Quote:
Originally Posted by freller
It's not the MT4 software that's at fault, it's the data feed from the broker.
There are only a handful of relatively honest forex brokers so go for longer term trades to iron out any potential dishonesty on their part. If you're scalping you're really asking for a smacking.
|
Nice post... I think you have pointed out a very good concept - the problem is when scalpers are out to make a few pips, and suddenly the volatility goes off the charts - you can lose several hundred/thousand pips in minutes lately... recently the gbp/jpy moved 2k pips in one day. Some must have made bank, but many must have lost their a**es.
To take a longer term position requires a lot of steel (nerves)... that's why so many end up losing so much so fast... how many times were you in the right trade (direction), but got out too soon... ? That's what I thought... really often.