The whole schema only promotes over trading, for the benefit of brokers, Zulu and alert providers. The second problem, which is not less important, is that the alerts provider can place and broadcast his alerts on a Demo account! That's insane! The alerts provider might not be playing his real money after all so heshe could care less as the risk heshe is under, is non-existent. There are other issues, related to the rankings and all that but those are more in charge of the subscriber to know and judge. So, for example, if you see a provider with 15K in profit, ranked number 1, with 100% winners, you might think he is the real deal. But only after inspecting his track record and verifying for example that he doesn't cut losses and therefor has a floating balance of -15k, then you realize he is not the real deal after all, but the real massacre for your account. I chose an extreme and evident case to prove my point. But there are many more subtleties on a track record that can show really bad practices like progressive position sizes, average downs, excessive risk etc which are less obvious for newbies to detect. Obviously, many rookies, or holy grail hunters don't look into these things and become subscribers of any alert provider without careful consideration, which is extremely dangerous. If ZuluTrade were to improve the quality of the trade alerts service, they could ask for verified track records of real money accounts for periods of at least a year, so not anybody could become a guru. They would also ask traders to trade their alerts on their real money accounts. And finally they would only pay commissions if the trades were profitable. Of course, if they do all this, the activity around the website would be drastically reduced as a very small portion of signal providers would be around. And therefore a lot less in commissions would be generated.

Only real traders with long term sustainable performances would remain, and those long term realistic performances are not attractive at all for rookie traders who are expecting the 1000000% yearly returns. And they would just walk away. That's the sad state of this joke of an industry. The same existence of holy grail hunters with unrealistic expectations that need to be fed creates all the problems that the online Forex industry has, from the crappy and useless Expert Advisors to the Destructive Trade alerts providers. I'm not saying you won't find a good signal provider at Zulu. You can. I'm just saying, be aware of the fact that it is a dangerous game. And know all the pros and cons in advance. This policy describes our current privacy practices for the Oath Search and Assistants brands, websites, features, products, apps, software and other services (“Search Services”). All information that is collected, provided to Oath or stored in your Oath Account will be treated, used and protected in accordance with the Oath Privacy Policy. This information may change as Oath revises these Search Services by adding or removing features or using different service providers. Some features are only available if you are a registered user. Please visit Help if you have questions about these Search Services.

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Search results may consist of sites that have paid for placement in the search results. Learn more. Search results may contain tracking URLs provided by Yahoo Search Marketing andor our Search Partners to identify clicks from the search results page. Assistants. Yahoo Assistants are a new category of products and services using artificial intelligence guided by humans. These include chat bots operating in messenger platforms, virtual personal assistants and stand-alone apps accessed on Oath or through third-party apps and services. Assistants may collection information about you in a manner different from other search technologies. Yahoo Assistants may interact and converse with you to answer questions, help complete tasks or perform other activities. Assistants rely on our personnel and automated systems to respond to questions or instructions from users. We may collect information about you when you use our Assistants, including your conversations and interactions with the Assistant, your Yahoo ID and information associated with your account. We may also collect information provided by a third-party (including apps, messaging platforms and other services) interacting with our Assistants, which could include: your account information with the third-party, such as user ID, name, photo, phone number, email address; and device information such as device ID, device type, operating system, and mobile carrier.

Oath’s personnel and our automated systems may have access to all communications content as it is sent, received, and when it is stored, in order to fulfill your requests, further product and services development, and provide personalized experiences and advertising through Oath’s products and services. When you are communicating with our Assistants through a third-party, please read that company’s privacy policy to better understand what information it may retain and for what purposes. Location information collected through the Yahoo Assistants may not appear in the Location Management page. Other. Users who are European residents can request that certain URLs be blocked from search results in certain circumstances. Yahoo Local. Information Collection and Use Practices. My Local. This feature allows the signed in user to store Business Listings by using the “Save” button on the Business Profile Page. Signed-in users may also view their recently searched and recently viewed businesses. Information Sharing and Disclosure Practices. Reviews.

Your review will include your Yahoo ID or an alias or other account information you have made public and will link to your profile. Use the pull-down menu to choose the alias you would like to post with. You may also create a new alias and profile. Currently it is not possible to edit your own review once it has been posted, however if you try to post a second review you will see your previous review which may then be resubmitted. If you post personal information online that is accessible to the public, you may receive unsolicited messages from other parties in return. Practices Regarding Your Ability to Update or Delete Information. Currently it is not possible to edit your own review once it has been posted, however if you try to post a second review you will see your previous review which may then be resubmitted. Yahoo Shopping. Yahoo Shopping allows you to access thousands of merchants and products in one place.

To make a purchase from a merchant listed on Yahoo Shopping, you are not required to be a registered user. PriceGrabber powers the functionality of Yahoo Shopping. For more information on how PriceGrabber collects and uses your information, please visit the PriceGrabber Privacy Policy. Information Collection and Use Practices. Purchases. We may use your Yahoo Shopping queries and Yahoo Shopping browsing history to customize your experience and provide you ads that may be of more interest to you. We show you your Yahoo Shopping queries and Yahoo Shopping browsing history made within the past 60 days in the Recent Activity module. To disable Recent Activity, select “off” in the upper-right corner of the module. To clear your Yahoo Shopping browsing history, select “clear all” in the upper-right corner of the module. To learn more about your ability to opt-out of interest-based advertising, click here.

