Archive for the ‘Forex Scalping’ Category

1 Minute Forex Trading System FREE Download

September 8th, 2010 by | No Comments | Filed in Forex Scalping

These are five 1 minute forex scalping systems that have been developed and tested over many years by veteran forex traders. You can use anyone of these five 1 minute forex scalping systems to make money anytime you want instantly. You can download 1 of the 1 Minute Forex Trading System FREE!

Most of the time the markets are moving sideways. Rather something like almost 80% of the time, the market is consolidating and moving sideways. So, the market is trending only 20% of the time. When there is no trend present in the market and the market is moving sideways without any clear direction, scalping is the best trading strategy.

Scalping means quickly entering and exiting the market with the aim of making a few pips each time to make a trade. However, you need to keep this in mind that there is a cost to each trade that you make. You pay this cost in the shape of the spread. The spread is the hidden commission that the broker charges each time you enter the market.

So, let’s assume, the bid/ask spread is 2 pips. So you will have to pay 2 pips on opening the trade and 2 pips on closing the trade. In other words, your cost of making the trade will be 4 pips. Now, if you are scalping the market, you should make at least 10 pips so that your cost of trading that is 4 pips is also covered and you get at least a decent profit in the shape of 6 pips.

6 pips NET PROFIT per trade means you will have to make at least 5-10 scalping trades in order to make at least 30-60 pips in a day. Now, using these 5 1 minute fx scalping systems,you can make as many trades as you want and come out a winner almost more than 90% of the time.

You can use any one of the fx scalping system. Each forex system has been explained in a step by step detail. You can understand each fx system with easy to follow instructions and the exact time and place of entry.

Now, these forex scalping systems are manual and mechanical trading systems. You only need at least $250 in your broker account to start making money with these fx systems. Most scalping systems do not use stop loss. But these forex scalping systems all use a stop loss of between 3-7 pips per trade. This makes these trades very low risk.

Use anyone of these five forex scalping systems to make up to 50-100 pips daily with a very low risk. You can purchase these five systems for a low price of $49 which I believe is unfair as these 1 minute forex systems are real hidden gems and shouldn’t be sold so cheap. Plus the developer of these five forex scalping systems is giving you two complete months as a no questioned money back guarantee so that you can try these five forex scalping systems on your demo account and see whether they really work or not!

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Best Forex Scalping Strategy

September 7th, 2010 by | No Comments | Filed in Forex Scalping


ForexAutopilotSystem… – Go there to get the best Forex Scalping Strategy Best Forex Scalping Strategy

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Forex Trend Following – Catch the Biggest Trends and Profits

September 6th, 2010 by | No Comments | Filed in Forex Scalping

Forex trend following is the best way to make to make big profits in Forex trading yet, very few people do it and those that do, don’t do it correctly. Let’s look at how to profit from the big trends…

Look at a currency chart and what do you see?

Trends that last for weeks, months or even years and these long term trends will always occur because, currencies reflect the underlying economic cycle of the country they represent and these cycles last a long time.

Do most traders try and trade these trends?

No they don’t.

They believe the myth that trading shorter time spans, increases profitability and decreases risk and they try Forex scalping or day trading. What they don’t realize is that all short term movements are random, so stops get hit and if their lucky enough, to get a profit it’s a small one. Over time, they simply get wiped out as their profits never cover their huge number of losers.

Another reason people don’t follow long term trends, is they simply don’t have the discipline to hold a profit. As soon as they get a profit, they move their stop to close and get stopped out. What happens next? The trend continues, makes tens of thousands of dollars and their not in on the action.

The savvy trader knows that by locking into and holding long term trends, he can make more profits, with less risk and spend less time on his trading.

If you want to make the really big profits, with the least amount of effort, don’t trade the noise of the market! Learn to trade the long term trends, get the odds on your side and you will enjoy long term currency trading success.

The big trends will always be there and they make the biggest profits, so long term Forex trend following makes sense.

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Forex Trading – Double Your Profit Potential With This Simple Rule!

September 5th, 2010 by | No Comments | Filed in Forex Scalping

If you are not making as much money as you would like from your forex trading or want to get a great tip before you start, learn this simple rule and make it part of your forex trading strategy for bigger profits…

The rule is the 80 / 20 rule and it applies in many areas of life and that includes forex trading. This simple rule states that 80% of your income comes from 20% of your efforts.

Its used in business for example, where 20 % of clients very often give 80% of the income – so how does it apply to forex trading?

Simple – cut your trading frequency to high odds trades only!

Many traders take to many trading signals – but there is no correlation between how much you trade and your profits. Your judged on the accuracy of your trading signal and that’s it.

