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    Thread: Benzone's trading journal

    1. #51
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      Quote Originally Posted by Benzone View Post
      Your observation about failure to profit from scalping is correct.I must emphasize here that only smart traders profit from scalping, traders should not think that scalping is as easy as it is presented.
      You are kind of discouraging traders about the scalping, but i do not like that. I do not trade the scalping though, but i like the situation whereby traders will be ever neutral with their comments about some trading methods in the market. It is natural that we can not like everything we know or hear about as traders, but we have to make sure that even when we do not like everything, we have to still train about them to know if we will later accommodate it or not. Forex trading will also be very simple when traders learn very well.


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    4. #52
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      Quote Originally Posted by ola4real View Post
      You are kind of discouraging traders about the scalping, but i do not like that. I do not trade the scalping though, but i like the situation whereby traders will be ever neutral with their comments about some trading methods in the market. It is natural that we can not like everything we know or hear about as traders, but we have to make sure that even when we do not like everything, we have to still train about them to know if we will later accommodate it or not. Forex trading will also be very simple when traders learn very well.
      you are very correct mr ola, i used to let people understand that this same scalping that seems like a way of getting failure in the market, many are scalping and are making thousands of dollars in the market, i think yes its risky and so is the forex market generally,some traders find scalping absolutely very comfortable to do, and some of them doesn't know hoe to set up a long term trade, so they get to do what they know how to do, understanding and knowledge is the most important in the market


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    6. #53
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      Hello mate,my recent comment on journal was not meant to discourage traders from scalping. Tell me, which aspect of forex is not risky ?The fact remains, anything worth doing at all is worth doing well .Traders that are interested can learn and get acquainted about how to scalp before they try out. We all found ourselves today in trading after relevant education. I sincerely believe with interest and passion ,anybody can learn anything worthwhile.


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    8. #54
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      For me, I want to say that scalping is good for trading if anyone knows that very well. I am not good at scalping trade. I am okay with the longtime trade. But yes, I am trying to learn about scalping trade. I do scalping trade in my demo trade account but I didn't make that much profit from that. So I leave scalping trade.


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    10. #55
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      Quote Originally Posted by Benzone View Post
      Scalping could be interesting if you know how to go about it.After identification of the direction of H4 of a chosen currency pair, wait patiently for H1 retracement,then use your 5M or 15M time frame span.Make your entry with 1M after careful calculation and close watch and exit at the end of your time span as the case may be. Depending on how good and smart you are,you may record nothing less than 1 to 50% profit at the close of H4. Let me wish you happy and eventful trading.
      i think scalping strategy is very profitable for every trader but it is not so easy for everyone. i dont used any scalping strategy in my account but if you can share your strategy with us in journal section then i will gain some knowledge for it. so please share your strategy with us.


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    12. #56
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      Quote Originally Posted by chakrabarty View Post
      i think scalping strategy is very profitable for every trader but it is not so easy for everyone. i dont used any scalping strategy in my account but if you can share your strategy with us in journal section then i will gain some knowledge for it. so please share your strategy with us.
      Many thanks for visiting this post and your request for clarification through chart.Before very long I hope to respond tentatively so that a clearer view of my idea will be highlighted.


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    14. #57
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      Quote Originally Posted by Benzone View Post
      Hello mate,my recent comment on journal was not meant to discourage traders from scalping. Tell me, which aspect of forex is not risky ?The fact remains, anything worth doing at all is worth doing well .Traders that are interested can learn and get acquainted about how to scalp before they try out. We all found ourselves today in trading after relevant education. I sincerely believe with interest and passion ,anybody can learn anything worthwhile.
      i think scalping have bad risk and reward. but we can minimize risk using money management. The one cause of losses is many people don't want to learn, so if the learning could be done and then we don't really put more time in thinking about the money then for sure the money will come with ease, so evidently, the best way to succeed in forex market is going for the knowledge mostly. the best thing is for traders to make sure that they are fully engaging in the right trading setups when they have fully understood the way the market is working, and they will use what they know for their trading advantage.


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    16. #58
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      Unpredictable nature of forex market often times erode our confidence ,make a nonsense of our analysis times without number.This is the reason why market fluctuations should not be underestimated.Giving the aforementioned the correct perception it deserves,tools for better risk management should not be ignored in our trading activities if we are bent on achieving the purpose of our chosen career in this field.


