Just think twice before you op for going full time, it's going to be SUPER BORING LIFE.

I m full time... Yes.. Super boring with 24 hours trade.. That y I have forex academy..
Letting more people come and trade together..

At first, the academy is for those frens that earn little, helping them earn a bit more or sometimes better than their day job... As for me, it never come across my head that it also a very good income for me to guide them to profit..

With MM and PA strategy, it can goes up to 100% return of account balance in a month.. 3 hours scalping...4/5days per week..

Depends which kind of trader you are. If you choose as scalper, you have to stick in front of the PC. As for myself, it is kind of pressure if you stick too much in front on it. So, I choose to have a look every couple hours if I have some trade running. For me, useless to stick in front of it. You can't hold the price if it against your trade anyway, especially I trade according to CANDLESTICK.

Have a final review on some of those Fundamental for beginning of the week.

ECB inflation are going to out this week. If it comes out high enough, it might have the possibility to knock out QE off the table. It means should be enough for EU to break higher it goes. Let's say if it come out further lower, you could expect a break to lower putting much more pressure for ECB to introduce QE.

Scalping is also a strategy to practice the art of trading...PA is important in scalping..
You are half right and half wrong ... Whatever strategy, scalp,swing, hedge etc also can't hold the price if it against your trade direction..but u can do something on the strategy if you scalp like close 50% drawback and re-enter another at a good price..so when the price goes back to 70-80% of the first buy.. U still profits..

Depend on your MM... It might take only 15min to reach your MM targets..
And scalping have to based the volatile market but not news timing..

I used to be full time n its too boring. Talk is easy, a few hours can hit tp. But waiting for the entry will take hours. Not that u sit there straight away got a nice entry anyway. That y I see some ppl stay until midnight here. Now I prefer to trade long term n less stress. Can earn a few hundred pips at on a single trade. Same profit.

Good choice mate. Normally my 1 trade will take couple days at least. So useless to sitting in front of it and wait for the setup. Open it, set ur SL and TP, and just move away. It will eliminate a lot of stress and scare money element.

Yes, maybe scalping you can do something but it is absolutely against my trade rules to add more position when the trade against me in my strategy. Normally I will open very small position at first, once the price go on my way, that's the time I add more and larger position. When it is against me, means I might be facing setup failure and hit my SL. So different strategy, different method. I understand this.

1 more tips maybe can help others.

It is obviously unhealthy trader to stay at midnight and still trading on the midnight. I also one of them and staying up at midnight that doesn't profit you at all last time. We have some best Geographic Location in Asia. Maybe GMT + 11 is the best to me, so I need not to wake up earlier. One explanation. You can just wake up at 8AM, wait for JAPAN and SYDNEY OPEN. Then on 3pm, you will have those BANKER coming in and 4PM for the UK and FRANKFURT OPEN. Then you move to 7PM for the STATES OPEN. So it is useless to stay on midnight, and it makes only unhealthy life.

Just my personal opinion. I went through those time wasting of staying up at midnight once ago.

This post has been edited by tdoptions1689: Apr 28 2014, 10:34 AM

If you trade for 24 hours, that is not boring, that is crazy .... I spend 10 mins a day only, long term punya.

Absolutely yes. I remember last time I was so stupid. I love using a quotes. Something sounds like, No b****es Keep Me Awake All Night, But FX Does. I use it for very long time. By the end I only wake up. Then only I know, morning I should put my time on FX, and at night my time should leave it to those b****es. LoL…

I hardly bet in Genting nowadays, I rather open one small account with broker, bet long or bet short without analyzing. You guess what, I can win more than I bet in Genting. That is scalping for me. Sorry I am not saying people who scalp can't win, just that for me scalping has no difference with go Genting even though you made analysis. No offense, just my personal opinion. Ignore it ....

Mate, most of your statement I also quite agree. But this time I don't agree what your statement as Scalping like going to Genting. Although I am not a scalper and know not much about scalping, but I have 1 trader before helping me managing fund. He is absolutely a pro scalper I have ever met before. But unfortunately, he is someone I describe as crazy or maybe not same with others. Instead of having profit sharing with his profitable trade, he just want me to pay him RM 8k per month as salary, an office room for him to trade. He will come if he is in good mood, and he will not appear for couple days when he have no mood. He even don't want any of my Account Number or Password when I allow him to trade remotely. We cooperated for only couple of months, but never give me a single of negative month.

Conclusion, indeed there are some working strategy that really works very well. But 1 think I believe, myself as a long term and Intraday Trader, what I know that scalping need miraculous effort better than our role. It is not easy at all to become pro scalper. So, I will respect all the profitable scalper if they are really doing well in long term. That's what from my experience.

Time frame of trading is really depend on individuals..

I have forex academy cater to ppl working in the day..
So they only have time for the NY market.

Anyway only 3 hours max...
If you are full time, you can choose your own prefer time..prefer market..prefer strategy..

As long profitable, it's your move....

Just a quick signal... See if it works for u..scalpers

7-8pm scalp for GA... Range 1.81573 to 1.81333.. Short it...

If got 15pips is good enough..scalpers

At 7.58pm it went down to 181379 for GA..

So almost 20pips is ok for me.. Closing at 181409 at 8pm

Let's see if this works as well.. From 8pm to 9pm for GA.. Long back from 181409 to 181570 resistance level.. Plus tail 3-4pips... As always 15 pips is good enuf..

full time forex trader reporting in

So I need to go out to forex academy..

Report : GA now is 181536.. Can close position from 181410..
12 pips gain