Does any fast trading really work?

allen1

Recruit
Messages
7
Hi there, I am completely new here, with a question. Has anyone had any success with fast trading? Today I saw a website advertising forex auto money which is reviewed on this very helpful site as a scam. I believe the large number of reviews stating that it is a scam, so, I will not consider joining at all. But, the catchy video-game-like-preview on their website claiming to demonstrate how much can be made in a minute is fun, in a very simple-minded way. So, knowing that it was 100% ridiculous garbage from a scammer, I tried it just for fun and 'made' a little over half a million in 60 seconds. I am convinced that such a result does not exist. But, my question, has anyone had any luck with any fast trading in the real world? With a few or several trades per minute? Thanks!
 

ChrisEccles

Private, 1st Class
Messages
47
I guess if you're prepared to jump on a solid trend 30 seconds after
a news bombshell (like Uncle Ben's last week), and trade 1000 regular
lots from your existing $10,000,000 margin, you could make that
half-mio in under one minute, but that's NOT trading; that's putting your
head in the alligator's gob and shouting "Bite !"
-
Chris
 

Lhar_fpa

Private, 1st Class
Messages
135
Sometimes we're attracted with anything that involves fast progress or "easy money", not realizing that there are disadvantages behind it. Like for example, the fast trading, it sounds good but its deceiving. Scammers do that, they deceive people with promises and guarantees, but i'm not saying that fast trading is not good. We just have to be careful with whom we are dealing to. That really matters.
 

Stony

Sergeant
Messages
167
I´ve been trading for more than 3 years now, and meanwhile I´m convinced that in forex only fast trading, including scalping, can be successful. Only for very short periods one can predict the direction a currency pair will move with a certain probability of being right. But you can do this only with very small lot sizes, trying to make small profits with small steps.

Regards, Stony
 

Lhar_fpa

Private, 1st Class
Messages
135
Scalping is risky because traders allow their positions to last only for a matter of seconds, to a full minute and rarely longer than that. But not more than a minute. :p
 

Music Man

Corporal
Messages
91
Q: What's riskier than being in the market a short period of time?

A: Being in the market a long period of time.

:)

MM
 
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