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Very good answer, Mark, and very helpful. Thanks! -- Greg

Forex scalpers: How many trades do you enter per day? I'm just trying to get a feel for scalping forex. I've done alright so far (only about 6 plays a day though), but I'm just interested in hearing about what other scalpers do. Thanks for your help. --Greg

Position - two weeks + Swing - few days to two weeks Intraday scalper - minutes to hours Are these correct, and are there more? I really just need a name in my journal to differentiate 1 hour plays and maybe 12 hour plays (forex), but this is a topic my definitions have always been a bit...

So whoever did this trade got one wrong. Is there actually a point here?

That's possible. I'll email my broker and ask. Thanks.

You could get advice, but in the end real trading needs to be learned from within yourself. I would advise you to gather as much information and resources as you can, as well as tools, and start sifting through things. Knowledge is always taken more seriously when you realize it on your own...

Different exchanges or banks opening/closing? Please explain this to me. Thanks for your help, Greg

Ok lol I'll surrender the '87 crash, I don't know enough about it. But you say beating the market is taking what it gives you. Is the goal of trading not to take what the market gives you, but on shorter time frames in order to capitalize on overall larger aggregate moves? As long as good...

Being smarter than the market is just barely over saying that you are smarter than the average investor. I've read investing books, and man are most of them foolish. Peter Lynch was by far the best, but there was a lot of things he shortsighted himself on toward the end of his book. What's...

Awwww. Cute.

I agree with the intermediate top. Most of the pairs have hit resistance and support levels. It should consolidate (This is my guess. I'm not too experienced in forex, but this is the most predictable market around by far)

Virginia Tech. Major investment finance with possible minor or second major in management, depending on where my trading is (management is my natural skill, not sure if I want to work 50+ hour weeks in stocks for a company). I'll do a few programming classes on the sides so I might be able...

The EUR/USD wasn't a gap down? Hmm i still had my orders for that trade I talked about earlier in this thread. I thought it was a gap, so I emailed by brokerage asking why I made another 8% on my account. Ha!

Pegasys, I only ruled out ETF investing. I trade options with the SPY, DIA, QQQQ, IWM, EEM, XLF, XLE, and semiconductors (SMH I think) right now. I stopped doing individual stocks because I was entering too many trades and news risk is astronomical, even when you do the research to check...

Thank you for your wisdom, Cutten. I am doing my best with spending as much time as possible in the markets. Unfortunately, since most college classes are during the day, and all attempts to spare stock trading hours only left me a couple periods per day (I tried to leave 10-12 and 3-4 open...

If anyone else wants to mention Jim Cramer on a trading forum, please go somewhere else. Thanks.

How do the intraday gaps materialize in this manner? I believe that bids and offers come from banks or other market makers or exchanges (which exactly?) +- brokerage profits. So, do all the sources lower their bids and asks at the same time in the same day? Or, does one bid-ask exchange close...

Can anyone give me insight into real slippage? Many people tell me thsi is a big deal, but I haven't heard any detail. Forex, options, stocks... Normal trading, news, high volume, low volume... What should I be concerned about? I only trade forex and high-volume options (my list is only 35...

How often do these big moves from "comments happen?" I have decided a while back that 100:1 margin required a stop on every trade, no exceptions. In forex, will gaps be able to take me out on this kind of news or sudden turns? (Note: I also decided a while back that I don't hold any positions...

I understand that, but what causes this? News? Different exchanges opening/closing? Why? Thanks! -- Greg