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Why people use scalping????

  • #21
  • Dec 9, 2008 9:30pm Dec 9, 2008 9:30pm
Quoting FOREXflash
The only people I know who are able to consistently day trade Forex are bank traders. Virtually no spreads when they trade, and they can see ALL of the orders --this means yours and mine.
How do you mean? There is no centralized exchange in forex where orders can be placed, it's global. There is no market depth in this market to the best of my knowledge.
Trax Tibidax Tibidox...
  • #22
  • Dec 9, 2008 9:39pm Dec 9, 2008 9:39pm
Quoting masterpiecefx
How do you mean? There is no centralized exchange in forex where orders can be placed, it's global. There is no market depth in this market to the best of my knowledge.
He must only meen Orders with the bank they work at, Doesnt hold any water otherwise.
Living the adventure in my head.
  • #23
  • Dec 9, 2008 10:03pm Dec 9, 2008 10:03pm
Quoting fxRichard
That's why you scalp when the spread is 0 to 1.5 pips tops, just like any other system or method there are rules to follow.
Hey FX you still scalping with the MMA's?
  • #24
  • Edited Dec 10, 2008 2:04am Dec 9, 2008 11:56pm | Edited Dec 10, 2008 2:04am
Quoting FOREXflash
Think about this!!!
With a 3 pip (tick) spread on your preferred market, with a $10K trading account, 50:1 leverage, and only trading twice a day, it calculates your trading costs at $75K a year. If you are able to trade half of a 12 pip swing--when you win you will barely get a couple of pips, and when you fail, you will lose all your variation plus at least 3 pips spread at a time.

[font=Arial]My best suggestion is: forget it! The only people I know who are able to consistently day...
I agree and disagree with you....

It is true that long term trade have better return..as it have trending/consecutive candle edge and lesser noise that help traders from going into the wrond side of mkt...

But there are some ppl out there who is so good in scalping that their sum pips is more than the long-term guy....

Important to note here..is

"The lower t TF, the more skills u need, such as percision timing,emotion control,money management"

I have a prob with my emotion control, so that I try not to do scalping...

Sonic
  • #25
  • Dec 10, 2008 3:52am Dec 10, 2008 3:52am
Quoting fxRichard
Supposedly: 95% of people lose at forex.....hmmmm I bet 95% of people are against scalping lol
Hmm... I think 95% of people just try short term trading (including scalping) first but don't know what they're doing.
  • #26
  • Last Post: Dec 10, 2008 8:21am Dec 10, 2008 8:21am
Quoting Leonlorenzo
He must only meen Orders with the bank they work at, Doesnt hold any water otherwise.
That wouldn't be much helpful, unless they screw their own clients
Trax Tibidax Tibidox...
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