Forex for a trader
Scalping forex

Scalping forexForex Scalping can also be called a quick trading. It is a method where traders allow their positions to last only for a matter of seconds, to a full minute and rarely longer than that. (As a rule if a trader holds to a position for more than a minute or two it is considered no longer a scalping, but rather a regular trading.) The purpose of scalping is making small profits while exposing a trading account to a very limited risk, which is due to a quick openclose trading mode. There wouldn’t be any point in scalping for many traders if they weren’t offered to trade with highly leveraged accounts. Only ability to operate with large funds of, actually, still virtual money, empowers traders to profit from even a 2-3 pip move. How do they do it? Suppose a scalper opens a trading position of 100 000 units with EURUSD. For each pip he will now earn $10… Closing in with only a 3 pip profit brings it up to $30 — not bad for less than a minute of work… Now, you would probably ask what Forex brokers think about it , because if a scalper constantly wins, the broker would obviously sustain some losses. That is why the other popular discussion topic is always at scalpers’ attention: What Forex broker would allow you to scalp the market? Obviously, dealing desk brokers would not agree with scalpers’ trading style and most likely will ask a trader to change hisher trading habits or to find another broker. But, even if a scalper stays in, there is another method to slow scalper's performance down and it is to set delays between an initiation of the order and its actual filling.

The reason behind it is that dealing desk brokers need time to countertradeprocess each order to prevent own losses in case a trader closes in profit. The broker that will not object to scalping is the one that has the best trades processing automated platform. Using straight through processing there is no intervention between a trader and a market maker — the software is taking care of the whole business process. So, it’s more likely a broker with a “slow” business processing platform would object to scalper’s trading style. You can read some more info about scalping and find useful tips for scalpers at Facts about Forex Scalping and useful Tips. Now, we welcome you at our Forex Scalping Strategies Collection to discover trading strategies that can be used for scalping in Forex. Scalping is like those high action thriller movies that keep you on the edge of your seat. It’s fast paced, exciting, and mind-rattling all at once. These types of trades are usually only held onto for a few seconds to a few minutes at the most! The main objective for forex scalpers is to grab very small amounts of pips as many times as they can throughout the busiest times of the day. Because scalpers basically have to be glued to the charts, it is best suited for those who can spend several hours of undivided attention to their trading. It requires intense focus and quick thinking to be successful.

It is not for those looking to make big wins all the time, but rather for those who like raking in small profits over the long run to make an overall profit. You might be a forex scalper if: You like fast trading and excitement You don’t mind being focused on your charts for several hours at a time You are an impatient person who doesn’t like to wait for long trades You can think fast and change bias, or direction, quickly You have fast fingers (put those eSport skills to work!) You are a surgeon! You might NOT be a forex scalper if: You easily get stressed in fast moving environments You can’t commit several hours of undivided attention to your charts You’d rather make fewer trades with higher profit gains You like taking your time to analyze the overall picture of the market. Trade only the most liquid pairs. Pairs such as the EURUSD, GBPUSD, USDCHF, and USDJPY offer the tightest spreads because they tend to have the highest trading volume. You want your spreads to be as tight as possible since you will be entering the market frequently. Trade only during the busiest times of the day. The most liquid times of the day are during the session overlaps. This is from 2:00 am to 4:00 am and from 8:00 am to 12:00 noon Eastern Time (EST). Make sure to account for the spread. Because you enter the market frequently, spreads will be a big factor in your overall profit. Be sure your targets are at least double your spread so that you can account for the times the market moves against you. Try focusing on one pair first. Trying to scalp multiple pairs simultaneously as a noob will almost suicidal. If you start to get accustomed to the pace of things, then you can start by adding on another pair and see how it works for you. Make sure you follow good money management.

