I believe that it depends on your definition of scalping. Some people trade for 1-2 pip moves off the tick chart, and some people trade for 10-20 pip moves off a 2-15 minute chart, and both can be considered scalpers. But typically, if you are ...

so i've lost half my capital

Scalping versus Short Term — I think the term "scalping" has begun to take on a different meaning, much like the term "daytrader". In the past, 'daytrading' (or scalping) was used to describe someone that bought and sold hundreds of shares of ...

What percentage profit per day IS possible?

Just my opinion: If you want to be successful, listen to everyone (you don't want to be rude) but only take the advice of people already successful. And by successful, I mean what YOU consider successful, because that is an individual thing (what I ...

Any advice for new guy?

Which indicators are you referring?

how to use the data at the Forex Factory for trading?

I think what Pharoah is trying to say is that the infamous "95%" is most likely made up of people that are not actually traders, but people that just 'call' themselves traders, and that skews the total failures, since when you are just learning, it ...

Is trading FX for living a myth?

You may consider editing your Contacts to allow PMs....

so i've lost half my capital

People can only teach what they know, so the teacher may have bad experiences with short time frames, but that certainly doesn't mean others are not very proficient at trading them. The 'correct' time frame is only defined as the one that you are ...

Which advise is correct?

Six of one; half dozen of the other... — I trade both stock/index options and currency and have found that they all lend themsevles equally to technical analysis. But if I had to chose the easiest to predict on a short term basis, it would be ...

Some Questions about Stocks VS. Forex

Excellent comments — HA-Pattern, I agree. I used that quote because I used to use it as an instructor (I did add the term 'unsuccessful' this time) with the point being that somone struggling with a concept is not the best person to help you ...

Where to start, I'm overwhelmed..

My 2 Pips Worth... — My recommendation is to not take advice from anyone unless they are trading a live account with full sized lots and making money consistantly (ask to see their results). Otherwise you risk being "taught" trading methods ...

Where to start, I'm overwhelmed..

I stand corrected. I just meant that the pro bass fishermen were actually making money while those not even competing were not. For me, I just think it better to get advice/training from someone actually sucessful in a given field rather than ...

Amount needed to trade for a living??

Apparently you are assuming that someone can not do both (teach and trade), but must chose one over the other. That is actually not the case. I have taught quite a few people the methods that work for me, several of those being from this forum. It ...

Amount needed to trade for a living??

I have daytraded stock and index options (OEX mainly) for many years and now also trade forex for the past few years. Although I enjoy option trading, each has it's own merit. I do think, however, that several items cause currency trading to be a ...

Options vs. Forex

Warning: I have a little different trading style than most on this forum. I use BB, EMAs, Slow Stochastics and RSI. I trade real money. I trade full size lots (from 2-20 but typically 5). I only set a stop loss to protect against a power outage. I ...

Aiming for pips or %

Actually, picking other people's brains is one of the best ways for a person new to FOREX to increase their base knowledge, provided they are only picking the brains of successful people (live account/full size lots/ consistant profits, not a demo ...

Chart periods and indicators

I doubt if that will ever be the case for a broker to do something as unethical as that. However, there is a way you can get into a trade and not really mean to do so: Let's say you sell the EUR/JPY to open a position and set a limit for profit and ...

Can a Broker put on a FAKE trade & wipe out your account?

Gone Fishin' — I think that trading Forex (even stock/index options for the most part) is a lot like fishing a B.A.S.S tournament: You may have a tackle box full of lures, but they are really only variations of just a few basic types. You ...

We're all saying the same thing

My advice for pug123 — Here is my advice, to do with as you see fit: 1) Learn to trade forex manually, with no EAs. That gives you the experience to understand how the currencies react under different conditions. 2) Don't try to make things ...

I have had enough :