A lot of the attention regarding interesting tweets as of late has revolved around what the American President Donald Trump has been posting. That makes sense given that he is arguably the most powerful human being on Earth. That being said, Shervin Pishevar has also been making a splash on Twitter lately.
What Shervin Pishevar has posted as of late has to do with his thoughts and opinions regarding the economy. This isn’t exactly surprising given that this individual made his money by being an early investor in Uber. He knew that Uber was going to be a big deal before it was a household name. Shervin Pishevar put his money into the company early and made a lot of money as a result. This set the standard by which many started to judge the man. Now, he frequently posts on Twitter to say what is on his mind regarding the economy.
He was one of the first to say that he believes that the stock market is headed for a twenty percent decline or more. He also finds that cryptocurrencies such as Bitcoin are a bad place to park your money as well. Shervin Pishevar was generally pessimistic in general about investing and growing money at this point in time. He feels that even startups in the United States are in trouble as other countries start to fill in the role that the United States used to play as the place where startups can begin.
There was a lot to take away from what Shervin Pishevar had to say about so many topics. It is wonderful to have his opinions out on the record so that we may see how they measure up over time. We know that he has been right in terms of determining his own personal investing choices, but how will he measure up when it comes to determining what is right for the rest of the economy? That is something that we may just have to wait and see what happens. At least we know that we can measure it given that all of his thoughts are out on Twitter.
Scalping the forex market describes a particular type of day trading. It is a method of dealing where traders open and close multiple trades throughout a trading session. The objective is to seek out small profits during that period where they are attentively observing the market. The good thing is that they will not fall asleep from boredom. There will be plenty of action. However, the downside is that the market is likely to shred their accounts to pieces.
Jordan Lindsey, the founder of JCL Capital, advises traders to think big. That advice applies especially to the subject of the number of pips traders seek to extract from the market. The problem with scalping is that the spread is a significant percentage of a trade where you may be targeting a four pip move. Couple that with the volatility on even the most efficient currency pairs and you begin to reason that scalping is the most difficult way to try to extract profits from the forex market.
With a typical spread of 1.5 pips which most brokers offer on the EUR/USD, you are profiting 2.5 pips from a four pip move in your direction and losing four pips when the market goes against you. In other words, your losses are near twice the size of your gains. That will not get you to the 7% monthly growth rate Jordan Lindsey has suggested as your target. If you could reverse the math on your profit and loss results, it would make sense to be a high volume scalper. However, without a crystal ball that is impossible.
All scalping trades rely on signals from shorter time frame price charts. The truth is that you are fifty-fifty to win or lose on these trades. Since you are giving up nearly double what you earn, each time you lose, scalping will eventually consume your account. So, unless you have a very lucky charm, I recommend keeping all of your trades to signals coming from one-hour price charts or better, and you should target profits of 30 pips or more per trade. Remember, as Jordan Lindsey has asserted “Think Big.”