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 sticking to risk management practices. Major news reports can throw you off. Because of slippage and high volatility, trading around highly anticipated news reports can be very dangerous. It sucks when you unexpectedly see price jump in the opposite direction of your trade because of a news report! A Simple Scalping Strategy. Your Forecast Is Headed to Your Inbox. But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk. Your demo is preloaded with ?10,000 virtual funds , which you can use to trade over 10,000 live global markets. We'll email you login details shortly. You are subscribed to Walker England.

You can manage you subscriptions by following the link in the footer of each email you will receive. An error occurred submitting your form. Please try again later. Article Summary: Creating a Forex trading strategy does not have to be a difficult process. Today we will review a simple scalping strategy using the Stochastics indicator. Traders who are looking to peruse Scalping opportunities in the Forex market will benefit from having a completed trading strategy at their disposal. The number of variables that can be added to a strategy are limitless, and it is often good to have a simple strategy on standby. Today we are going to review a simple stochastic strategy that can be used for scalping trending Forex currency pairs. So let’s get started!

The first step to trading any successful trend based strategy is to locate the trend! The 200 period MVA ( Simple Moving Average ) is one of the markets most used tools for this purpose. Traders can add this indicator to any graph and identify whether price is above or below the average. If price is above the MVA traders can assume the trend is up and look to buy. Below we can see a 5minute AUDJPY chart accompanied with the 200 periodscal MVA. Given the information above, traders should look to buy the AUDJPY as long as it remains trending higher. If the trend continues, expectations are that price will remain above the 200 period MVA and new highs will be created. Learn Forex – AUDJPY with 200 MVA. Once a trend is spotted using the 200 period MVA, and a trading bias has been established, traders will begin looking for a technical trigger to enter into the market. Oscillators are common choices, and SSD (slow stochastics) can be added to your graph for this exact purpose. Below we can see the AUDJPY 5 minute graph, this time with SSD added. Since we have identified the AUDJPY in an uptrend traders will look to buy when SSD signals momentum returning back in the direction of the trend.

This occurs when the Green %k line crossover the Red %D line below an oversold level of 20. Below you will find several examples of past SSD crossovers from today’s trading on the AUDJPY. Note how only buy positions are to be taken on bullish crossovers as the uptrend continues. At no point should traders consider selling as the uptrend continues. Learn Forex – AUDJPY & SSD. As with any active market strategy, scalping Forex trends carries risk. It is important to know upfront that trends eventually do end. Scalpers can use a swing low or even the 200 period MVA as places to set stop orders . In the event that price breaks and begins creating lower lows, traders will wish to exit any existing long positions and look for other opportunities. Trading strategies are influenced by events in the global markets. Check out our Introduction to Forex News Trading guide which provides insights on trading based on the events influencing markets. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Who Can Trade a Scalping Strategy? Your Forecast Is Headed to Your Inbox. But don't just read our analysis - put it to the rest.

Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk. Your demo is preloaded with ?10,000 virtual funds , which you can use to trade over 10,000 live global markets. We'll email you login details shortly. You are subscribed to Walker England. You can manage you subscriptions by following the link in the footer of each email you will receive. An error occurred submitting your form. Please try again later. Scalpers look to trade session momentum Scalpers do not have to be high frequency traders Anyone can scalp with an appropriate trading plan. The term scalping elicits different preconceived connotations to different traders.

Despite what you may already think, scalping can be a viable short term trading methodology for anyone. So today we will look at what exactly is scalping, and who can be successful with a scalping based strategy. What is a Scalper? So you’re interested in scalping? A Forex scalper is considered anyone that takes one or more positions throughout a trading day. Normally these positions are based around short term market fluctuations as price gathers momentum during a particular trading session. Scalpers look to enter the market, and preferably exit positions prior to the market close. 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 may increase the market’s volatility. High Frequency Trading. There is a strong misconception that all scalpers are high frequency traders. So how many trades a day does it take to be considered a scalper?

