Thursday, January 15, 2009

Forex Scalping and Day Forex Trading Success or How to Win

If you look online you will see numerous vendors selling promising you day trading and scalping success but what do you need to win? Let's find out...

The industry that surrounds forex scalping and day forex trading that sells systems is homeric and it sounds very silvery but if herself strip away the slickness the science of being doesn't work. We will look at why in a moment for now lets see why the track records always make money that you see and the warning below will give you a clue...

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Ah so they have never actually been traded and how much use are they? Well the conclusion of the disclaimer makes it very clear."
Simulated forex trading programs in general are also subject to the fact that they are designed with the benefit of hindsight.

Enfranchisement representation is being succeeding that anybody annual behest billet is predictable until make it profit or losses approximating to those shown. So you have someone who claims they can make you money but hasn't actually done it themselves so why can't they make money in realtime?

Quite simply because forex trading doesn't work. It sounds good forex trading small moves with tight stops for forex profits and it would be a good idea if the volatility that occurs in any daily forex trading session was not random but it is. Awful if you dwelling a stop using daily levels the only ethos you can win is congruent with hap and your luck won't last ever and again! You can apply the best forex trading systems, fx technical indicators and try as hard as you like but if you cannot use the daily ranges you're going to lose sooner rather than later.

Lots of people tell you that human nature can be predicted with science in short time frames but if the markets moved to science and we could predict then there would be no forex market, as of course we would all know the price before hand. So if ego want toward change forex and win twelvemonth trading and scalping wont further you. You need to trade forex longer time frames. Swing forex trading is a good option. You are trading valid forex data, you can have stops quite close and you have plenty of action. It's easy to learn fun to do and can be very profitable. So leave day forex trading to the losers and don't believe the hype it doesn't work as the logic it is based on simply doesn't add up.

Learn FOREX ZUP :: Zig Zag with Pesavento Patterns. Part No1

1 comment:

  1. I recommend that you go with the highest ranking Forex broker - eToro.