The fact is the big forex trends and high odds trades don’t come around that often.

For example, I know traders who trade less than 12 times a year yet make over 100% annualized gains.

These guys are not looking for 20 0r 30 pips there after 1,000s.

FACT

The big profits come from the big trends, that last weeks, months or years and if you want to make money, focus on these not the low odds trades.

If you consider how many people day trade and try forex scalping you will understand what I mean.

These are lots of low odds trades and day traders and scalpers lose. They try hard and lose, sad but true.
On the other hand the patient trader who hits high odds trades spends less time on his or her trading – but makes a lot of money.

Never confuse how frequently you trade with how much profit you will make.

Take high odds trades only, show patient and you will have higher profits, with less stress and spend less time on your trading.

Long term trend following is the way to make money don’t trade often but aim to make a lot when you do, understand this and you can enjoy currency trading success.

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forex scalping 26 8 2009 momentum trading

September 3rd, 2010 by | No Comments | Filed in Forex Scalping

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forex scalping 28 7 2009

September 2nd, 2010 by | No Comments | Filed in Forex Scalping


www.forexforum.gr is theplace were you can find free trading systems and the results for almost 9 months now, from Northern Lights Strategy. In http you can find more information about Northern Lights Strategy method.In www.forexlegion.com you can find our basic forex school in Greek language.More languages on the way. I have manage to cut a portion today in order to fill it in youtube. I will become better I promise

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Forex Money Management – Deal With Volatility or Lose Your Equity

September 1st, 2010 by | No Comments | Filed in Forex Scalping

Many traders have forex trading systems that can pick the direction of the currency correctly but they continually get stopped out by volatility and cannot stay with the trend. Here are some money management tips to help you stay with the trend and enjoy currency trading success…

A typical scenario which occurs for most traders is they enter a trend with their currency trading signal the price retraces, takes out their stop and then the trend immediately goes back the way they thought, piling up thousands of dollars and their not in!

If this has happened to you, you’re not alone. Most traders have this problem and volatility is the cause.

Of course prices don’t trend in a straight line otherwise currency trading would be easy – they constantly retrace against major trends. Quite simply, you need to employ money management rules to keep you in the major trend and not get stopped out so here are some tips.

1. Don’t Trade the Market Noise

If you want to avoid getting caught by random volatility avoid short term trading strategies such as forex scalping or day trading. All volatility in a day is random. So if you place stops using daily support and resistance you are wasting your time.

Forget day trading and look at long term trend following.

2. Be Selective

You don’t get paid for how often you trade you get paid for being right with your trading signal and getting your market timing right. The big high odds trades don’t come around every day and you need to be patient to wait for them. I know traders who trade less than a dozen times a year, who make triple digit gains and you, can to.

You will also find many of the best trading moves come from breakouts and you need to look for these.

3. Use Breakouts.

Most major trends start from breaks of highs and lows and pick valid ones (check our other articles for more information on breakouts) When a break occurs your stop is obvious below the breakout point. If the breakout continues do not trail your stop to close! This is the major error of most traders in any form of trend and we will discuss this next.

4. Moving Stops

Most traders fail to win because they trail stops too soon. They want to restrict risk so much they create it by bringing their stop within normal volatility and getting bumped out the trade.

Make sure you leave your stop until the trend is well underway and trail outside of random volatility.

A good way of doing this is using the 40 day Moving average as a stop. Sure you miss a bit of the trend when it turns – but you can’t predict that anyway, so there is no point in trying. If you caught 50% of every major trend you would be very rich.

5. Deciding Risk per Trade

Today you can get leverage of 200:1 or more but for a small trader to use all of this is madness.

Sure your gain will be huge – but your stop has to be so close, you are guaranteed to get stopped out. De-leverage and use 10 or 20:1 and risk more per trade.

In forex trading you have to take a risk and you need to be outside of daily volatility with your stop, or you’re going to lose. Risking more to your stop means your chances of winning are higher, if you hit high odds trades and that’s what you need to do.

Volatility can destroy your account quickly, if your forex money management doesn’t handle it.

The above tips will work. In the next series of these articles we will look at how to measure volatility and look at standard deviation of price, which is essential forex education for any trader and a great tool to help time trading signals – the Bollinger Band.

Many traders think forex money management takes care of itself, it doesn’t and you need to get protection for your trades and deal with volatility to win.

