Forex Day Trading and Scalping – a Sure Fire Way to Lose Quickly!
Forex day trading and scalping is promoted heavily online and the objective is to -keep losses small and earn a regular income. This is the dream the reality is a swift wipe out of equity for the reason that is enclosed.
Ask yourself this simple question:
There are millions of traders all over the world and there all using different Forex trading strategies, all have different aims, skill levels and are influenced by their emotions, so how do you decide what this mass of people are going to do, in a few hours or minutes?
The answer is of course, you can’t! its rubbish to say you can and the facts simply do not support this view. All volatility in these short time frames is totally random, so you can’t use support and resistance levels, can’t get the odds in your favour and sooner or later, you are going to lose all your money.
Ok you maybe saying but I have seen the track records of Forex day trading systems sold by vendors and they show a profit. Sure they do – but check the disclaimer and risk warning and you will see there not based on real time trading, there simply a back test over historical data.
Making money in a back testing scenario is easy – but you don’t get to know the closing prices when you trade for real and this is the real world.
Vendors who back test systems, can show anything and they do, to sell their systems.
If you really want to make money, forget forex scalping or day trading systems and trade longer time frames where, you can get the odds on your side.
Get the right Forex education and learn to Forex trend follow.
Look at any Forex chart and you will see trends that last for weeks, months or years and you should base your Forex strategy around catching them and turning them into profit.
So forget short term trading and get the odds on your side, by catching the big profits from the big moves and you can enjoy Forex trading success.
how to make sure investor at forex trading?
Investor want fixed income. That’s the character of investor at my country. I am looking for investor now, but my business at forex trading firm. how to make sure the investor for investing at forex trading? If I advertise , what is the best strategy or model ?
Categories: forex strategies Tags: forex, Investor, sure., Trading
In FOREX Market: Scalping is ethical or unethical. www.gcitrading.com sucks for sure.?
Im with GCI from past year, and since i had major losses i changed my trading pattern to have small profits (2-5 pips) and small losses of upto 10pips. Recently under good volatile market condition i started making good money. I achieved my daily target but still i kept on making. After three days later i have experienced that my account got short by 3910$. I spoke to GCI guys and come to know that i have been found of doing scalping and hence they have reversed my those both days transaction. and make my account less by 3910$ as i was scalping with there feed ad not trading.
My question is why they havent done before as i am doing this trading pattern what they call scalping from past 6 months. So why now????
Why they havent done when i went in losses, and they could have reveresed my transaction and compensated me?
Does this reversing the trade is actually possible ?????? That you can turn your three days back trades????
Somebody pls advise and help me that why they have
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Categories: Forex Scalping Tags: ethical, forex, Market, scalping, sucks, sure., unethical., www.gcitrading.com
