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    Thread: moneygrows's trading journal

    1. #1541
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      the professionals are much better when it comes to control of emotions. while the newbie scalper could trade without calculating the risks, a pro would go through the risk and see if the scalp trade is worth taking at all. if not, he keeps off the trade


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    3. #1542
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      Quote Originally Posted by maxiipus View Post
      scalping requires a great skill and also experience, that is because scalping usually use a smaller time frame to trade with so we need to be able to know when to follow the major trend and when we are against the trend that will requires more attention just to make the risk we take less and we can make our trade safer
      I tell people that scalping is not easy on its own. It might look easy to the eye but to get the best of this system requires good knowledge which will give us the best chance to manage our trading in a profitable means. Lots of traders have loosed in this method and get frustrated in their trade most of the times.

      To scalp here you need good practice to equip yourself and know what is likely going to work for you in forex. We have to understand that there is no easy success in forex and prepare to have a good trade.


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    5. #1543
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      Quote Originally Posted by flexilot8 View Post
      the professionals are much better when it comes to control of emotions. while the newbie scalper could trade without calculating the risks, a pro would go through the risk and see if the scalp trade is worth taking at all. if not, he keeps off the trade
      We are human so control totally our emotions is not possible I think. in this business we put our hard income money to make a business so we are always fear to loss our money in this business so that we are emotionally does not close any trade when we watch we are in wrong direction. many traders here to get MC many time for this reason and they always know the mistakes but after that again they do not control his emotions and mistakes happen again and again. our mistakes are common and same also it happen again and again many time in Forex market. in this case I think proper and perfect trading plan can reduce our bad emotion in trading market. thanks.


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    7. #1544
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      well maybe no one can completely control his emotions, but without deceiving ourselves some traders can control their emotions better than some others. one needs to practice along that line so as to become better in the business.


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    9. #1545
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      Managing emotion is relative to individual and differs. But it is a very good determinant factor in this field.How best a trader can manage his/her emotion is a measure of resultant discipline which is a requisite factor for success in our trading activities.


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    11. #1546
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      Quote Originally Posted by flexilot8 View Post
      well there is nothing bad in a newbie showing interest in the scalping system of trading. the newbie only needed to be guided by more experienced traders who scalp. besides, i believe self practice will be very important. this should be done in the demo
      You are right, there is nothing bad in showing interest in scalping whether you are a newbie or you are old trader in the market. But we should not have the mindset that it is only the new traders that are trading the scalping. The scalping is for all trader, and when you are a trader that is good with it, you might really enjoy it. We have to note that the scalping is a very risky way to trade the forex business also, the scalpers will try most times, but they will still lose their money because of the aggressive nature of the way of trading.


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    13. #1547
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      sure, scalping could be a good way of earning profits from the market if one learns to do it properly. one of the things to watch is the use of low lots. one should not be lured into using high lots just because one targets a few pips.


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    15. #1548
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      Scalping is a good and as we trade we should be patience, our problem we think it is a money making scheme, it is very bad for a forex trader not to be learned enough for the business, the newbies are usually interested in only what they can earned easily, even if we decide to scalp and then use money management, definitely we will survive longer, but on the circumstance where we are not giving the right focus to MM, then you can be sure of losing your money consistently, forex trading is not simple, hence we should be careful about our approach.


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    17. #1549
      I just can't quit pips!
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      Quote Originally Posted by ralph View Post
      well maybe no one can completely control his emotions, but without deceiving ourselves some traders can control their emotions better than some others. one needs to practice along that line so as to become better in the business.
      Agree with you dear ralph and it's true we can't totally control our emotions but I think if we make good trading plan, achieve good experience, skills, follow good money management, follow risk management and discipline on trading then we may control our emotions other wise we can'y control our emotions.
      I think emotions very bad, harmful and best enemy for all trader in Forex business because emotions can destroy our trading plan and discipline and bring big loss. So we should try to control emotions on trading to success in Forex market. Thank you.


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    19. #1550
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      Quote Originally Posted by catfish007 View Post
      You are right, there is nothing bad in showing interest in scalping whether you are a newbie or you are old trader in the market. But we should not have the mindset that it is only the new traders that are trading the scalping. The scalping is for all trader, and when you are a trader that is good with it, you might really enjoy it. We have to note that the scalping is a very risky way to trade the forex business also, the scalpers will try most times, but they will still lose their money because of the aggressive nature of the way of trading.
      scalping might seems really easy but in fact it is really not easy at all scalping requires a great trading technique and also experience because scalping can be quite stressful and also it requires a great technique because we will need to keep on analyze the market over and over again because scalping uses smaller time frame to trade with


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