Are there any regulations as to how many trades you can make in a day or week like with a stock day trader?
I think there are no restrictions in that aspect. Since Forex is a 24-hour market, you can trade in what ever time you may like.
If your asking such a question, you are on a dangerous road, a profitable trader will NOT place more than about 3 trades a day at most.
My question was in comparison to the stock market. If you buy and sell a stock every day and you don’t have a day trader status you can be flaged by the SEC. It dosen’t seem like there are any regulations in forex trading like that. Correct me if I am wrong please. Thanks.
Ahh, I see, you’re right, yes it’s just like a big empty vast open wild west! 
That is an assumption that is totally bogus. There are many trading strategies that allow for multiple trades per day, depending on TF’s and pairs traded. However, these strategies are not suitable for novice traders or those of weak psychological disposition
I agree! but I can’t for the life of me figure out why on earth people make it so hard for themselves, trading different pairs and this that and the other. The whole thing is so lucrative you only need one thing maybe 3 at the most, to make one heck of a profit.!
You are putting your pigeon hole view onto other people here.
Just because it might seem hard for you it doesn’t mean it is hard for others.
And what’s “one heck of a profit”?
Another pigeon hole view?
Or do you try to put your pigeon hole view onto the market.
In that case the market couldn’t care less about your “one heck of a profit”.
If you trade three pairs and they don’t move on a particular day/week you can kiss your [B][U]possible[/U][/B] “one heck of a profit” goodbye.
Note the word possible. The market has the final say about that.
People make their own little boxes & chose to stay in their own little boxes. And they don’t even realize they are in there.
One heck of a profit for me is 5% per week, and I’m happy with that, it may be a lot more for some people, but I’m happy in my pigeon hole, there are much more interesting things I prefer to do than trade all day.
congratulations. Consistently earning 5% pw will make you a very prosperous trader especially if you are compounding. Some people trade to live others live to trade. I fully concur that life holds many things of interest outside trading. Enjoy your success.
best regards
Thanks, all my theory is that most of the time, the market will go something like 058, 055, 051, 056, 061, 055 maybe then when it goes 051, 053,054, 055, 057 is likely to carry on, I trade until it stops, I do use a few clues obviously but that’s it really, I believe that the market will continue to do this at some points every day and most likely during the 1 hour open on London and NY, ‘forever’, OK it is high leverage and I do need instant execution, so it is a bit all eggs in one basket, but then again if it ain’t broke don’t fix it.
You’re probably right about this not being for novice traders; however, trading is a game of probabilities and making more than 3 trades starts to exponentially increase your risk of losing. Being a fairly new myself, I will continue to make pips with one or two trades a day and keep my profit. Conservative, yes, but for now it’s a sound investment.
2 trades a day, good going, I was absolutely nuts when I started - like 50 or something, so it goes to show that with persistence, even the likes of me can succeed!
There is no limit. Except that if you trade every few seconds, your broker may think you are scalping which some allow and some don’t. Or they may think you are using arbitrage which I don’t think any of them allow.
Trades taken = high probability & low risk
Trades taken = maximize profits & minimize risk
Every trade needs a risk strategy to ensure the above.
Trades planned & excecuted from that angle nullifies the factors
amount of trades taken
exponential risk increase of losing
overtrading
End result: Losing becomes a business expense & not a high probability.
I totally agree with you there. And that is why there are scalpers out there.
Not that I know of. Some brokers frown on scalping.