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It is my opinion, what about you? When scalpers trade, they want to profit off the changes in a security's bid-ask spread. That's the difference between the price a broker will buy a security from a trader (the bid) and the price the broker will sell it (the ask). So, therefore, they're looking for a wider spread. But in normal circumstances, trading is fairly consistent and can allow for steady profits. That's because the spread between the bid and ask is also steady, as supply and demand for securities is balanced.Give your feedback too.

Hello dear members. In this topic I want to talk a little about how I bought Litecoin 4 days ago and how I managed to sell it with more than 2% profit today. I could hold it for more but since my target selling point was about $44, I didn't risk and sold it at $43.93. This is how a day trading works these days. My strategy was to wait until a long red stick (body) appears in the chart. I bought after seeing this signal. After that, LTC price rose slowly and I reached my goal after a few days. I think 2.1% profit in about 4 days is acceptable. If you invest $200 you will earn $4.5 which is not bad. In the following picture, you can see my buying and selling dates along with prices.

One biggest mistake for many new traders is starting to trade Forex without a solid Forex trading strategy. The Forex market is really attractive because it operates 24 hrs a day and you can trade when the market is going up or when the market is going down and in the eagerness to make money or prove themselves they dive headlong into trading. Does that mean the beginner Forex traders cant make money? Yes, you can make money trading Forex…and its if you are a beginner trader and you get into Forex trading and start making money right away, you should be very careful to let ego overcome you. You can make a fortune trading currencies in the short term but soon this will lead to bad psychology and trading discipline problems and you’ll end up blowing up your forex trading account. Good trading discipline, psychology, and humility are only achieved through experience. To be successful in Forex trading, you’ve got to have a strategy/plan in place which you must follow. Creating or finding a Forex trading strategy is very important as this addresses the following: Reason for taking the trade: why buy or sell? And what currency pair? Timing of the trade: why buy now? should you buy or sell after economic news release? The Asian session, London session? New York session? Trading objective: what’s the profit target? What’s your stop loss? Money management? How much are you risking per trade? Per day? Documenting and analyzing your trading results? This identifies your strengths are well as weaknesses. What is your reason for entering a trade? And there should be a really good reason! If you are entering a trade out of boredom or just the need to make a trade for the excitement, this is a recipe for disaster. Nothing feels more worse than entering a trade and watching a trade turn into a loss when you precisely know you should not have taken that trade in the first place! Every trade should be taken based on a condition that’s been stated in your trading strategy, whether it be a technical reason or a fundamental reason or both. Follow what your trading strategy says. Free Forex Trading Strategies When selecting which type of forex trading strategy to use, you have two options: You either pay for them You can use any of the free Forex trading strategies on this site and test them out. The trouble with paid Forex trading systems is that: You can spend a lot of money on buying a Forex trading strategy that does not fit your trading style. Later down the line, you realize it does not fit your trading personality so you won’t be using it once your initial fascination starts to wear off. Waste of money. With free Forex trading strategies: You have the option to test them out without paying for them and eventually find a trading system that suits you. Free Forex trading strategies can make money in Forex.