"You say that divergence is bad because it appears when the indicators fail" Wrong. I do not "say" that. I say (or wrote for the literate people) that divergence is just an example of whatever indicator you're using failing (or lagging). Your ...

Is divergence trading an effective approach?

I'm bemused that so many people think this sh*t works. Divergence with its fancy name is an example of when your indicator fails, nothing else.

Is divergence trading an effective approach?

Absolute nonsense.

Fibonacci-based tools: Surely nonsense?

With all due respect Joey, the title of the thread is "share your trading story" and I see no mention of trading being your only source of income being a prerequisite... in order to contribute. Anyone with anything real to say will add value.

Scars Of Truth - Share Your Trading Story

People like dancingphil muster the same emotional response as salesmen who sell land on Mars. A pathetic cretin who can't come to terms with the reality of being a fake and instead chooses to live in a fictional world of grand tales preying on the ...

Do scalpers make money in the long run?

In the UK we have tax free savings vehicles called ISA's which can be used to trade stocks via. The current limit you can deposit per year is circa 12k soon to rise to 15k and any profits are tax free. By using ETF's listed on primary exchanges like ...

Do scalpers make money in the long run?

I'm referring to your salary and life situation. I earn around the same as you and I agree it doesn't go far when you have an expensive lifestyle, It's also difficult fitting in a trading routine around a relationship, a full-time job and a social & ...

Do scalpers make money in the long run?

Personally I think having a target is a waste of time, you can't tell the market what you want to earn. Essentially anything above 0% is a good return for the average retail trader, most can't get that.

Do scalpers make money in the long run?

Pathological liar.

Do scalpers make money in the long run?

I feel your pain. My circumstances are similar to yours and the prospect of making 30% a year on 10/20k isn't very attractive but if you think longer term... say 2-3 years then it gets more attractive especially when you regularly contribute to your ...

Do scalpers make money in the long run?

I respectfully disagree, 2% a month will yield a healthy return of 27% annually when compounded. Most investors would bite your hand off for this return.

Do scalpers make money in the long run?

In my opinion, you have just described the real "holy grail". Your posts and opinions are very much aligned with my own, good stuff!

Do scalpers make money in the long run?

Spot forex is actually closer to $2 trillion a day.

Do scalpers make money in the long run?

My original example was used to show how liquidity works when you enter the market as the previous poster JM was implying you can't just scale due to liquidity so we are talking about two different things here. On your point... yes you're right, not ...

Do scalpers make money in the long run?

That's a bit like saying: I could cure my terminal illness in one shot but instead I choose to just take enough medicine to keep me alive 24 hours, every 24 hours... because I'm comfortable with that dosage.

Do scalpers make money in the long run?

Okay so you're basically missing the part where I say likely but not guaranteed for the reasons you state. As for someone selling at the same time as you are buying.... this is how any trade takes place.

Do scalpers make money in the long run?

Can you expand upon your scaremongering opening sentence? The numbers are not unbelievable I agree... but the returns statements most definitely are. As for success stories being attacked, I can't comment but I'd take a guess that resentment can ...

Do scalpers make money in the long run?

JM, you seem like a rational person so I will break it down for you. Lets imagine dancingphil is trading 500 lot positions (which he isn't).. but if he was in some magical world then he would be holding 500x100,000 = $50mln position in currency. In ...

Do scalpers make money in the long run?

dancingphil... please don't assume that because the username I'm using was registered 12 months ago also means I've be frequenting these forums and others alike for the same period...because you'd be assuming incorrectly. Screen name registration ...

Do scalpers make money in the long run?

200% on a 10k account now. He could buy the world in 6 months. WAKE UP PLEASE

Do scalpers make money in the long run?