Originally Posted by
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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.
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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