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2/65
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All of us get opportunities in the market where we feel we can profit quite a lot of pips. Though the opportunities for large profit come far and few it keep coming nonetheless . All we how to do is have a trade setup which can identify this opportunities and bring home the profit. From my personal experience in trading I realized each currency pair gives at least 3 to 4 trades a month where there is a probability of price moving in our direction for at least a percentage point. Now this opportunity can come at point in time either in day or at the middle of night. It shouldn't happen that we miss out on such opportunities simply because we were not looking at charts or say we were in deep sleep.
To take care of this and many other limitations of manual trading Dukascopy has provided us Visual J Forex platform using which we can automate our trade setups and then run them on either our own private server or on Dukascopy Remote servers. So I am thankful to Dukascopy for giving me the peace of mind while my money in the bank keeps increasing on it's own.
Lets now look at how it's done.
First of all you need a trade set up which is consistently profitable over a long period of time. …
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Yulia10 avatar
Yulia10 30 Apr.

great

ivanbgd avatar
ivanbgd 19 May

nice article

Chilli avatar
Chilli 8 June

interesting article

Nomi avatar
Nomi 8 June

good work

TelisHellano avatar

well done!

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7/69
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Scalping is hard. It takes a lot of time, it can be emotionally draining and extremely stressful. And if you’re not careful with your risk control scalping can ruin your trading account. But there’s a time and place for every trading style and sometimes scalping should be your system of choice.
You Need Rules!
Scalping requires a quick mind and fast fingers. You need to have rules for both entries and exits, as well as for your risk management (more on this below). These rules need to be clear, simple and easy to follow. There must be no room for second-guessing yourself or thinking too much. In scalping, there’s just no time to analyse the charts to death and you can’t work out a plan after you enter.
Setting Up Our Charts
Time to setup our charts. My one minute system uses three indicators, two moving averages and one oscillator. For the Moving Average click on ‘Add Indicator’ in your J-forex platform, then open the ‘Overlap Studies’ folder and pick ‘MA - Moving Average’ from the list. The default values here are Simple Moving Average applied to the closing price, so you only need to change the initial value from 30 to 25. Now repeat the same process and add a second SMA with a v…
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fxsurprise8 avatar

miriam1313 Enju OlgaBLR Thank you ladies!

fxsurprise8 avatar

As always, I'm open to any questions you guys might have.

khalidamassi avatar

seemed excellent, good luck

Yulia10 avatar
Yulia10 14 Jan.

very interesting

Sveetlana avatar

well done!

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30/52
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TRADE AND BECOME A MILLIONAIRE IN SHORT TIME- A BIGINNERS DREAM
It begins with a dream of an easy way out to making money, I mean lots of it. It was the same for me when I started trading forex. I thought I finally found a convenient way out of poverty. It is good to dream and dream big but dreams are always dreams. Some come true and very many do not.
When I started trading in 2011, I was damn broke as hell. After a few lessons on trading and demo account practice for a few weeks, I felt I was ripe enough to trade live. I invested 3000USD of my hard earned savings. I made my calculations and thought, I was on the verge of hitting it big. This feeling gave a very positive energy of life and I just found myself smiling all the time. (of course I will be rich soon). However, after just two weeks of live trading the scale fell off my eyes when my initial deposit of 3000 USD evaporated up to 90%.
But is it really possible for a traders (professional or amateur) to have only winning trades??This is the question on every beginners mind. I also erroneously thought one could have only all winning trades. This is practically impossible even in only one month of trading.
BUT HOW CAN ONE BE S…
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rh6899 avatar
rh6899 7 June

confirmed and will might be confirmed soon
crossed and will might be crossed soon

waiting confirmed and crossed happen is exhausted (who said it is a fun job? there is no fun in any job)
hoping will might be confirmed soon or will might be crossed soon is expensive (this must be the first lesson for a trader and must be train for this condition a trader must pass this test first)
when it is confirmed or crossed but not perform this can be fix and we spot it soon

JockPippin avatar

If trading isn't boring ..then you are doing it wrong ...A waiting game and positions that don't get your heart rate up even when it's falling before your eyes means you got your money right .It shouldn't be exciting it should be mundane and calculated .Nice to hear a story from a guy that's put his money where his mouth is  instead of some nugget winning the article contest that's  never traded for real and telling me about waves and candlesticks :)) .

nobleline9 avatar

Hi JockPippin, Yes trading is sure boring and not as easily lucrative as some seem to make of it.

JockPippin avatar

People are scared to lose and get a few scars to the wallet and run away but this game is a high risk of loss ...If your'e  scared of heights then don't sky dive as a hobby :))) . The money is sweet when you get it right ...no doubt !! ,It's how you handle your losses that determines if you are a good trader ...If you break even in this game you can consider yourself a winner :)) .

scramble avatar
scramble 9 June

Many many times I feel like trading is just about knowing deeply yourself and your limit. Most of the times you will have to buy the falling price, or sell the rise.! Think about... how many times did it happen? You buy the rising price just to get the extreme peak of a multi days downtrend? So extreme that the ask price is not even covered by the candle in the chart? And how many times did you give up waiting for a move to come, just to realized you left exactly when the move started? Trading is a business: you have to buy CHEAPER. And sell HIGHER. The trend is an human illusion. That's it.

