I think weekly is okay, you can use your weekend to make any evaluation for your trading activity, so the next Monday will be your new day with new strategy.
Thank you for the advice, Sir! Every week the evaluation turns out to be a good result, trading becomes better and well-planned.
Okay, keep spirit and my next advice, you can post your result here in portfolio section so the other trader will know your result and we can share and talk about it.
It's easy if you have friends to discuss with. Easier to say that having an active Forex mentor would be much better since you can follow his steps towards the market
Scalping strategies can be very stressful and high risk, especially for beginner traders who have not yet finished learning forex. Especially if the number of lots is large. Earning small amounts of profit may seem easy, but making sure to get them consistently isn't easy.
Scalping can be a good trading strategy if you can put most of the orders in profits. Since it has worse risk/reward ratio, you need to put better accuracy on the trades, like 95% at least.
Traders with scalping techniques can get big profits if all the analysis applied is accurate, otherwise, they can lose big if they are wrong analysis. So it must be carefully prepared.
This is the one to take one, you just need couple of hours to concentrate on the market, no distractions, no other things that may put you out of your focus on the market and your trades when doing scalping.
Yes, Sir! Sometimes the focus is lost because the market doesn't match the analysis, do I have to immediately cut losses or wait until hit a stop-loss. I really still need a lot to learn in the forex business.
You may be wondering how you can trade forex with ease, without the hassle of complicated terms or "advanced" techniques. All you need is patience and a little thoroughness.
After the election period is over, is it currently suitable to use scalping techniques in our trading?
It would be so. I don't think it is suitable for scalping by now since it is almost the end of the year, also, never put your trade overnight to avoid any gaps. Just like what happened to GBP this Monday.
Ah yes.. What happened to GBP is awful. Thank you for your suggestion, maybe I don't want to trade overnight. Beside there is any gaps, there is any swap fee.
Thanks for the advice, using scalping techniques on the GBP or USD pair for current conditions doesn't seem good.
I would rather avoid USD since the heat on the country itself is still there. GBP is still good to scalp, though. Just choose the right one for you and focus on it.
Nice Info, Sir! Is it permissible and safe to use scalping techniques on multiple pairs? Or should I focus on one pair, sir?
If you intend to start a trading business and learn Forex, of course you must understand and get to know forex from scratch, including the basic theory of forex trading or commonly referred to as "Forex Trading". But maybe you are still confused about how to start to learn everything about Forex. The first thing you should learn is about the basic techniques of doing Forex trading.
Okay Sir. Currently what is still understood is only the basics of trading, it is still in the process of further learning, especially about the indicators I have to use.
