how to become a forex market conqueror

Why has the scalping topic started to come up so often lately? I hear about it everywhere. Another round of popularity, although this is biased. Scalping theories are highly dependent on market behavior. And as soon as it changes, the system immediately loses its position.

Don't expect to be such forex market conqueror, it is okay to dream but it is unhealthy obsession of trying to become one. Best to keep on practicing and get better

Unellene posted:
only with experience will you be stronger in trading, the main thing is to correctly analyze your actions and all your trades

I would even go so far as to say analysing your actions is more important than analysing anything else. self accountability is priceless in this business

Anyone can become a scalper if they put their mind into trading with a proper strategy and right timeframes, you cannot expect to become one if you are not experienced in trading.

ohmaria posted:
Anyone can become a scalper if they put their mind into trading with a proper strategy and right timeframes, you cannot expect to become one if you are not experienced in trading.

Agreed buddy!
Experience teaches it all!

I don't know, guys. I don't like the very essense of scalping, like lots of fuss for several pips, sitting all day long before the computer and watching charts. That is not my cup of tea.

well yes that depends on someone's interest, everyone dont like scalping and on the other hand a lot of people do. one should follow own instincts and interest.

Sallem posted:
I don't know, guys. I don't like the very essense of scalping, like lots of fuss for several pips, sitting all day long before the computer and watching charts. That is not my cup of tea.

Scalping is a bit risky move for the new traders.

indeed it is, but it is fun

It is not necessarily about scalping and what do you mean by conquering forex market? I think that it is better to trade longer than scalping with bigger lots. Thus you will be more responsible for your decisions and they will be more accurate and safer.

We need to realise that scalping isn't the only strategy in forex trading. I have been using day trading strategy for a while now and it has made me more profits than scalping ever would . Moreover to become a forex market conqueror a person should be a smart trader not a static one.

Scalping can be really profitable for some traders, but I think experience and knowledge about overtrading and other things can influence chances of success. I know a few people who hate scalping and therefore they use different strategies and other strategies while my other friends swear by scalping and they do very well. I think it all depends on various factors.

To be a winner in the market, one needs technical analysis skills, fundamental knowledge and emotional control. These three things are the key.

It's pretty easy actually, in case you know what to do. The vast majority of people who want to become a market conquerors, they're novices and it will be the most difficult task for them.
It's not easy at all in case you're a beginner. You have to dedicate lots of time to the process of learning and practicing. I can advice you only thing. Never regret of missing things, never think that you understand the market, it's not like that and never believe that you can easily earn money here. Just learn and practice as much as you can.