I tried a number of times trying to judge the candlestick patterns but have miserably failed. I’ve spent agonizing hours analyzing the charts patterns and trends.
I tried scalping not once but twice and failed miserably. Is there any strategy for success? What I actually want to ask is whether it’s actually profitable?
The spread displayed on the screen was tight but my orders got filled a couple of pips. There were instances when my orders got rejected. Is it normal?
No, there is no such thing as the best strategy because it is not possible that all the traders would use a similar kind of strategy. If all the traders start to use one kind of strategy then how markets will function.
I think the best method to practically implement the knowledge which you have learnt from this specific book is to use it in demo trade, because then your money will not be at stake.