I have seen on order to my trading experience in spite of a profitable trading policy scalping cannot use in a reputed trading broker, so, we the traders who are particularly scalpers have to choose the broker which for all time permits scalping including lowest trading spreads. Practically despite of good trading knowledge that’s not possible at all to make profit with certainly by scalping without lowest trading spreads. so, we scalpers have to be careful when choosing a broker.
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There are many kinds of trading strategies in this market place nowadays, but from all trading strategies nowadays scalping is mainly considered as a most usable and profitable trading policy that brings profit in a short time. but practically in spite of a profitable trading policy scalping cannot use in a proper way due to many restrictions at any broker in particularly who are regulated.
Mohammadi posted: There are many kinds of trading strategies in this market place nowadays, but from all trading strategies nowadays scalping is mainly considered as a most usable and profitable trading policy that brings profit in a short time. but practically in spite of a profitable trading policy scalping cannot use in a proper way due to many restrictions at any broker in particularly who are regulated.
Many novice traders are trying to scalp the market believing it is easy. In fact it is not difficult if the trader have build and keeps discipline and strictly follows risk an money management plan :)
You can find a successful trading strategy from various sources , but if you want to get maximal result by your trading strategy first of all you have to make sure real money managing plan , otherwise that’s not possible at all to make profit with consistency despite of having most successful trading strategy.
StanfordB posted: What are these 'various sources'? I have tried to find a good strategy for years and never found one that works consistently
What you are looking for is a statistical edge. If you are looking for a sort of red light, green light system then yes, it may work but only for a period. Financial markets will catch up to these types of edges and over time they will deteriorate. There are MIT guys on the problem, they have algos running to find little edges like this.
If you think that running some sort of MA crossover system or RSI, Stochastic, etc or a combination of these will work - it won't. Markets can be traded profitably but you must understand the nature of markets, the auction process, market structure and price action. These principles can be applied to all markets and all time frames. You're not going to be able to Google some sort of system and then use it like an ATM machine. I mean, realistically, what are the chances that some person is going to put something out in public like that? If you had a profitable system, would you just share it with the world? If you did, your statistical edge would disappear.
What you are looking for will take years and years of study. You will need to build skills and experience. Maybe it will take you 10 years, 15 years and maybe you will never reach your goal. That's the reality of trading. Not everyone can be an astronaut or a professional sports player or a concert pianist. It's just the way things are. The longer you look for the holy grail of a system the longer you delay your development as a trader.
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