Forex Trading Methods - Scalping

[miskec]

Forex scalping is the art of using high leverage and a large number of short term trades to steadily increase an account. Usually, only 1 to 5 pips are targeted for each trade. This type of trading appeals greatly to day traders and those looking to minimize the risk involved in trading currencies. Next to money management, “risk control” is the single most important trait to a surviving (and thriving) currency trader. The small amount of time that is spent in the market limits much of the risk in exposure in comparison to a longer term system. Also, the freedom involved in a speedy Forex scalping system in such a liquid market is a “magnet” that drives many traders from other markets to try their hand in currency. A disciplined and steady scalper could seamlessly double or triple an account, and spend only a fraction of the time in the market as a common day trader.

 

[Trader333]

You would have no money to manage if risk is not controlled as a first and most important trait in my view.


Paul

 

[neil]

and spreads soon kill off those 3 - 5 pips scalp targes on spreadbet sites and most bucket shops

 

[miskec]

well those are the risks which i wrote in the article.

 

[miskec]

Im glad that so many people read this article and found it useful, hope i can write a few more. if you have any questions feel free to contact me.

 

[miskec]

here is a good article that i found on another forum that you should read.Risk magazine - Higher and higher