Why scalping doesnt work........
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Thread: Why scalping doesnt work........

  1. #1
    Forex scalping is one of the most well-known procedures of making money on the net and involves day trading and accepting little regular profits which will eventually lead to huge gains over time. Let's look at forex scalping in detail.

    There is a massive business in forex trading systems and sellers promote them greatly on the net with track records which are quite simply mind boggling. The problem however is they don't work and you'll lose.
    These guys aren't traders in most cases, their only marketing businesses.

    As a trader for 25 years that I just laugh once I see headlines like make 700 pips per week but many innocent and greedy traders get taken in by forex trading marketing copy and its no laughing matter when they shed their money!

    So why doesn't forex trading or day trading work?
    Well if you consider it it's obvious:
    You have countless traders, trading trillions of dollars and to say you could forecast exactly what this massive mass of individuals will do in just a couple of hours is quite frankly ridiculous.
    Volatility can and does take prices everywhere in a day and support and resistance levels are meaningless - so you cant get the chances on your side and you cant win.
    Anyone who believes they can win has not attempted forex trading!
    So that you can't win longer duration?
    No you can't -
    Many sellers claim that you can forecast with scientific precision what's going to happen in forex -Really?
    If they could, they wouldn't be promoting forex trading systems - they would be to busy making money.
    Another point of course is if you can predict exactly what markets do beforehand then there would be no market as we would all know the solution beforehand, markets proceed on uncertainty and opinions and theres an investment fact.
    The sellers however do produce track records but their meaningless and not worth the paper their written on.
    Why?
    Assess the disclaimer and you'll notice the words simulated and in hindsight - therefore there done KNOWING the closing prices - how hard is that?
    You, me or anyone else can do that. There is a problem !
    In the actual world, you have to trade without understanding the closing prices and that makes things a little bit tougher.
    The benefits of forex trading are huge and its difficult to earn money - but if you attempt a strategy based upon forex trading, you are just going to get a lesson in how hard it is.

    THE GOOD NEWS!
    Of course, together with the benefits on offer you wouldn't expect it to be easy either and that really is excellent news.
    Leave the forex trading systems to the dreamers and lazy traders and do your homework and get the right forex eduion and that means trading longer duration and getting the odds on your side.
    It's possible to fad follow longer duration or do short term swing trading and both can make you money you just have to obtain a easy system to exchange the chances and in these time frames you'll be able to get the chances on your side.
    Forex trading can offer you gains which may be life altering and everything about forex trading can be heard by anybody, together with the desire to succeed and the right eduion.
    So if you would like to win at forex trading, then forget forex trading and exchange longer duration, get the chances on your side and you could soon enjoy currency trading achievement.

    __________________________________________________ __________________________________________________ ________--

    Okay, so you know.... This isn't my oppinion and I'm against these remarks. This is a post I found and within my usual nature I ignore things which don't agree with me, but for a single im going to comfront it....
    And ask for your own oppinions,
    Thanks
    Leon

  2. #2
    lmao dude. Tech called, says pay attention to me.

    Oh and anything under 4h is scalping noise. . but. .

  3. #3
    Leon I dont regree with the guide, I know a complete time dayscalper that resides from this and I have myself purchased eduion and really it works! . Its a matter to get money on the account to acordingly commerce without leverage and the time and patience to learn the game and once u think u have heard it learn more. I could se have traded for several years, have tryed daytrading? Some have it some dont even like other things in life

  4. #4
    Quote Originally Posted by ;
    You've got millions of traders, trading trillions of dollars and to say you could predict what this huge mass of individuals will do in just a couple hours is quite frankly ridiculous
    I'm unsure how it's any less ridiculous than attempting to predict what millions of traders will be doing in a week or monthly. The same supply/demand patterns look to all time frames. Trading isn't about calling but responding.

  5. #5
    Why scalping doesn't work....

    Because the majority of the brokers do not permit that. So Easy

  6. #6
    Quote Originally Posted by ;
    Why scalping doesn't work....

    Because most of the brokers don't permit that. So easy


    That is simple, is not it? And so true.

    Terry

  7. #7
    If your broker places restrictions on the way you exchange you want a new broker.