Even though high frequency traders ARE scalpers, in order for you to qualify as a scalper you only need to take 1 position a day! That is one of the benefits of scalping. You can trade as much or as little as you like within a giving trading period. This also falls in line with one of the benefits of the Forex market. Due to the 24Hr trading structure of Forex, you can scalp the market at your convenience. Take advantage of the quiet Asia trading session, or the volatile New York – London overlap. Trade as much or as little as you like. As a scalper the choice is ultimately yours to make! There are always risks associated with trading. Whether you are a short term, long term, or any kind of trader in between any time you open a position you should work on managing your risk . This is especially true for scalpers. If the market moves against you suddenly due to news or another factor, you need to have a plan of action for limiting your losses. There are other misconceptions that scalpers are very aggressive traders prone to large losses.

One way to help combat this is to make scalping a mechanical process. This means that all of your decisions regarding entries, exits, trade size, leverage and other factors should be written down and finalized before approaching the charts. Most scalpers look to risk 1% or even less of their account balance on any one position taken! So this brings us to the final question. Who can be a scalper? The answer is anyone with the dedication to develop a trading strategy and the time to implement that strategy on any given trading day. If scalping is something you’re interested in, continue your education on the topic by reading through The Definitive Guide to Scalping on Dailyfx. com. ---Written by Walker England, Trading Instructor. Follow me on Twitter @WEnglandFX. To Receive Walkers’ analysis directly via email, please SIGN UP HERE. Interested in learning more about Forex trading and strategy development? Signup for a series of free “Advanced Trading” guides, to help you get up to speed on a variety of trading topics.

Register here to continue your Forex learning now! DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Forex Scalping – Extensive Guide on How to Scalp Forex. Forex scalping is a popular method involving the quick opening and liquidation of positions. The term “quick” is imprecise, but it is generally meant to define a timeframe of about 3-5 minutes at most, while most scalpers will maintain their positions for as little as one minute. The popularity of scalping is born of its perceived safety as a trading strategy. Many traders argue that since scalpers maintain their positions for a brief time period in comparison to regular traders, market exposure of a scalper is much shorter than that of a trend follower, or even a day trader, and consequently, the risk of large losses resulting from strong market moves is smaller. Indeed, it is possible to claim that the typical scalper cares only about the bid-ask spread, while concepts like trend, or range are not very significant to him. Although scalpers need ignore these market phenomena, they are under no obligation to trade them, because they concern themselves only with the brief periods of volatility created by them. Is Forex Scalping for you? Forex scalping is not a suitable strategy for every type of trader . The returns generated in each position opened by the scalper is usually small; but great profits are made as gains from each closed small position are combined. Scalpers do not like to take large risks, which means that they are willing to forgo great profit opportunities in return for the safety of small, but frequent gains. Consequently, the scalper needs to be a patient, diligent individual who is willing to wait as the fruits of his labors translate to great profits over time.

An impulsive, excited character who seeks instant gratification and aims to “make it big” with each consecutive trade is unlikely to achieve anything but frustration while using this strategy. Attention is essential for the forex scalper. Scalping also demands a lot more attention from the trader in comparison to other styles such as swing-trading, or trend following. A typical scalper will open and close tens, and in some cases, more than a hundred positions in an ordinary trading day, and since none of the positions can be allowed to suffer great losses (so that we can protect the bottom line), the scalper cannot afford to be careful about some, and negligent about some of his positions. It may appear to be a formidable task at first sight, but scalping can be an involving, even fun trading style once the trader is comfortable with his practices and habits. Still, it is clear that attentiveness and strong concentration skills are necessary for the successful forex scalper. One does not need to be born equipped with such talents, but practice and commitment to achieve them are indispensable if a trader has any serious intention of becoming a real scalper. Automated trading systems. Scalping can be demanding, and time-consuming for those who are not full-time traders. Many of us pursue trading merely as an additional income source, and would not like to dedicate five six hours every day to the practice. In order to deal with this problem, automated trading systems have been developed, and they are being sold with rather incredible claims all over the web. We do not advise our readers to waste their time trying to make such strategies work for them; at best you will lose some money while having some lessons about not trusting anyone’s word so easily. However, if you design your own automated systems for trading (with some guidance from seasoned experts and self-education through practice) it may be that you shorten the time which must be dedicated to trading while still being able to use scalping techniques. And an automated forex scalping technique does not need to be fully automatic; you may hand over the routine and systematic tasks such as stop-loss and take-profit orders to the automated system, while assuming the analytical side of the task yourself.