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21/46
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Aggressive scalping and tight stoploss
Abstract: In this article I will try to explain my methodology of trading, the tools I am using and techniques involved. The main stress will be put on the stoploss, how to us it better and how to continue after being hit. Some basics on the scalping will be explained and how to avoid over trading and overconfidence. Other important factors like forming of channels, wedges and bottoms and tops from patterns will be also given.
Basics:
Scalping is method for trading in which your target are just several pips, if we are talking about numbers let’s say not more than 10 pips (EUR/USD) or between 2 to 5 pips. This method is widely used because traders hate to stay for a long time in a position and being under stress. Usually in volatile periods this method gives us exit at about seconds to 5-10 minutes maximum.
Stoploss is the most discussable factor in trading. All the books tell you that it is very important and you should always put it in your trade. I am sure everybody knows what it is. In 2 words this is the level at which you are prepared to take loss (usually traders put it very, very far from this level and this is the reason everybody are …
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Likerty avatar
Likerty 17 Mar.

I've tryed vorious scalping approaches in the very beginings of my trading years and it ptoved to be a difficult task.. Main problem is that scalping makes trading very expensive - lots goes to the spread and volume commisions and very little left to equalize losses..

Olga18375 avatar
Olga18375 18 Mar.

Useful and very informative! Good work

driven avatar
driven 21 Mar.

Thanks for the article, Georgi. I have to admit that I am extremely skeptical of the possibility of being long-term profitable through scalping, though. You not only have to overcome the spread and commission on every trade (as well as occasional slippages), but you also have to overcome all the quants that banks have employed to continuously identify and exploit these opportunities. And they have access to expensive software and high-speed internet lines. May I ask how long you have been scalping?

megajorko avatar
megajorko 21 Mar.

Thank you for your comment Uri, in reality I hate scalping. I am scalping when I am nervous and lost control. I really would like to know exactly how this software works, how it detects every scalper, because it is really impossible to win the fight against it. I started with scalping in my days when I was newbie. After this I have developed very good money management and stopped scalping. But unfortunately I got hit with more than my ordinary negative count of trades which means that I am still newbie. And after 3 years of successful trading I end up again scalping and losing all

Airmike avatar
Airmike 25 Mar.

for those who try to scalp a fx market just two issues to think about.

Do you see orderflow ?
Do you have ultra low commissions ?

you can not win a short term war against market makers , because probability is on their side almost all the time.

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29/47
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BackgroundWhen you start trading it is always a question on strategy. One could consider why close negative positions and decrease your balance. Why not to wait while position turns positive, close it and increase your balance instead. Seems quite good. But is it so? Possible strategyIt is quite clear that if you open one big position which takes all your margin and if market goes against you, it could take years while your position turns positive or it could never happen if you receive margin call. Of course there is possibility to continuously add additional funds and wait while market goes in your direction. But it could take long years. From statistical point of view it should happen sooner or later but from statistical point of view it also could take more time than human being could live on this planet! It seems not interesting perspective.Therefore another possibility comes to mind. To use small positions which takes little part of your margin and if market goes in your direction just close profitable position and if market goes against you open new position at some point with expectation to close this position when it turns profitable. If not - open one more position with …
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ilonalt avatar
ilonalt 8 July

interesting article; but is it really possible to trade with such a high risk... without stoplosses; positions should be positioned very well

Likerty avatar
Likerty 9 July

Welcome to the contest!:)

litsat avatar
litsat 10 July

good luck for you here :)

Atashi_Tada avatar

good luck

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22/65
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Every trader should well be aware of
the levels at which he should exit from the trade even before entering the
transaction and that is known as the ‘Exit policy’. It is always a
difficult decision to come out of the trade, either in red or in green. Closing
the trade is more of an emotional decision than opening the trade which is more
of a spot-on decision.  Our traders buy in haste and repent in leisure.
As we all know, there are only two
possibilities in a trade-either it is profit or loss. The trader should take
the decision to fix the timing of exit in either case. If in profit, when do we
book it and in case of loss how long should we wait-these are the questions to
be addressed by the exit policy. Even when the trade is in green, it is
difficult to decide the level at which the profits may be booked. Often the
investor is tempted to get on with the trade with still more profit
expectations.  If the trade is in
loss, the trader cannot carryon with his trade to a longer period as he is at a
risk of losing the capital.
Here the Fibonacci retracement comes handy
in identifying such targets & stops which can also be used as potential
support & resistance areas. Most of the forex…
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rkansaaa avatar
rkansaaa 28 Jan.

very east to understand.

kiranrkr avatar
kiranrkr 30 Jan.

yes fibo levles ARE PLAYING IMPORTANT role in my trading system thanks for ur article

Nagapati avatar
Nagapati 30 Jan.

nicely explained...

siddaraju avatar
siddaraju 31 Jan.

fibo nicely explained with good examples

Jalalmuhammed avatar

V. Nice.

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