Swing trading vs scalping...
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I prefer swing trading. Scalping often leads to the overtrading and eventually to a pure gambling in my case. And with swing trading I have so much more free time!
Hi Admin , are you sure I can share it here ? cause i do not wanna break the forum's rules . I'm not working for the company nor advertising for this indicator , I'm just sharing something i think it's good . But if any one of you are interested to know about this indicator , feel free to PM me .
Oh... It's a proprietary indicator. I am not very fond of those. Usually they turn out to be no better than the other free custom indicators.
Hi All,
I disagree with the majority of financial advisors in the world, in my opinion 2009 will be better than the last year, I believe in the program of economic recovery impulse by Bernanke in the US congress and I trust In Obama (He will not to solve all the problems, but unless he will not make too many errors as Bush, ok anybody would make a better job than Bush).
There is hope for the world in 2009, I strongly believe in Friedman´s theory about expectations, if all of us believe in a good wealth in this year, so it will be true.
I also recommend this article, He´s an excellent writer:
http://online.wsj.com/article/SB123103188733751647.html
Karl Strauss
Harvard University
I disagree with the majority of financial advisors in the world, in my opinion 2009 will be better than the last year, I believe in the program of economic recovery impulse by Bernanke in the US congress and I trust In Obama (He will not to solve all the problems, but unless he will not make too many errors as Bush, ok anybody would make a better job than Bush).
There is hope for the world in 2009, I strongly believe in Friedman´s theory about expectations, if all of us believe in a good wealth in this year, so it will be true.
I also recommend this article, He´s an excellent writer:
http://online.wsj.com/article/SB123103188733751647.html
Karl Strauss
Harvard University
Hold on, hold on... If you choose the right broker and you apply proper money management rules, there is absolutely no reason why a swing trader would need a bigger account than a scalper. Trading a $100 position with a 1,000 pip stop loss is essentially the same as trading a $10,000 position with a 10 pip stop loss - in both cases you have exactly $10 at risk. The only difference is that if you include the spread, you actually have a much higher probability of having your 10 pip stop loss hit than the 1,000 pip stop loss, simply because the spread is a much higher percentage of your risk. If the spread is 3 pips, as soon as you enter the trade you will be 3 pips down, which is a big deal if you have a 10 pip stop loss, but not so much of a big deal if you have a 1,000 pip stop loss.
It's all relative. To put it succintly, swing traders generally have a higher probability of their trades achieving success, if you think of the market as nearly random, so a swing trader's "mathematical expectancy" will generally be higher. However, if a scalper manages to produce a viable positive mathematical expectancy, his long-term profitability will generally be higher than a swing traders (not to mention his stress levels). In other words, it is more difficult to produce a profitable scalping system, but IF you manage to do it, then it will most likely be VERY profitable due to the high volume of positive expectancy trades going through.
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Hi,
After studying market behaviour for a while I have noticed the time where scalping appears to be more successful.
The best time of the day to apply Scalping strategy in Forex broker trading is the opening of London session. Starting at 8:00am GMT and till 9:00am GMT Forex market appears to be more predictable, there are less whipsaws, price movements are more defined.
The two major European currency pairs i like are - EUR/USD and GBP/USD. They are the perfect target for morning Forex scalping.
After studying market behaviour for a while I have noticed the time where scalping appears to be more successful.
The best time of the day to apply Scalping strategy in Forex broker trading is the opening of London session. Starting at 8:00am GMT and till 9:00am GMT Forex market appears to be more predictable, there are less whipsaws, price movements are more defined.
The two major European currency pairs i like are - EUR/USD and GBP/USD. They are the perfect target for morning Forex scalping.
Welcome my friend.... Glad to know people out here like my post.
I will surely try my best to share information which proves beneficial to everybody including me.
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