This approach, to be sure, is not for everyone, but it is certainly a worthy option. Some words on trade sizes and forex scalping. Finally, scalpers should always keep the importance of consistency in trade sizes while using their favored method. Using erratic trade sizes while scalping is the safest way to ensure that you will have a wiped-out forex account in no time, unless you stop practicing scalping before the inevitable end. Scalping is based on the principle that profitable trades will cover the losses of failing ones in due time, but if you pick position sizes randomly, the rules of probability dictate that sooner or later an oversized, leveraged loss will crash all the hard work of a whole day, if not longer. Thus, the scalper must make sure that he pursues a predefined strategy with attention, patience and consistent trade sizes. This is just the beginning, of course, but without a good beginning we would diminish our odds of success, or at least reduce our profit potential. Now let’s take a look at the contents of this article where forex scalping is discussed with all its details, advantages and disadvantages. Our suggestion is that you peruse all of this article and absorb all the information that can benefit you. But if you think that you’re already familiar with some of the material, to shorten your route, we present the table of contents of this article. 1. How scalpers make money: Here we will take a look at the logic behind scalping, and we’ll discuss the best conditions and necessary adjustments which must be made by a scalper for profitable trading. 2. Choosing the right broker for scalping: Not every broker is accommodative to scalping. Sometimes this is the stated policy of the firm, at other times the broker creates the conditions which make successful scalping impossible. It is important that the novice scalper know what to look for in the broker before opening his account, and here we’ll try to enlighten you on these important points. 3. Best currencies for Scalping: There are currency pairs where scalping is easy and lucrative, and there are others where we advise strongly against the use of this strategy.

In this part we’ll discuss this important subject in detail and give you usable hints for your trades. 4. Best times for Scalping: There is an ongoing debate about the best times for successful scalping in the forex market. We’ll present the various opinions, and then offer our own conclusion. 5. Strategies in Scalping: Strategies in scalping need not differ substantially from other short-term methods. On the other hand, there are particular price patterns and configurations where scalping is more profitable. We’ll examine and study them in depth in this section. a. Range Scalping: Some traders consider ranging markets better suited for scalping strategies. Here we’ll examine why, and how to scalp under such conditions. b. Breakout Scalping: We’ll examine news breakouts, and technical breakouts separately and discuss suitable scalping strategies for both.

c. Trend Scalping: Here we’ll take a general look at forex scalping in trending markets. 6. Trend Following while Scalping: Trends are volatile, and many scalpers choose to trade them like a trend follower, while minimizing the trade lifetime in order to control market risk. In this part we’ll examine the usage of Fibonacci extension levels for scalping trends. 7. Disadvantages and Criticism of Scalping: Scalping is not for everyone, and even seasoned scalpers and those committed to the style would do well to keep in mind some of the dangers and disadvantages involved in using the style blindly. 8. Conclusions on Scalping: In this final section we’ll combine the lessons and discussions of the previous chapters, and reach at conclusions about who should use the forex scalping trading style, and the best conditions under which it can be utilized. Is scalping a viable forex trading strategy? Scalping in the forex market involves trading currencies based on a set of real-time analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit. Many trades are placed throughout the trading day and the system that is used by these traders is usually based on a set of signals derived from technical analysis charting tools, and is made up of a multitude of signals, that create a buy or sell decision when they point in the same direction. A forex scalper looks for a large number of trades for a small profit each time.

