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19/28
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Theory goes like this:Scalping forex market can be very profitable. The win rate can be as high as 85-95%. That is the main reason that brokers (with few exceptions) do not like scalpers. How to determine the exceptions? Each trader should ask the broker. Do you trade against your clients? And just by the answer, you should know what is going on behind the scene. And if the answer is, oh we have 2000 members, we earn the money through spread, makes me think they are trading against clients. If their answer is, we are not market makers, makes me think they are not trading against their clients. Enough about that, reality in forex is, if everybody would be winning, where would the money come from. Money is not falling from the sky, someone needs to loose in order for someone to take profit. That is the reality. Big fish seek liquidity through BIG media. How many times we saw big news that the market will go there or is here etc… But the reality is that big players seek liquidity through media providers and/or vise-versa. Usually at the points where the market rebounds we saw big signs in the past. Some brokers publish daily signals, should I care? No way! You should not care. Some…
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SpecialFX avatar
SpecialFX 16 Nov.

I do not agree with the initial sentences, scalping can be profitable, but for the vast majority of traders it is not. The shorter the time frame the harder it is to make money in the markets. The problem with brokers is not that traders make a lot of money, but the fact that sometimes brokers cannot hedge the clients positions effectively with their liquidity providers, if the trades last only a few seconds, it has little to do with win rates :)

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12/28
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We all know, that the US had the election on the 6th.11.2012, and that the volatility was well expected around these day. Let us get to the point: In theory, usually the currency strenghten prior to elections date. As we could see the Eur/usd bottomed around 1.20 in summer, then a retracement to 1.31 aprox. And today till 1.275 aprox. a day after election. Now the currency should weaken, since the whole world know who won, (or at least we expect the real results). Therefore there is no need that the currency should attract the voters any more. So from fundamental point of view the currency should weaken, and the reversal trend on the monthly charts (majors/usd, and major yen carries) should continue. It may well happen the opposite p.s. few hundred pips down, so tight stops are welcomed here. Is it really important who won? It is not so important who won, ok. on a longer time frame it should be, a sign that Obama won, should be less dollar bearish as it would be if Romney won. But the main thing is that the forex market should normalize stabilize etc, if we can call it like that. Please note: Trading elections is the hardest NEWS to trade, and to master it needs experiences, s…
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Likerty avatar
Likerty 20 Nov.

I see elections more as a quite short risk-averse period while all the rerally important global economic events move the price..

de123 avatar
de123 20 Nov.

i disagree, turning point are usually elections, ..there was one news that also triggerd yen sell of, was then the Japan will move the elections, so with the PA at 101 it just catapulted it to 104+ and continuation expected..thx

doctortyby avatar
doctortyby 25 Nov.

Right now there is a fundamental focus on the US Fiscal Cliff, Eurozone Budget and Greece Bailout, Spain possible Bailout request, Japan Ellections (16 Decemeber). US ellections don't have an impact any more as Obama has kept it's plan

de123 avatar
de123 26 Nov.

hm....i think now its technical thing, profit taking etc,...after this settles it might explode once more over 106.66 as this is the main barrier, whihc currently is still being a magnet for the price to touch retrace etc...Japan melections will have some effect (kind bulish till elections, then bearish for yen), thats from fundi view,...all euro news is just priced in already :)

Milani avatar
Milani 29 Nov.

Nice article.. Good luck

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