  8. #8
    Quote Originally Posted by ;
    If your broker puts restrictions on the way you exchange you need a new broker.
    Which is your broker Craig?

  9. #9
    Scalping rocks! ... for a few people, (including me), but maybe not for all. In's Bar my case, I had been comenting. After scalping in demo I started scalping in account with results. I read in several forums that scalping is risky, that 4 hour, daily, weekly charts are more easy, that scalpers loose of their money, and bla bla bla.

    I thought if I had been doing well in scalping, It was going to be much easier in longer timeframes (and having less risk of loosing my dollars like people from the forums state )... and guess what? I nearly lose all my money trading these easier, predictable and proffesional longer time frames.

    I have very dissapointed of that, I did not know what I was doing wrong... finally I chose to return , the very first times were difficult because I had to get used again to the dumb, chopy, ridiculous movements of the 5 minutes, charts... but now I am doing money again

    So, my decision is... you need to start looking for the egy that is most suitable for YOU. Listen to the advice of seasoned traders but take your own choice and create your own plan.

    One final information, in scalping the disperse and execution is quite but very veeeery important, I strongly recomend you to proceed with the broker that charges you the less pips per place, and of course, with one that allows you to own scalp, 1 pip is a lot of difference when you're scalping, therefore, if your account is with the slow or expensive brokers, better take your own money to additional one.

  10. #10
    Like this needs to test anyone who believes s journal!!!!


    Quote Originally Posted by ;
    Forex scalping is among the most popular ways of making money on the net and involves day trading and taking small regular profits which will gradually lead to huge profits over time. Let's look at forex scalping in detail.

    There is a huge industry in forex trading systems and vendors promote them greatly online with track records which are quite simply mind boggling. The problem is - they don't work and you'll lose.
    These guys are NOT traders in most cases, their only marketing businesses.

    For a trader for 25 years that I just laugh once I see headlines like make 700 pips per week etc but many innocent and greedy traders get taken in by forex trading marketing copy and its no laughing matter when they shed their cash!

    So why doesn't forex trading or day trading work?
    Well if you consider it it's obvious:
    You've got countless traders, trading trillions of dollars and to say you could forecast exactly what this huge bulk of individuals will do in only a few hours - is quite frankly absurd.
    Volatility does and can take prices anywhere a day and support and resistance levels are meaningless - so you cant get the chances on your side and you cant win.
    Anyone who believes they could win has not tried forex trading!
    So you can not win more duration?
    No you can not -
    Many vendors claim that you could forecast with scientific precision what's going to happen in forex -Truly?
    If they could, they would not be selling forex trading systems - they would be to busy making money.
    Yet another thing of course is if you could predict exactly what markets do in advance then there would be no market as we'd all know the solution in advance, markets proceed on doubt and opinions and theres an investment reality.
    The vendors however do create track documents however, their meaningless and not worth the paper their written on.
    Why?
    Assess the disclaimer and you'll notice the words mimicked and in hindsight - therefore that there done KNOWING the closing prices - how hard is that?
    You, me or anyone else could do that. Is an issue though!
    In the actual world, you have to trade without knowing the closing prices and that makes things a bit harder.
    The benefits of forex trading are huge and its not easy to earn money - but if you attempt a methodology based upon forex trading, you're just going to get a lesson in just how hard it is.

    THE Fantastic NEWS!
    Of course, together with all the benefits on offer you would not expect it to be easy either and that is good news.
    Leave the forex trading approaches to the dreamers and lazy traders and do your homework and find the ideal forex eduion and that means trading more duration and getting the chances on your side.
    You can trend follow more duration or perform short term swing trading and both can make you money you only need to obtain a easy system to exchange the chances and in such time frames you'll be able to find the chances on your side.
    Forex trading can give you profits which may be life changing and everything about forex trading could be learned by anyone, together with the desire to succeed and the ideal eduion.
    So in the event that you would like to win at forex trading, forget forex trading and exchange longer duration, get the chances on your side and you might soon appreciate currency trading achievement.

    __________________________________________________ __________________________________________________ ________--

    Okay, so you all know.... This isn't my oppinion and I am against those remarks. This is a post I found and in my usual nature I dismiss things which do not agree with me, but for one im going to comfront it....
    And ask for your oppinions,
    Thanks
    Leon

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