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No one can help you beside yourself, and that is right it is all about small pips and fast execution which make scalping is really one of the unique to trade. Some people stick with it because they think they earn big, but for me the most reasonable is that it is relatively easy to reach the pips target, it takes like less than 12 hours.

I think that not all traders like that, some are altruistic enough to share their strategy as whole to the others, well not all we only see minority of them, also some think that fx is too big and teach few of other traders won't hurt their earning later instead they get more people to going under them as student and get another income from teaching fee.

Forex for sure has biggest win in leverage and also its lower minimum deposit but if we want to talk about serious investment, i think that Forex has if not the equal amount minimum deposit. Another thing that forex wins is longer working hours which is non stop for the whole business days.

@gaban : In demo account learning about foreign exchange become less expensive since it doesn't use your real money instead use virtual money, so your loss and profit are both virtual. Demo account still important not just for experiment or learning place for traders, but the place to convince people to join in the broker.

Yes, i do agree with that the concept of don't know anything and know something will make differences in our live as forex trader. Back to the topic, so in order to make a living it is better to know the concept or the basic knowledge and then start off with get more experience that will help us in short and in long term.

It is not always the case but i think patience what makes us understand that effort seldom betray us but for me even your effort betray you never betray your efforts. Trading in forex full of surprises and sometimes nonsense from the market player. This thing should be mitigated by our risk management, and it is important in our trading as foreign exchange trader.

The key here is how consistent you are when making profit, money factory means that you must consistently making profit every period of time, mostly per month or at the extreme side per week. It is possible to think like that but the problem is how to realize this all. It need a strong consistency, enough capital, profitable and accurate prediction, last but not least a set of better risk managements.

In the long run a strong mental capability will help trader to establish theirselves as one of the best traders out there. Why? If you just lose few times and have quitter mental, you won't be able to reach that state. However, with strong mental capabilities you can survive from the harshness of foreign exchange market and even make your trading better.

Everything? It seems you are drunk. Broker will just give us the access to the market no matter if the market is liquid at that time or not. Liquidity in this issue is pretty much important as the part of moving price which made volatility in the market. This is why you see a lot of people prefer high liquidity currency such as EURUSD or USDJPY.

Yes in long run and guess what a great trader have a very strong discipline, they keep doing what they already proven as the best strategy and their effort for this discipline doesn't betray them. Discipline for me is not the most but one of the most important trait a foreign exchange trader should have.

Gold prices showed a rebound in Asian session Friday morning after North Korea fired a missile across Hokkaido, Japan, toward the Pacific Ocean. Responding to the report, the market was hunting for safe-haven assets including gold and yen. Spot gold rose around 0.1 percent to $ 1,333.79 a troy ounce, after dropping to its lowest level since Aug. 31 at $ 1,315.71 in the previous trading session. Meanwhile, gold futures for December delivery on the Comex NYMEX shot 0.46 percent to $ 1,335.36 a troy ounce. However, the gold rally is apparently not expanding; Three-way money with the Yen's rally against US Dollar. Because the market is preparing for this geopolitical possibility, so they do not panic and blindly buy safe-haven assets. There are a number of issues that are appealing to the market today. The reaction to the missile launch this morning, still undefeated by US inflation reported better than expectations yesterday evening.

Japanese Currency namely Yen strengthened against US Dollar, with its function as a safe haven, amid North Korean provocative action. On Friday session this morning, the country led by Kim Jong Un is back to make a mistake, that is deliberately fired missiles across the Hokkaido region, Japan. US dollar also sank against Yen, with the candle needle lows USD / JPY price had touched around 109,549 shortly after the news was announced. At for now, USD/JPY is rise back up to 110,130. The rapid recovery occurred because the market has been preparing to face missile test of North Korea since some time ago. So, when the country really executes, the market is not too surprised. North Korea missile fire across Japan this morning is the second since late last month. However, Japan is not trying to shoot down the missile and let it land 2,200 kilometers from the Pacific Ocean, according to a spokesman for the Japanese government.