Forex Scalping System A forex scalping system can be either manual, where the trader looks for signals and interprets whether to buy or sell; or automated, where the trader "teaches" the software what signals to look for and how to interpret them. The timely nature of technical analysis makes real-time charts the tool of choice for forex scalpers. Forex Scalper The forex market is large and liquid; it is thought that technical analysis is a viable strategy for trading in this market. It can also be assumed that scalping might be a viable strategy for the retail forex trader. It is important to note though, that the forex scalper usually requires a larger deposit, to be able to handle the amount leverage they must take on to make the short and small trades worthwhile. Scalping in the Forex Markets: A Beginner's Guide. In the investment world, scalping is a term used to denote the "skimming" of small profits on a regular basis, by going in and out of positions several times per day. Scalping in the forex market involves trading currencies based on a set of real-time analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit. Many trades are placed throughout the trading day and the system that is used by these traders is usually based on a set of signals derived from technical analysis charting tools, and is made up of a multitude of signals, that create a buy or sell decision when they point in the same direction. A forex scalper looks for a large number of trades for a small profit each time. Scalping is not unlike day trading in which a trader will open a position and then close it again during the current trading session, never carrying a position into another trading period or holding a position overnight. However, while a day trader may look to take a position once or twice, or even a few times a day, however, are much more frenetic and trade multiple times in a session. And whereas a day trader may trade off the five-minute and the 30-minute charts, scalpers will often trade off of tick charts and one-minute charts. In particular, some scalpers like to try and catch the high-velocity moves that occur around the time of the release of economic data and news, such as the announcement of the employment statistics or GDP figures – whatever is high on the economic agenda.

Scalpers like to try and scalp between five and 10 pips from each trade they make and to repeat this process over and over throughout the day. Using high leverage and making trades with just a few pips profit at a time can add up, especially if your trades are profitable and can be repeated many times over the course of the day. Remember, with one standard lot, the average value of a pip is about $10. So, for every five pips of profit made, the trader can make $50 at a time. Ten times a day, this would equal $500. Scalping, though, is not for everybody, and one thing is for sure: You have to have the temperament. Scalpers need to love sitting in front of their computers for the entire session, and they need to enjoy the intense concentration that it takes to scalp. You cannot take your eye off the ball when you are trying to scalp a small move, such as five pips at a time. Even if you think you have the temperament to sit in front of the computer all day, or all night if you are an insomniac, you must be the kind of person who can react very quickly without analyzing your every move. There is no time to think. Being able to "pull the trigger" is a necessary key quality for a scalper. This is especially true in order to cut a position if it should move against you by even two or three pips. Market-Making Versus Scalping.

Scalping is somewhat similar to market-making. When a market maker buys a position he is immediately seeking to offset that position and capture the spread . (This is not referring to those bank traders who take proprietary positions for the bank.) The difference between a market maker and a scalper, though, is very important to understand. A market maker earns the spread, while a scalper pays the spread. So when a scalper buys on the ask and sells on the bid, he has to wait for the market to move enough to cover the spread he has just paid. In the converse, the market maker sells on the ask and buys on the bid, thus immediately gaining a pip or two as profit for making the market. Although they are both seeking to be in and out of positions very quickly and very often, the risk of a market maker compared with a scalper, is much lower. Market makers love scalpers because they trade often and they pay the spread, which means that the more the scalper trades, the more the market maker will earn the one or two pips from the spread. (Find out how this tool magnifies both gains and losses. Check out "Forex Leverage: A Double-Edged Sword .") How to Set up for Scalping. Setting up to be a scalper requires that you have very good, reliable access to the market makers with a platform that allows for very fast buying or selling. Usually the platform will have a buy button and a sell button for each of the currency pairs , so that all the trader has to do is hit the appropriate button to either enter or exit a position. In liquid markets, the execution can take place in a fraction of a second.

