Recent content by Trankuility

Hey guys, been a while since I've checked in here. But here I do be! hah. Anyway, got a quick question for the newbie Forex scalpers here: What is the #1 thing you struggle with when it comes to Forex scalping?

Thanks guys but I was asking about the news events that affect Stock prices, not Forex. I originally posted this in the Stocks forum but it got moved here.

New to Stocks but I've traded Forex. In Forex there are days when certain types of news announcements can be counted on to affect the market drastically. So much so that I would make sure I was out of the market while the news hit. Do stocks have those types of announcement days, and if, what...

Sherdog member?

If you're serious about trading, then make it work. I, too, am not a morning person. Since I was a child I've gone to sleep late and slept in as much as possible. In the past, on weekends I'd often sleep until 2pm. I live just outside San Francisco. I work a full time job M-F 8am-5pm. My...

^^^ Incorrect sir. What it leaves you with, is as someone else mentioned, is many small losers, many small winners, a moderate amount of medium winners, and few large winners. Big difference. heh, yeah, that's another way of putting it.

This. In my mind I have always seen it as "When in profit, hold it till you can't breath any more. If price moves against you, get the fuck out." Same thing really.

I wash my face, meditate for 20 mins, eat breakfast, turn on some chill music, mark my charts, be aware of upcoming news events, then I try to get a feel for what price is doing.

I trade NY session over here in San Bruno. Then I go to my day job. I used to live in Fremont. Like that area.

I scalp. I don't have a hard daily target, but I do use a loose guideline of 3pips daily. So I know from experience that it can be done. However, you did this on demo? Then it means nothing. Do it consistently with real money then make a post.

Well no shit. Of course it's cheaper, not sure why a thread was needed. Oanda typical spread .9 - 1.2. MB Typical .7 - 1.0 + Commission. If you use limits, then yes, MB is much better. But I have been unable to use limits when I scalp. So I stick with Oanda. For scalping, Oanda is the...

Start trading with real money, if you haven't already. And watch watch watch. Observe with intention of exploiting the market but keeping yourself focused and emotionally stable. Then you'll find out for yourself when you should be patient. No one else can tell you when you should and...

I trade Forex and going for a small amount of pips (1-25) using leverage is my preferred method. I use an ECN which of course charges a commission. So each trade I have to pay the spread + commission, which eats a bunch of profit. I've heard some people mention that trading futures or...