Beginner from Switzerland, from stocks to forex

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Hi everyone !

My name is Diego, I come from Switzerland. I have been day trading US stocks in a simulator since two months now but I figured that the market data prices and commissions were too high for me in Europe so I wanted to find something better to trade…

That’s the way I ended up educating myself about forex, and still on it !

I am currently trading on metatrader 5 with IC markets in the simulator, my goal is to be able to scalp this market on a 1min or 5min timeframe, which seems to be a difficult mission considering the huge differences with the stock market and the other political implications of forex, but I am ready to take the time !

That’s it about me, I am hoping I will be able to handle the learning curve and get out of those learning months as a consistent trader.
If you have been through the same situation, or if you have any advice for me, please do not hesitate !

Diego

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Welcome. Hope you will achieve your goal soon.

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IF you have proper knowledge and education about the forex market, it becomes easy to make money froim this market. But, without knowledge it is difficult to survive in this risky market.

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If you’re scalping you’re probably going to be using price action. There is 0 difference between trading stocks, forex, crypto, futures, CFDs, etc etc when it comes to price action analysis. Furthermore, price action analysis is scale invariant. When you get down to sub-1hr timeframes you just need to be chunking data more rather than relying on single candles.

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