Remember that the forex market is an international market and is largely unregulated, although efforts are being made by governments and the industry to introduce legislation that would regulate "over the counter" forex trading to a certain degree. As a trader, it is up to you to research and understand the broker agreement and just what your responsibilities would be and just what responsibilities the broker has. You must pay attention to how much margin is required and what the broker will do if positions go against you, which might even mean an automatic liquidation of your account if you are too highly leveraged. Ask questions to the broker's representative and make sure you hold onto the agreement documents. Read the small print. The Broker's Platform. As a scalper you must become very familiar with the trading platform that your broker is offering. Different brokers may offer different platforms, therefore you should always open a practice account and practice with the platform until you are completely comfortable using it. Since you intend to scalp the markets, there is absolutely no room for error in using your platform. If you press the "Sell" button by mistake, when you meant to hit the buy button, you could either get lucky if the market immediately goes south so that you profit from your mistake, but if you are not so lucky you will have just entered a position opposite to what you intended. Mistakes like these can be very costly. Platform mistakes and carelessness can and will cause losses. Practice using the platform before you commit real money to the trade. (Learn more about how to set each type of stop and limit when trading currencies in " How to Place Orders With a Forex Broker .") As a scalper you only want to trade the most liquid markets .

These markets are usually in the major currency pairs, such as EURUSD or USDJPY. Also, depending on the currency pair, certain sessions may be much more liquid than others. Even though the forex markets are trading for 24 hours a day, the volume is not the same at all times of the day. Usually, when London opens at around 3 AM EST, volume picks up as London is the major trading center for forex trading. At 8 AM EST, New York opens and adds to the volume being traded. Thus, when two of the major forex centers are trading, this is usually the best time for liquidity. The Sydney and Tokyo markets are the other major volume drivers. Guaranteed Executions. Scalpers need to be sure that their trades will be executed at the levels they intend. Therefore, be sure to understand the trading terms of your broker. Some brokers might limit their execution guarantees to times when the markets are not moving fast. Others may not provide any form of execution guarantee at all. Placing an order at a certain level and having it executed a few pips away from where you intended, is called " slippage ." As a scalper you cannot afford slippage in addition to the spread, so you must make sure your order can and will be executed at the order level you request. Redundancy is the practice of insuring yourself against catastrophe. By redundancy in trading jargon, I mean having the ability to enter and exit trades in more than one way. Be sure your internet connection is as fast as possible. Know what you will do if the internet goes down.

Do you have a phone number direct to a dealing desk and how fast can you get through and identify yourself? All these factors become really important when you are in a position and need to get out quickly or make a change. Choosing a Charting Time Frame. In order to execute trades over and over again, you will need to have a system which you can follow almost automatically. Since scalping doesn't give you time for in-depth analysis, you must have a system that you can use repeatedly with a fair level of confidence. As a scalper you will need very short-term charts, such as tick charts, or one - or two-minute charts and perhaps a five-minute chart. Getting Prepared to Scalp. 1. Get a Sense of Direction. It is always helpful to trade with the trend, at least if you are a beginner scalper. To discover the trend, set up a weekly and a daily time chart and insert trend lines , Fibonacci levels and moving averages . These are your "lines in the sand," so to speak, and will represent support and resistance areas. If your charts show the trend to be in an upward bias (the prices are sloping from the bottom left of your chart to the top right), then you will want to buy at all the support levels should they be reached.

On the other hand, if the prices are sloping from the top left down to the bottom right of your chart, then look to sell each time the price gets to a resistance level. Depending on the frequency of your trades, different types of charts and moving averages can be utilized to help you determine direction. US Search Mobile Web. Welcome to the Yahoo Search forum! We’d love to hear your ideas on how to improve Yahoo Search . The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate. You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account. If you have a valid Yahoo ID and password, follow these steps if you would like to remove your posts, comments, votes, andor profile from the Yahoo product feedback forum. THE FOREX ARMY. US AGAINST THE MARKET. Begin your journey to being a profitable trader with us. TRADE TOGETHER AS A TEAM. AUTO TRADING CAPABLE. 1,2,3 STAR RATED SETUPS.

