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 ...

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 ...

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 ...

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

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 ...

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 ...

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 ...

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

Sometimes one tends to forget that the simplest of methods is often more than adequate.