Im quiting this journal now.
I hope this thread will encourage people that it "may" be possible to consistently earn money in forex.t
My final words are:
long term: may be possible to earn consistenly,ivnt succeeded. However, i think it requires more experience, and skills than short term trading. Not possible to be as profitble as a good scalpers.
scalping: you are always having extra risk,as you are exposed to sudden quick moves. This is inherent, and a bit of a problem to circumvent. There are clues to identify high volatility, however, at my experience and knowledge right now, im not able to fully able to protect myself yet these occurences. However, if you are profitable, they may only wipe away 1 weeks hard work, plus,always 50% chance that it will be a loss. SO rare, and 50% chance of loss when it happens, plus being able to get out relatively quickly, if you watch prices all the time, and know some strategies to identify higher volatility.
and final conclusion for being profitable:
there are hundreds of variables that affect priceds. ALl about probability. THe more of them you see, the better. Since there are hundreds of variables, its about having a feeling or, as i would like to call it, making an overall judgement.
I hope this thread will encourage people that it "may" be possible to consistently earn money in forex.t
My final words are:
long term: may be possible to earn consistenly,ivnt succeeded. However, i think it requires more experience, and skills than short term trading. Not possible to be as profitble as a good scalpers.
scalping: you are always having extra risk,as you are exposed to sudden quick moves. This is inherent, and a bit of a problem to circumvent. There are clues to identify high volatility, however, at my experience and knowledge right now, im not able to fully able to protect myself yet these occurences. However, if you are profitable, they may only wipe away 1 weeks hard work, plus,always 50% chance that it will be a loss. SO rare, and 50% chance of loss when it happens, plus being able to get out relatively quickly, if you watch prices all the time, and know some strategies to identify higher volatility.
and final conclusion for being profitable:
there are hundreds of variables that affect priceds. ALl about probability. THe more of them you see, the better. Since there are hundreds of variables, its about having a feeling or, as i would like to call it, making an overall judgement.