8 STAGE INTENSIVE BOOTCAMP. REAL-TIME LIVE TRADING ROOM. GAIN RANKS AS YOU TRADE BETTER. Learn From A Team Trusted To Provide Technical Analysis To 6 Major Brokers. Desmond Leong is the commander of the analyst team and currently runs the technical analysis division of 6 major brokerages. He previously advised the trading desks of banks and hedge funds such as Goldman Sachs and is one of the top authors on tradingview. We believe in trading together, profiting together and enjoying life together. There’s enough money in the market to be made for everyone. We also believe strongly in teamwork. That’s the only way we can have eyes on every part of the market and be on our guard for good trading opportunities. Andrew is the Armiral of The Forex Army, ensuring all our cutting edge IT systems are performing smoothly and always on the forefront of developing new systems that pushes the boundaries of MT4 and trading. Captain Li Xing is one of the skilled analyst monitoring the markets for good trading opportunities. She is also in the front lines of answering questions particularly pertaining to technical analysis, postition management and trading. She has a passion for ballet and is a terrific pianist.

Lieutenant Laura takes care of all our fellow traders. She carefully monitors the progress of every trading idea and is the eyes and ears on the forex battleground. She is in the front lines of ensuring every trader is properly equipped with the correct arsenal of tools to take on the forex market. Captain Annabel is one of the skilled analysts that is constantly monitoring the markets for good trading opportunities. She is also in the front lines in answering questions on technical analysis that traders may have. She also loves baking and taking care of plants. 1. About The Forex Army 2. Trading Psychology (intensive) 3. Advanced Support & Resistance 4. Advanced RSI & Stochastic 5. Advanced Fibonacci Retracement & Extensions 6. Price Action 7. Trade Management 8. 3 Highly Profitable Trading Strategies. While you are completing all 8 stages of the bootcamp, you are welcomed to learn and trade together as a team in our proprietary Live Trading Room. . Access to the live trading room is free. . In the live trading room, you’ll receive : – Profitable Trading Signals – Real-time Trading Guidance – A fun community trading together – Army ranks and badges as you achieve more goals – Ability to practice your analysis and get helpful feedback from our team. Grow your trading account together with us as a team.

. As you trade better, you will get awarded higher ranks and badges earning the respect of your fellow soldiers. . You will be given more duties, responsibilities and power to guide the new batch of soldiers coming in to start their journey towards profitability. Applications are full, sorry! Sorry, we’re not accepting any more entries. The Forex Army is now an exclusive private community. If you have a very good reason why you should be in this community, drop an email to email protected JOIN THOUSANDS OF SOLDIERS. Results Speak Louder Than Words. 1st Trading Style : The Full-Time Trader. Trader Name : Pontus Lindberg Country : Sweden. Starting Capital : $1,580.97 Profits in 1 month : $2,126.69 Growth : 134% Drawdown : 7% Live Account Statement. 2nd Trading Style : The Part-Time Trader. Trader Name : James Scarrow Country : Canada. Starting Capital : $2834.62 Profits in 1 month : $1,654.95 Growth : 58% Drawdown : Trader Name : Timothy Hughes Country : Australia. Starting Capital : $10,000 Profits over 6 month : $3,763.12 Growth : 37.63% Drawdown : Read Phil's Testimonial. Phil Song's Testimonial.

Kimmy Ali Khan's Testimonial. Kimmy Ali Khan's Testimonial. Danny's 1st Testimonial. Danny's 1st Testimonial. Timofy Hughes' Testimonial. Timofy Hughes' Testimonial. Leszek Makowski's Testimonial. Leszek Makowski's Testimonial. Danny's 2nd Testimonial. Danny's 2nd Testimonial. Mason Tuttle's Testimonial. Today was my first day working with the TFA Sniper. As it was only 1 day I will hold my judgement, but let me say this! It is AMAZING.

