Basically, scalping trading is the most sensitive trading system! Yes no doubt, the trading spread is an important calculation for the scalping trading but it’s not everything! According to me, your scalping trading strategy is the main weapon.
I think, during the struggling period; many traders face this problem! Their family doesn’t support them in the initial stage of learning! But no doubt, if they are able to make regular money; then everyone will appreciate it! I have also same experience like this.
For me, the best R is; I have selected my main profession as Forex business! Yes, I believe Forex trading is the best opportunity for me to make money! Although, I need to improve more but I am sure about my success.
That’s really true; this is why I like to suggest all of under 18 to use demo for learning and updating their trading skill! After a certain period of time then can go for live trading for sure.
Yes, I think using trading leverage is a very useful way for the retail Forex traders! But, I am not inspiring them to trade based on high trading leverage only without any plan! By the way, I am trading with 1:100 trading leverage.
Interestingly, I am also waiting for re-touching the same level (@.8852)! Yes, last week I had a buy scalping trade here with 20 pips TP and 8 pips SL and I got my TP within one hour! In addition, if I open any buy trade here then my initial target will be above 0.9031.
Interestingly, now I have an opened buy trade here; I actually opened this trade at the level 76.50! Since I got enough bullish pressure here so I am expecting more pips here! Right now, I am with my TP at the level 81.
Yes, you are right for being a successful Forex trader, we have to ensure first our combo trading skill! By the way, there is no shortcut way of trading! Maybe few new traders try to make quick money by using others trading robot or signal service; but end of the day they lose everything...
Without proper trading knowledge, there is no way to survive here! I have already seen, so many traders left this market after losing the big amount of money! That’s way, my suggestion is; if you are not sure about your trading skill, don’t invest your real money.
Yes, FF is the most popular news source! By the way, how you handle running trades during high voltage news like FOMC, NFP according to your technical approach?
I think, it’s a sideway market; I am actually waiting to break the level 1.3462 level! If market breaks this level then I am going to open a buy trade here! In addition, now I am not interested to open any trade position here!
Actually, market maker brokers do so! But, transparent Forex brokers are very caring about their clients! So, traders need to stay with the transparent regulated Forex brokers and avoid all of the non-regulated brokers!
In a word; trading is risky! But I seem, scalping trading is relatively safer than the others long-term trading system likes swing and positional trading! Because, here you don’t need to use such a big SL as like swing trading!
The reality is; a number of retail Forex traders are unable to make regular money from this financial market! It’s not easy job actually! By the way, success is impossible at all, so if you are a new trader just focus on learning and update your trading skill as much as possible.
I actually wait for my TP; usually I don’t close my running trades manually! By the way, after opening a trade I concentrate on others pairs for opening my new trade position! Forex is my main source of income; so I need enough number of pips in everyday.
Honestly, when I was a new Forex trader then my concern was different about the learning process! I thought, learning is very much easy way; but the reality is different! I have noticed, a number of new Forex traders lose the learning interest in the mild path; since they have no plan on it.
I gauss, now you are using your demo for updating your trading strategy or system! Whatever, I have started my live trading after practicing my demo for 1.5 years! In addition, now I use the only real account and I am learning from my live trading mistakes.
Hello Alan; unfortunately your picture is not working! By the way, I just got my SL on USDJPY! Basically, my strategy indicated me bullish trend and I opened a buy trade in the daily support level but I got my SL within the 4 hours.
If you are making good amount on money from the binary options trading, then I have no option on it! By the way, binary options trading is not appropriate way of money making to me! I am comfortable with the Forex! I see, Options trading is too quick and risky too.