ok.. here is something on philosophy of scalping then..
There are many different philosophies on how to trade successfully in the Forex market. While different personality styles and different goals will work better with different trading philosophies, just guessing will never work. Forex scalping is one trading philosophy that works for many traders.
Guess work should always be avoided in any type of investment, and this is exceptionally true when trading on Forex. Blindly gambling should be left to entertainment spending and not to serious investments. No matter what styles trading you find that seems to work best for you, you can be sure that if it is successful and profitable you developed some system where every trade had a clear and concise reason behind it.
Forex scalping is one method used by many traders to reduce risk and increase profits. This trading method is an ideology where the trader takes a position, and then opens and closes within mere minutes. This is a fairly safe philosophy to follow when practicing Forex trading because it lowers the risk innately contained in such a fluctuating market. Trades that are left open for a long period of time have a much greater risk of a loss than those that are closed quickly when the trader can see that at least some profit is going to be made.
While Forex scalping is a great way to minimize the risk of overall profit loss, it can be very difficult to master for maximum success. Practice and experience will allow the trader deeper insight into the best ways to scalp for the most profit possible. This method takes a significant amount of time and energy, but in the end it can be one of the safest and most rewarding ways to trade on the Forex market.
thanks Dave.. this news should make early monday trading in asia quite lively.. perhaps also explains why chinese kept euro from falling too much last week..
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
How bitcoin halvingreduces bitcoin inflation below that of gold and how its "hardness" can beat every other asset & currency over time. Watch here.
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
Latest Hot-Chart - Apr 09
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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There are many different philosophies on how to trade successfully in the Forex market. While different personality styles and different goals will work better with different trading philosophies, just guessing will never work. Forex scalping is one trading philosophy that works for many traders.
Guess work should always be avoided in any type of investment, and this is exceptionally true when trading on Forex. Blindly gambling should be left to entertainment spending and not to serious investments. No matter what styles trading you find that seems to work best for you, you can be sure that if it is successful and profitable you developed some system where every trade had a clear and concise reason behind it.
Forex scalping is one method used by many traders to reduce risk and increase profits. This trading method is an ideology where the trader takes a position, and then opens and closes within mere minutes. This is a fairly safe philosophy to follow when practicing Forex trading because it lowers the risk innately contained in such a fluctuating market. Trades that are left open for a long period of time have a much greater risk of a loss than those that are closed quickly when the trader can see that at least some profit is going to be made.
While Forex scalping is a great way to minimize the risk of overall profit loss, it can be very difficult to master for maximum success. Practice and experience will allow the trader deeper insight into the best ways to scalp for the most profit possible. This method takes a significant amount of time and energy, but in the end it can be one of the safest and most rewarding ways to trade on the Forex market.
Article Source:http://EzineArticles.com/1818074
anyway gaps for me too small to even trade them:-(.. wish i was on Cat's platform:-)
"Goldman Sachs revises 12-mo $AUDUSD outlook to 0.98 from 1.08"..