To learn more about how the Recent Activity module works, click here When you make a purchase from a merchant listed on Yahoo Shopping, the merchant will ask for information such as your name, billing and shipping addresses, email address, telephone number, and credit card information. Please refer to the privacy policy of each individual merchant to learn how they use and store your information. Each merchant from whom you make a purchase will receive your personal and order information directly. Yahoo Shopping does not see, collect, store, or use this information in any way. Each merchant is solely responsible for their use of your personal and order information. Comments. When signed into the Yahoo Network you may comment on user reviews. When you comment, your profile is linked to that content and your display name and profile photo are visible to other users. You must be a logged-in, registered user to post a comment. Comments you post will be displayed publicly along with your Yahoo ID or chosen nickname and profile picture or avatar. You may also delete a comment you have posted by selecting the ‘delete’ option next to the comment you wish to remove.

Your comments are visible to you on the “My Comments” tab next to the commenting streams. Forex Scalping – Good or bad Idea? Why is scalping in Forex so popular? Scalping is a very popular trading style for many traders. It promotes fast trading, meaning, as soon as a rather small target profit is reached – you must exit the trade. Scalping can be a very powerful trading style for those who know how to do it properly. For those who don’t – there are a lot of scalping indicators, however not all of them are working as intended… What makes scalping different from other forex trading styles? Well, scalping allows you to take advantage of many different price movements that happen throughout the day, rather than focusing on big long trend than can sometimes take days or weeks. Fast profit and less time investment are the key benefits of this method. Are you the type of person who would benefit from scalping?

There are billions of people on out planet and everyone has a different character, preferences, hobbies etc. However we can still logically divide all people into a specific groups. So, if you are curious to know whether you belong to a group those who can benefit from scalping – see if at least one of these points sounds attractive to you: 1) You prefer to trade safely, without too big investments. More often and safe trades are “your thing” 2) You think winning a lot of small low-risk trades is more fun that winning one big with higher risk. 3) You prefer to be in control over each small fast trade rather than place one big trade and check back on it every now and then. 4) You don’t have enough time to trade for hours a day and prefer to execute 2-3 fast trades with a cup of coffee before going to your job. Results! So if you answered “yes” to one or more of the points above, then most likely scalping is the right trading style for you. Congratulations on learning this now ?? 4 thoughts on “ Forex Scalping – Good or bad Idea? ” How much does the software cost? As we all know that trading software have tendency to underperform over time, how do updates work? Most of our tools are created with evergreen parameters that always work in an optimal way. Most of our products are within $87-$147 price range.

Thanks for your interest! Thank you Karl for pinpointing why one is intuitively attracted to scalping. I can agree with some points, not with others. – Less capital needed: true. A shorter TF (M5) means smaller SL (10 pips) distance. But small capital means small gains. Example: 5K capital. With 2% rule on risk and 10 pips SL, 1 pip = 1 USD; hence 1 minilot investment allowed. A zigzag analysis with 10% drawdown will show that the average trade size with M5 is +- 5 pips. My broker charges 1…1,3 pips spread on €$ during active sessions + 0,7 USD commission for a minilot= 2 USD per trade; average net earning per trade is then 5 – 2 = +- 3 USD. Hence “a couple of trades before going to work” is not realistic. For me , this kind of trading (M5 Scalping) requires : – 50K capital to make 50 – 13 – 7= 30 USD USD per winning 5 pips, 1 lot trade – full time presence between 8-10 and 13-17 GMT until you make 10 winning trades + double the amount of loosing trades to cancel their losses. With 30% loosing trades that makes an extra 6 trades. Total +- 20 trades per day to make a decent 300 USD earning over one day = 6.000 USDmonth. My questions: – Do you agree with me? – How many hours of presence do you estimate to be required to make 30 M5 trades? Thanks for the fantastic programs you develop.

Good points… I think you can make 30 M5 trades in just 1-2 hours a day. You dont have to be chained to PC all day. Just use signal alerts. 123 . wrayjustin Trading Pennies for Dollars FXMarketMaker Professional Trader Hot_Biscuits_ Models and Bottles spicy_pasta RichJG Financial Astrologer El_Huachinango MOD finance_student Prop Trader AutoModerator » the front page of the internet. and subscribe to one of thousands of communities. 3 forexllamatrainer. Want to add to the discussion? –gruberexn gooby plz 2 3 4 3 (2 ) –dinuks Live Trader 4 5 6 3 (0 ) –Hamno 1 2 3 3 (0 ) –KidUnidentifiable Technical Trader 0 1 2 3 (0 ) –Radeh Commodity Trader 0 1 2 3 (0 ) Reddit for iPhone Reddit for Android mobile website. , . © 2018 reddit . . REDDIT and the ALIEN Logo are registered trademarks of reddit inc. ? Rendered by PID 6085 on r2-app-03b58d54d34d07870 at 2018-08-26 14:02:19.124793+00:00 running b1939d2 country code: UA.



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