@BluePanther there's always the guy that wins in the lotto. Congratulations, you are one, at least around here. Mostly professional traders are busy working on their own stuff... And hey, these are all fully automated systems you yourself develop? Well done! 😎
Not everyone can survive profitably in forex. It is not easy. Only a handful number of people actually make it big here. They are the ones who stick it out in the long run. Most usually lose patience and give up eventually
ComebackKing posted: I've no idea why anyone would bother scalping FX. Why not just trade currency futures on the CME? 100% transparent and no real 'spread' like FX or stocks.
Well, I think it depends on the situations and laws in each country, and the monitoring institutes of brokers also matters. Some can ensure that your capital will not be used in other ways and help you to prevent 'The Black Swan'. However, not every institute protects customers' right and money so much. There are many frauds and people losing money by being duped in this market. Thus, the governments need to do something to protect their own people, but sometimes the foreigners not included. So we need to recognize the institute we choose and rely on them.
Forex is not profitable. It is market. On this market traders buy and sell various assets. Few of them are profitable, the rest is not. Very profitable is middlemen - brokers - whose are having profit from all transactions.
There is nothing which is able to reduce your frustration until make sure a trading discipline as well controlling emotions. We traders feel frustrated when we lose, and only due to lacking trading discipline and because of emotions we always fall a great loss.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.