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    18. #59
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      Quote Originally Posted by sonibark View Post
      you are very correct mr ola, i used to let people understand that this same scalping that seems like a way of getting failure in the market, many are scalping and are making thousands of dollars in the market, i think yes its risky and so is the forex market generally,some traders find scalping absolutely very comfortable to do, and some of them doesn't know hoe to set up a long term trade, so they get to do what they know how to do, understanding and knowledge is the most important in the market
      Yes there are many Forex traders out there that have been making tens of thousands of Dollars in the Forex business as a result of using the Scalping system correctly. A trader needs to know that at the end of the day, Scalping or any other Forex strategy can work wanders in aiding a trader who can use it to make profits.


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    20. #60
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      Quote Originally Posted by ola4real View Post
      You are kind of discouraging traders about the scalping, but i do not like that. I do not trade the scalping though, but i like the situation whereby traders will be ever neutral with their comments about some trading methods in the market. It is natural that we can not like everything we know or hear about as traders, but we have to make sure that even when we do not like everything, we have to still train about them to know if we will later accommodate it or not. Forex trading will also be very simple when traders learn very well.
      Yes, it is not a good thing to discourage traders, what you are not using, another traders might be using it well, there is no point in discouraging traders to try their luck on what you do not like. There are many trading strategies that have been neglected for this reason...


      Quote Originally Posted by sonibark View Post
      you are very correct mr ola, i used to let people understand that this same scalping that seems like a way of getting failure in the market, many are scalping and are making thousands of dollars in the market, i think yes its risky and so is the forex market generally,some traders find scalping absolutely very comfortable to do, and some of them doesn't know hoe to set up a long term trade, so they get to do what they know how to do, understanding and knowledge is the most important in the market
      I do not think that scalping is a way to get failure like you have quoted. You should learn how to scalp the market, and i am certain that this will change the mindset you have about the scalping totally. I am scalping, so i know what i am saying, just learn the scalping way my friend. @ola4real may not know how to scalp very well....


      Quote Originally Posted by Benzone View Post
      Hello mate,my recent comment on journal was not meant to discourage traders from scalping. Tell me, which aspect of forex is not risky ?The fact remains, anything worth doing at all is worth doing well .Traders that are interested can learn and get acquainted about how to scalp before they try out. We all found ourselves today in trading after relevant education. I sincerely believe with interest and passion ,anybody can learn anything worthwhile.
      You are so heroic for coming back to refute the expression that traders thought you gave. I know that scalping is good, and no trader can ever discouraged me about it. i am trading the scalping, it can not be bad. If it is bad, i will know and i will admit it on my own...


      Quote Originally Posted by princeandy4 View Post
      For me, I want to say that scalping is good for trading if anyone knows that very well. I am not good at scalping trade. I am okay with the longtime trade. But yes, I am trying to learn about scalping trade. I do scalping trade in my demo trade account but I didn't make that much profit from that. So I leave scalping trade.
      You are very wise, the scalping is good, traders have to know this, and also write it at the back of their minds. If the scalpers are so good, they will be making money in the market. It is the traders that want to make money very fast, but lose are the ones that are making claims that scalping is not good.


      Quote Originally Posted by chakrabarty View Post
      i think scalping strategy is very profitable for every trader but it is not so easy for everyone. i dont used any scalping strategy in my account but if you can share your strategy with us in journal section then i will gain some knowledge for it. so please share your strategy with us.
      Nice one, scalping is very profitable my friend, the traders that will make their money with the scalping are the traders who know how to scalp. I have being reading both good and bad things about the scalping. But personally, i know it is good to scalp the market when you know it.


      Quote Originally Posted by patrech View Post
      i think scalping have bad risk and reward. but we can minimize risk using money management. The one cause of losses is many people don't want to learn, so if the learning could be done and then we don't really put more time in thinking about the money then for sure the money will come with ease, so evidently, the best way to succeed in forex market is going for the knowledge mostly. the best thing is for traders to make sure that they are fully engaging in the right trading setups when they have fully understood the way the market is working, and they will use what they know for their trading advantage.
      You are so wrong, scalping will never have bad risk and reward ratio, no strategy would have that, it is the traders using that strategy that will try to enforce the correct risk to reward ratio to it. No trading strategy will manage itself, it is the traders that should manage theme effectively.


      Quote Originally Posted by GhostMode View Post
      Yes there are many Forex traders out there that have been making tens of thousands of Dollars in the Forex business as a result of using the Scalping system correctly. A trader needs to know that at the end of the day, Scalping or any other Forex strategy can work wanders in aiding a trader who can use it to make profits.
      God bless you for this!!! There are many traders that will not do anything in the market aside the scalping, they are making money, and they will plan their trading account better. The scalping is delicate and risky also, but when traders plans a good strategy and risk management with it, it will be so easy and plainly giving income to the trader....


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