Archive for the ‘day-trading’ Category
Forex Day Trading and Scalping – a Guaranteed Way to Lose your Money Quickly
August 17th, 2009 Posted by: admin
I have been involved in trading forex for 25 years and still amazes me how many people think forex day trading or scalping makes money – it doesn’t its simply the dumbest way to trade and will lose you your money. Let’s examine why.
Countless millions of traders trade trillions of dollars each day and it is impossible to determine what this mass of people will do within such a short time span as a day or a few hours.
Support and resistance levels are meaningless as volatility can and does move prices anywhere in a day session. If you don’t believe me lets look at the proof
The first question you need to ask Read the rest of this entry »
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