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Trading news – http://hubpages.com/hub/forex-trading-make-money-trading-news

August 31st, 2010 by | 2 Comments | Filed in Forex Scalping


In the video I talk about my news trading method. I also mention one new thing. I started writing for hubpages. My first article is about news trading method. Be sure to check it. I provide my basic rules for trading news there and in the video I give an example about my trading news method with eur/gbp pair. The article is here: hubpages.com

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Forex Trading Strategy – Check Yours Contains Points Enclosed or You Will Lose!

August 29th, 2010 by | No Comments | Filed in Forex Scalping

If you are thinking about trading, you need to consider that 95% of traders lose and if you want to win, check that your forex trading strategy contains all the elements below, if it doesn’t you will end up with the vast majority of losers…

1. Your System

Most traders think they can simply take someone else’s system and follow it blindly and don’t question the logic and here are 3 sure fire ways to lose doing this.

1. Following a Forex robot with a simulated track record

2. Following a day trading or forex scalping system

3. Following a scientific system or one that is supposed to predict prices

The above are what the majority of new traders do and they lose.

Your system means one that you understand from top to bottom and can have confidence in and one that you can follow with discipline. You need a system based on sound logic you understand.

Sure you can take elements of other peoples systems but you must understand why it gives you a trading edge.

2. What Edge Does Your System Give You?

Ask yourself this question:

Why should I succeed when 95% of traders lose?

If you can’t give a good reason of why your system, gives you an edge over 95% of losing traders, you simply don’t have one, so continue your forex education until you do.

3. Money Management Rules

Most people think money management is simply placing a stop but it isn’t.

If you believe it is, you are going to lose. If you don’t get your money management right in your strategy you are gong to lose.

You need to have money management strategy for the whole account, you also need to deal with standard deviation of price or volatility, you also need to have reasonable equity to start with and decide leverage on the account.

How many traders start with couple of hundred of bucks, leverage up 100:1 or so and get blown out the water?

The majority, they think money management looks after itself and it doesn’t.

Money management is the base on which your success is built and needs plenty of attention.

4. What Losing Period are You Expecting and Can You be Disciplined?

To win you are going to have to cope with losing periods and forget the rubbish you read online, that these periods don’t last long or you can trade with 90% accuracy – its fantasy.

Even the best systems will lose for weeks on end and you have to have the discipline to keep going, through the losing period until you hit a home run.

Most traders simple cannot do this, throw in the towel early and if they would have hung on they would have been rewarded with profits.

Understand this – if you want to win at forex trading you need to lose to win.

If you cant take execute a trading system with discipline, you don’t have one!

A Road Map to Success

Most traders lose at forex trading because they think its easy or are to lazy to do the basics and the fact is, forex trading is not easy as most traders lose.

Of course for the trader prepared to put effort in to their forex trading strategy, the rewards can be huge or even life changing.

You need a simple system, you can have confidence in and trade with money management and discipline and this is the cornerstone of your success.

f you understand the above you could soon be making big profits in the worlds most exciting and lucrative business opportunity. Work smart, keep it simple and adopt the mindset to win and currency trading success can be yours.

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Forex Trading – 2 Popular Ways to Trade That Don’t Make Money

August 28th, 2010 by | No Comments | Filed in Forex Scalping

Here we are going to look at 2 of the most popular ways to try and make money when forex trading which the bulk of traders try and lose with…

Short Term Methods

By this we mean forex scalping or day trading and if you try and trade within daily ranges or off hourly charts you are going to lose. You are trying to work out what a huge vast diverse amount of traders, millions of them will do and you can’t

Volatility will be against you because it’s of a random nature in daily time periods and you can’t key off the daily ranges and if you can’t use support and resistance you are going to lose your money sooner or later, as you’re relying on luck.

There is a huge industry telling you that you can make money trading this way – but fact is you won’t win long term, as you don’t have the odds in your favor.

Automated Forex Trading

This has taken over as one of the most hyped areas in online forex trading and it’s appealing.

You don’t have to do any work just plug in the system and sit back, while it makes money while you play golf, sleep or anything else! It sounds too good to be true and it is. Forex robots sold simply don’t work.

The reason can seen in the track records – there never real, just back tests on paper but anyone can make money knowing the data and price history. The problem of course is – you don’t get the benefit of this in real time trading.

If you think about it – if the systems really did make money, no one would have to work, dealers in financial institutions would be sacked and the whole world would trade for a living.

These systems are normally the cost of a few beers and a night out my advice would be – spend your money on a night out, at least you will have some fun and get some value for money!

The above ways of trading appeal to the new investor who think forex trading is easy and of course it’s not, as most traders. If you want to win you need to get the right forex education and learn the basics. If you do this, you can make a lot of money and enjoy currency trading success.

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