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- ScalpTaker replied Jul 31, 2017
My first account was blown because I never placed a SL (I was a newbie trader who thought they knew everything), but now I'm worried that I place my stops too close and get hit too often. When I scalp I aim to rake in 5 pips, using a 10 pip SL. I'm ...
- ScalpTaker replied Jul 31, 2017
It depends on the lots size you plan on trading with. For and ECN account you will be charged a commission (normally around $3 per lot, but dependent on the broker) that you will first have to cover, as well as the slight spread, before being able ...
- ScalpTaker replied Jul 31, 2017
I believe that the brokers widen the spreads during news releases to protect themselves from taking losses as most scalpers take the news reactions for a profitable ride. During normal market conditions I don't think that the brokers are too ...
- ScalpTaker replied Jul 31, 2017
Have you tried a Stoch (8,3,1) overlaid with a Stoch (13,3,1)? It might help to filter out false signals. Wait for both of the stochastics to go oversold or overbought before entering the respective trade. Just a thought
- ScalpTaker replied Jul 31, 2017
Most traders should just aim to be consistently profitable, instead of going after a huge amount of money or pips. Betting the farm on a trade and seeing it go against you is not a comfortable position to be in - even if it makes it back to the BE ...
- ScalpTaker replied Jul 31, 2017
PayTheLimit, how are you able to successfully keep your nerves in check? I've had a couple scalps that I've taken reverse on me, which I've then held until they reach slightly above BE, and closed the trade for a slight profit, only to see the price ...
- ScalpTaker replied Jul 31, 2017
If a truly profitable EA existed, I don't think the traders would be spending much time on any forums.. Read through some of the Trading System threads and find a couple systems that appeal to your style. Mix and combine them until you feel happy ...
- ScalpTaker replied Jul 30, 2017
Any kind of psychology to help keep your emotions in check and stay impartial while trading might be a good idea, but also try to take course that are in line with the general degree that you are getting
- ScalpTaker replied Jul 30, 2017
Sometimes one tends to forget that the simplest of methods is often more than adequate.
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