Ramon Ramirez

where are the journals mate?

Zerohedge 'The world has gotten itself into too much debt. There are creditors that expect to be paid, and debtors that are having an increasingly difficult time making their coupon payments. No amount of political or policy intervention is going to change that reality.'(fxstreet)

So I have realised the way I trade is scalping...
 
I have spent weeks denying this, because it sounds so risky.
 
However I am able to make 20+ trades a day with 90% or so win rate.
My stop losses are dynamic and generally I am either right or wrong, and if I am wrong I exit with a 1 or 2 pip loss.
 
Sometimes I get greedy and once my stoploss is at breakeven Ill setup a trailing stoploss however still working on rules for that...
 
My main question is, are there professional scalpers and if so when did you realise scalping was for you?

yes, there is lot of forums you can get useful information one of them is forexforums.com and forexforum.asia

The thousands of individuals who have resolved to enter the forex market should know that they should educate themselves first before they start. It is crucial to know the basics of forex trading to get into profit, but this knowledge is no guarantee. You need to know more than the basics to even have a fighting chance of being successful.
 
There are many methods to learn forex trading. You can join online services, enroll in a forex trading school, become an apprentice of a forex mentor, download an ebook, join a trading group, read books or do it alone. However, doing it alone involves a lot of risks especially for beginners.
 
From experience it is always best for novice traders to get training from a mentor or join a forex trading team. You are going to benefit from experienced instructors who are already trading forex in real time and compare notes, trends, charts, buy / sell decisions and more. You can check yourself against other people who have more experience than you. In this way, you are familiarized with real market trading. You are given the chance to see the actual processes and decisions which you can later on employ.
 
In the end you will come up with your own strategy and trading methodology that works for you and is suited for your own risk level, temperament, trading goals and trading experience.
 
Here are a couple of guidelines that new traders can follow to achieve success in the forex markets.
 
You need to know proper charting and mapping. Most forex brokers will supply you with a charting platform, but you need to know how those charts work and how to interpret them. You will need to be able to read forex market charts.
 
Discipline yourself. Traders who are disciplined by strictly following their developed methods even when losing period's strike, have a greater chance of making it in the long run.
 
Update your knowledge continuously. Successful traders are studying the forex market night and day and are constantly looking for new information and education all the time.
 
Trade in a team, this helps making decisions easier and could be the # 1 reason you find success. If you are trading in a highly specialized team who knows what they are doing you can measure yourself and your trading decisions against them and keep each other accountable for your trades.
 
Focus on what you do and do not jump around. This is probably the single biggest mistake that traders make, they jump from one opportunity and from one trading system to the next. They never stick with a single one and learn to trade that system well. There are thousands of ways to trade the market with an unlimited number of ways to combine signals, charts and trading methodologies. But do not try to trade and test each one of the thousands out there, stick with one that works and work it inside out until you can do it blindfolded. Once you are so familiar with it that you can do it in your sleep, you will start to learn when conditions for your system are right and be able to trade your chosen system with confidence and profit.

I agree, but it is fun sometimes if im profitable.. :)

Forexpros - The Australian dollar fell to a five-month low against the U.S. dollar on Wednesday, as economic data from Australia sparked expectations for an additional rate cut by the country’s central bank next month, while concerns over Greece’s political turmoil persisted.
 
AUSD/USD hit 0.9896 during late Asian trade, the pair’s lowest since December 19; the pair subsequently consolidated at 0.9892, shedding 0.44%.
 
The pair was likely to find support at 0.9860, the low of December 15 and resistance at 0.9947, the day’s high.
 
The Westpac Banking Corporation said earlier that consumer sentiment in Australia rose 0.8% to 95.3 in May, hovering close to the weakest level this year and following a 1.6% fall the previous month.
 
A separate report showed that Australian wages rose 0.9% in the first quarter, in line with expectations, after a 1% rise the previous quarter.
 
Meanwhile, sentiment remained under pressure as Greece's political parties failed on Tuesday to agree on a governing coalition, leaving the country in political limbo until new elections next month.
 
The delay could deprive Athens of badly needed international aid and deepen Greece's financial troubles.
 
Elsewhere, the Aussie was lower against the euro with EUR/AUD adding 0.13%, to hit 1.2828.
 
Later in the day, the U.S. was to produce official data on building permits and housing starts, followed by reports on the capacity utilization rate and industrial production. In addition, the Federal Reserve was to publish the minutes of its most recent policy meeting.