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Old 17-01-2007, 14:04   #8
KPcurrency
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Re: High Frequency Trading

Soul-trader: I have read many of your posts and usually find them well thought out and intriguing. On this subject you are completely off track. Yet, as such you go a long way in proving me right.

1. As you know, or have seen, on these boards, most FX brokers will not even allow scalping. Scalping and Arbitrage are the hardest things for the retail trader to do. Yes there are pros that arb the market 100's of times a day. BUT THEY ARE NOT A RETAIL TRADER IN A HOME OFFICE TRADING OFF A WEB-BASED PLATFORM. These people have access to better data, faster computers and more access then the typical trader. For the retail trader, less is more.

2. Generally speaking, the best opportunities a rarer. A trade set-up that occurs 15 times a day will tend not to be as good as a trade set-up that occurs 5 times a week.

3. Traders make trades because they have identified high probability trades within the context of their trading methodology. Gamblers make trades for the action.

Sure we are talking in general here. Every person has his or her own belief system and personality. That not withstanding, most traders would benefit from trading fewer times than trading more. As for the money, forget about the money and focus on the process (which I actually believe you do-then again, I don't know what I don't know.)
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