So you’re interested in Forex Scalping,
but you’re not exactly sure what Forex scalping is.
May be you have some of the following questions on your mind:
- Can anybody be a scalp trader?
- Is it hard to learn and difficult to trade?
- Can you make money with it?
YES, most people can be scalp traders and YES, you can make money with Forex scalping.
Difficult? NO not at all.
But let’s take a closer look at what Forex scalping is and how you can make money with it.
Forex Scalping is day trading on steroids!
There is a strong misconception that all Forex scalp traders are high frequency traders where you have to enter trades super-fast; that is not true. High frequency trading is very different from Forex scalping. So how many trades a day does it take to be considered a scalper?
One of the benefits of Forex scalping is that you can trade as much or as little as you like within a giving trading period, considering you are using reliable Forex trading strategies.
A Forex scalper is considered anyone that takes a hand full of small trades daily, looking to capture a few pips per trade, meaning they profit from small moves in the market. Usually, anything from 1 to 10 pips is targeted for each trade. The majority of intraday scalpers enter quite a few trades throughout a trading day. Normally these positions are based around short term market fluctuations as price gathers momentum during a particular trading session.
Simply put, Forex scalping is a procedure by which one makes a trade with the goal of only making a few pips. Scalpers normally don’t stay in the market for very long.
Due to the 24Hr trading structure of Forex, you can scalp the market at your convenience. Take advantage of the volatile New York – London overlap or the quiet Asia trading session. Basically Forex scalping is profiting from rather small moves in the market bringing quick profits.
Forex scalping is a trading style in which the trader makes as much or as little trades as he likes. As a scalper the choice is ultimately yours to make! Normally scalpers employ technical trading strategies utilizing short term support and resistance levels for entries. While normally fundamentals don’t factor into a scalpers trading plan, it is important to keep an eye on the economic calendar to see when news announcements may increase the market’s volatility.
The returns generated in each Forex trading position are usually small; but great profits are made as gains from each small position are combined.
Characteristics of a Forex scalp trader:
You might be a Forex scalper if:
- You like fast trading and excitement
- You are an impatient person who doesn’t like to wait for long trades
- You can think fast and change bias, or direction, quickly
A Forex scalper tends to take as many small profits as possible, not allowing their profits to evaporate. Such an approach is the opposite of Forex day trader where the mindset is to “let your profits run”.
Handy to Know:
- Trade only during the busiest times of the day
- The most liquid times of the day are when the major trading session overlaps.
- It is wise to do Forex scalping only on the major and a few of the minor currencies.
Forex Scalping rules:
- Make sure you follow good money management
- Always obey the rules of your trading strategy
This goes for any type of trading, but since you are making so many trades within a day it is especially important that you are obeying risk management practices.
So this brings us to the final question. Who can be a scalper?
The answer is, anyone with discipline and dedication to learn a Forex trading strategy and the time to implement that strategy on any given trading day.
Both the Platinum and the FX Mastery Forex for beginners’ courses contains Forex scalping system.
Forex courses that contain the Forex Scalping strategy are the:
Below are a few highlights on what One on One Forex training offers:
One on One Forex Training was created to help novice traders understand the basics of trading Forex, and how to trade Forex using a reliable Forex day trading system and a Forex scalping system as well as Swing trading and Long term Forex trading strategies.
Forex trading strategies
Many Forex courses teach only scalp trading, however the success of Forex scalping depends on how good you can read and predict the longer term trend of the market.
Whether you are a complete newcomer to trading Forex trading or someone looking to improve their trading results, our step by step Forex courses have empowered many people to build a consistent income from online currency Forex trading. Head over to the Forex Courses section to see which one of the Forex for Beginner courses will best suit your needs.
One on one Forex training courses will also cover the basics of forex charting, technical analysis, candlestick analysis and support & resistance areas. Understanding the basics of online currency Forex trading is one of the cornerstones for successful Forex trading. With One-on-One Forex Training practical hands-on Forex trading courses we will take you by the hand and guide you through the whole process of Forex trading from start to finish
The moment you trust your Forex trading strategies and you become a calm and confident trader, your whole attitude towards the market changes. Trading Forex is not rocket science if you learn a few Forex trading strategies and follows the rules of your trading strategy with discipline and patience you will be amazed at the successes online currency Forex trading can bring.
How to Forex trading
Many people are curious to know what Forex is and how they can get started. I have created a page with easy to follow infographics to guide you through the process of where to start and what Forex is. How to Forex trading is specifically designed for the new comer.
Online currency Forex trading
The only way we as retail Forex traders can take part in this very lucrative Forex money market is by opening a Forex trading account with an online currency Forex trading broker. There are many Forex Brokers to choose from, it is of crucial importance to make sure you choose a reliable Forex Broker, here at one on one Forex training we will give you the best advice about which brokers are the best to use.
Forex Day trading system and Forex scalping
One on one Forex training offers three easy and straightforward Forex trading courses to choose from. The Gold Class Course offers a Forex Day trading system with 6 hours of one on one training while with the Platinum Class course comes the Forex day trading system plus a Forex scalping system and 8 hours of online one on one Forex training. The FX Mastery course contains the very reliable 9-Step Forex day trading system, the Forex scalping system, a swing trading system and a long term trading system and 14 hours of one on one Forex training.
FX trading online
Personal one on one Forex training is the best way to start your FX trading online career, there are many Forex video and Forex home study course available online, but nothing come even close to personal online tutoring. With step-by-step Forex training, we will build your Forex knowledge and confidence and take you through the Forex trading strategies in great detail.
Part of the FX Mastery course is the very nifty and handy TREND WIZARD Forex indicator. Trend Wizard is a trend direction Forex indicator that will alert you to easily trade the market in the direction of the trend. Forex Trend Wizard is a visual semi-automated Forex trading tool, developed for the Meta-Trader 4 platform (MT4)
Free forex trading
Take advantage of the free forex trading course videos on this site, also part of the free education are the free forex trading videos on how to use the Meta Trader 4 (MT4) trading platform
If you are new to FX trading online, there’s a good chance that you think it’s complicated and that it’s only suitable for the super intelligent. The truth is you can start from an absolute know-nothing beginning and our steady, step-by-step Forex for beginners course was designed especially those traders who know absolutely nothing about trading Forex.
I will take you step by step from start to finish in easy digestible portions. The live online Forex training will be tailored to your needs, taking into consideration the time you have available for trading Forex.
The benefit of taking any of the online one on one forex training courses is that you will learn to trade in an environment that is familiar to you.