Sterling jumped through 1.3500 per US dollar for the first time in 14 months, on Friday (15 / Sep) this afternoon. The reason is a statement from one of the Bank of England (BoE) officials who said it could raise interest rates next month. GBP / USD, which has gained about half a percent on the Asian session earlier, added its rise to a 14-month high around 1.3585. A rise of more than 1 percent came after Vlieghe made his comments. Not only against US Dollar, Pound Sterling also getting stronger against Euro with a decline of EUR / GBP as much as 0.9 percent to 0.8870. Vlighe's statement was quite clear. The reason yesterday, Mark Carney BoE also implies a fairly hawkish statement after announcing monetary policy, but still on condition. If the rise in inflation continues, then the stimulus withdrawal policy may be possible in the next few months.

Entering the end of Asian session on Friday this afternoon, US Dollar increasingly showed no indifference to North Korean behavior this morning. The US currency strengthened against most of the currencies and erased its net loss reached early in the trading session. USD / CHF is flat at 0.9627. Other safe-haven assets, namely gold, also showed no bullish extension with trading in the range around 1,326.71. Nevertheless, the market did not panic because it had predicted North Korea missile launch this impact will not last long in the market. Many analysts say that market expectations will be the short-lived impact of North Korean missiles due to sanctions from the UN some time ago. North Korea is unlikely to cause further deterioration of the yen, given that US CPI data yesterday was convincing enough to hike US interest rates again.

True it is light platform and compared to the other platform it is pretty much clean. Next, Adjust to OS? The only OS that supported universally by MT4 is Windows, adjust you said? Where is Linux or OSX support? and the last is Open Source. LOL, i don't know where did you get this information but MT is not an open source, it is a closed source platform, they offered to broker with fees.

As long as that way like selective withdrawal fits to your strategy and your long term vision about how you make money in forex , that is not a problem since there that is the matter how much money you want to compound, is that all of your profit or half or just some of it.

I think there is no other aside from this one that could separate a rookie from veteran. Also from the experience and some of their achievements already more than enough to tell how good they are, we don't need any more evidence towards this issue. Putting that aside people will feel safe when they invest in a veteran account isn't it? even that is through traditional way.

In my own opinion, our own experience is valuable enough for us as the starting point but we can learn from other trader's experience which will give us some kind of second chance to get better knowledge about forex. I've experienced something like margin call or even consecutive profit where my earning boost to 30%.

Yes this is totally true. Scalping based on my observation for few years is good especially during calm session where the price movement relatively easy to predict and to reach 10-20 pips is pretty much easy as long as we can read the trend. As for constant looking i think that is not always the case, if you can use SL that also could be applied to scalp right?

Even though i am using the same way where it is quasi automated trading, but people have different flavor to their trading system. For scalpers who after small pips profit will prefer manual trading where all in their control, also the time they need to reach their loss or profit target is relatively shorter compared to momentum based trader.

Because it is a scam purpose one we should be careful with that kind of broker. I wonder why we should be afraid of SL hunting on a reputable broker. If the broker we choose already show a signal that it will be like that, I would recommend to switch it. SL hunting is very bad practice from broker's side. If have a strong regulator you'd better ask the regulator.

Logically yes, you should do that since for living I think it is important for someone to know what they are trying to do, what are their goal and so on. In My Own Opinion, make a living in forex is a pretty tough way to live, but still rewarding for us considering the profit you got if you able to maintain your own performance which makes it worthy.

Well, that is for major pairs, the market has enough liquidity with them and as you can see there are fewer spikes but we still able to see a clear trend which may follow after the lack of liquidity for short period of time. But for exotic pairs the market doesn't have enough liquidity where the price can easily jump from one point to the other and after that stuck for a quite long period for more liquid.

All representatives of the broker they associated with surely will say that the broker they are using right now is the best platform ever. Even to some independent reviewers, they will have mid to small bias about this issue. To me FXDD is the best platform, it provides many kinds of terminal, but other brokers such as Interactive Brokers, with their own custom terminal.

They have the lower chance to survive thanks because of their bad risk management, and it is easy to lose with that kind of risk management especially in a risky business such as foreign exchange. The best way to survive in this business is by combine experience with the knowledge you have so far.