I am a scalper myself, but let me explain that a scalper's biggest obstacles are wide spreads and order delays (re-quotes, off-quotes...etc). In other words...execution risk...The lower the execution risk is, the better and more profitable scalper ...

Who is making profit in the forex market?

Exactly

Who is making profit in the forex market?

Don't worry about brokers going out of business too soon, if they've earned a bad reputation. They can still get more clients. How? Very simple...Since the broker already earned like thousands or even millions of dollars from his clients, he can use ...

Who is making profit in the forex market?

Let's say that I have a consistent scalping strategy that gives me like 8-10 pips on average, Why would I trade with a broker that could widen their spreads or delay my orders anytime? If they widen their spreads, I lose significant amount of my ...

Who is making profit in the forex market?

If that's true, Where were the CySec ppl when IronFX cheated 150-160 Chinese traders out of millions and there's a legal case in one of Cyprus courts running...Even worse, I know one of the biggest IronFX IBs in the middle east and he used to trade ...

Who is making profit in the forex market?

You won't be able to scalp safely knowing that your broker can widen spreads, re-quote you, arbitrage your orders or even delay it ( you know that a few seconds delay could make or break a scalper)...To be honest with you, I don't feel safe at all ...

Who is making profit in the forex market?

The scam part is that market makers don't wanna play fair...If you're losing they're happy, If you're winning they'll give you slippage, re-quotes, delayed orders and they'll arbitrage your orders too...They don't mind everyone losing, but they ...

Who is making profit in the forex market?

I agree with you...trading with a prime broker requires more money, but it's way way better and safer than retail brokers, I know because I've tried it myself...There's a suggestion though...Since most retail traders wouldn't have big amounts of ...

Who is making profit in the forex market?

Ever wondered why did retail forex brokers multiplied in numbers during the past few years? You search on the internet for 'forex brokers' and you'll find hundreds of them...That's because it's cheap to be a forex broker; you can get a white label ...

Who is making profit in the forex market?

LMAX and Currenex are real ECNs. It's not always easy to tell which is which, but as a rule of thumb all popular brokers among retail traders are market makers... examples: FCXM, forex.com, FX Pro, Alpari, Exness,IronFx, FXDD, Swiss Quote, ...

Who is making profit in the forex market?

This video is pure gold, my friend...Thank you for sharing " Knowledge doesn't equal understanding."

Do You Know Any Millionaire or Multimillionaire Forex Traders?

I never heard about this before, but let's say that I agree with you...What about Ed Seykota and Richard Dennis? Did they cheat too?

Do You Know Any Millionaire or Multimillionaire Forex Traders?

Have a look on the attached PDF...The eur/usd thread could be useful too. url

Does Retail S/D affect the interbank market?

Ed Seykota, Richard Dennis and Larry Williams are successful traders...Ed Seykota was using a trend following approach, Richard Dennis was using a simple trend following strategy... "Larry Williams won the 1987 World Cup Championship of Futures ...

Do You Know Any Millionaire or Multimillionaire Forex Traders?

The same odds were against George Soros, Ed Seykota, Richard dennis, Larry Williams, Bruce Kovner...etc yet they managed to make millions or even billions...Don't just focus on the negative side of things...Yes, we know that the odds are not in our ...

Do You Know Any Millionaire or Multimillionaire Forex Traders?

Understood...Thank you for the open-mindedness. It's really a pleasure talking to an intelligent lady

A year and a half experience and still facing difficulties

I disagree with Xela...The introduction of algo trading to the markets has changed market structures dramatically...Alot of professionals/institutions went algo or at least hired someone who could do the job for them...Of course not all pro traders ...

A year and a half experience and still facing difficulties

10,000 hours?! That's just too generic...Trading is not that easy...You don't just get good at it by increasing your practice time....It's more complicated than that...It's a combination of factors... Persistence at the top of the pyramid, passion ...

A year and a half experience and still facing difficulties

If you're looking for a long-term approach, I think you'd do better constructing a portfolio of assets to beat the inflation over the long-term and also appreciate in value over the years...To be honest with you, I wouldn't hold any specific ...

Forex and value investing

Trading is a profession and a serious business...You take like 7 years or so studying to be a doctor, Do you consider yourself a doctor after studying for 1.5 years? No. Trading is a difficult business. It's simple, but not easy!! So you need a lot ...

A year and a half experience and still facing difficulties