Forex Scalping is a very popular trading strategy amongst pro traders. Scalping means in nutshell quickly entering and exiting the market each time grabbing a few pips something like 10-20 pips per trade. As a scalper, you have to make a few pips everytime you enter the market otherwise you won’t be able to cover the trading cost that you have to pay in the form of spread to the broker each time you enter the market.
Suppose, the broker on average charges 3 pips as a bid/ask spread. So, each time you enter the market and exit in a short duration of time, you will have to pay this spread of 3 pips as a trading cost. What this means is that as a scalper, you need to make at least 3 pips each time you scalp the market otherwise you won’t make any profit.
The main reason why you need to learn scalping is that most of the time the currency market is ranging and consolidating or what you call moving sideways. Almost something like 70% of the time, you will find the currency market ranging. This is the best time for scalping as the market is moving sideways without any clear direction as compared to when it is trending and has a clear up or down direction. Now, there are certain times of the day that are best suited for scalping.
Automated Forex Scalper Systems and Scalper Robots
There are many automated trading systems that solely use scalping as the core strategy. These scalper robots if programmed well can make many trades each day grabbing a few pips each time they trade. At the end of the day, these pips add up into hundreds of pips for some scalper robots. Now, as a scalper you have to constantly monitor the scalping trade as most of the traders don’t use any stop loss when scalping and other use a wide stop loss. This makes scalping dangerous. Never using a stop loss or using a wide stop loss is a dangerous strategy that can give you a big loss all of a sudden if the market moves suddenly. This is the same problem with most of these scalper robots. Some use wide stop losses and other even don’t use a stop loss. So, before you trade with a scalper robot, make sure that it is using a stop loss. This way you are protected when the market suddenly moves against you. Also make sure that the stop loss used by the scalper robot is not too wide.
FREE Forex Scalping Cheatsheets And The Instant Pips Scalping Technique
If you want to learn different way to scalp the market plus the best times for scalping, you should go through these Forex Scalping Cheatsheets. These forex scalping cheatsheets give you five different scalping methods plus the best times to scalp the market.
This Instant Pips Scalping Technique has been developed by Bill Poulos, a veteran trader of many decades. This Instant Pips Scalping Strategy will show you how to scalp the sweet spots of the forex market in just 20 minutes a day. You can download these Forex Scalping Cheatsheets FREE plus discover the Instant Pips Scalping Technique here.
Precision Forex Scalping System By James de Wet
This Precision Forex Scalping System has been developed by James de Wet from South Africa. As said before many forex scalping systems use a wide stop loss something like 30-50 pips. Imagine losing 30-50 pips while you are looking for making only a few pips per trade. This Precision Forex Scalping System uses a very tight stop loss of 10-12 pips and can make upto 30-40 pips in one hour on any currency pair any time of the day or night. This makes this scalping system really interesting. It can grow your capital by almost 80% each month with a very low risk of 10-12 pips per trade.
Super Scalper Indicator By Karl Dittmann
This Super Scalper Indicator has been developed by Karl Dittmann from Germany. It can make scalping very easy for you as it will give you a buy/sell signal whenever there is a good opportunity for scalping. This scalping indicator gives multiple trade alerts, so you will have plenty of opportunity to make trades. Each trade will make on average around 7-10 pips.
Forex Scalping Course By Chris Lori
This Forex Scalping Course has been developed by two pro traders Chris Lori and Vic Noble. Now, who is Chris Lori? Chris Lori is a pro trader and manages a hedge fund. So, whatever he teaches in his forex scalping course will be cutting edge, professional and to the point. In this course, you will learn the Big Stones Scalping Strategy plus Momentum Scalping. Don’t worry, this course starts from the very basics and then takes you by hand step by step to more professional trade setups. It will also give you a review of all the tools you need to learn in order to become a successful scalper.