It is not doing anything new , however it is taking out the effort required to plot fib levels. Here are my trades from today: I made some dumb mistakes, that left a lot on the table. But still in the green. I will watch more closely, and not leave open trades while taking a bathroom break. Mason Tuttle's Testimonial. Today was my first day working with the TFA Sniper. As it was only 1 day I will hold my judgement, but let me say this! It is AMAZING. It is not doing anything new , however it is taking out the effort required to plot fib levels.

Here are my trades from today: I made some dumb mistakes, that left a lot on the table. But still in the green. I will watch more closely, and not leave open trades while taking a bathroom break. Gigikitajaya's Testimonial. Gigikitajaya's Testimonial. Bill McManus' Testimonial. Bill McManus' Testimonial. Applications are full, sorry! Sorry, we’re not accepting any more entries. The Forex Army is now an exclusive private community. If you have a very good reason why you should be in this community, drop an email to email protected © 2015 – 2017 TFA Global Pte. Ltd. All rights reserved. All other trademarks appearing on this Website are the property of their respective owners. Disclaimer and Risk Warning: Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest.

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You are subscribed to Walker England. You can manage you subscriptions by following the link in the footer of each email you will receive. An error occurred submitting your form. Please try again later. Scalpers look to trade session momentum Scalpers do not have to be high frequency traders Anyone can scalp with an appropriate trading plan. The term scalping elicits different preconceived connotations to different traders. Despite what you may already think, scalping can be a viable short term trading methodology for anyone. So today we will look at what exactly is scalping, and who can be successful with a scalping based strategy. What is a Scalper? So you’re interested in scalping? A Forex scalper is considered anyone that takes one or more positions throughout a trading day. Normally these positions are based around short term market fluctuations as price gathers momentum during a particular trading session. Scalpers look to enter the market, and preferably exit positions prior to the market close. 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 may increase the market’s volatility. High Frequency Trading. There is a strong misconception that all scalpers are high frequency traders. So how many trades a day does it take to be considered a scalper? Even though high frequency traders ARE scalpers, in order for you to qualify as a scalper you only need to take 1 position a day! That is one of the benefits of scalping. You can trade as much or as little as you like within a giving trading period. This also falls in line with one of the benefits of the Forex market. Due to the 24Hr trading structure of Forex, you can scalp the market at your convenience. Take advantage of the quiet Asia trading session, or the volatile New York – London overlap. Trade as much or as little as you like.

As a scalper the choice is ultimately yours to make! There are always risks associated with trading. Whether you are a short term, long term, or any kind of trader in between any time you open a position you should work on managing your risk . This is especially true for scalpers. If the market moves against you suddenly due to news or another factor, you need to have a plan of action for limiting your losses. There are other misconceptions that scalpers are very aggressive traders prone to large losses. One way to help combat this is to make scalping a mechanical process. This means that all of your decisions regarding entries, exits, trade size, leverage and other factors should be written down and finalized before approaching the charts. Most scalpers look to risk 1% or even less of their account balance on any one position taken! So this brings us to the final question. Who can be a scalper? The answer is anyone with the dedication to develop a trading strategy and the time to implement that strategy on any given trading day. If scalping is something you’re interested in, continue your education on the topic by reading through The Definitive Guide to Scalping on Dailyfx. com. ---Written by Walker England, Trading Instructor.

Follow me on Twitter @WEnglandFX. To Receive Walkers’ analysis directly via email, please SIGN UP HERE. Interested in learning more about Forex trading and strategy development? Signup for a series of free “Advanced Trading” guides, to help you get up to speed on a variety of trading topics. Register here to continue your Forex learning now! DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.



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  • Scalping forex