Scalping can be very profitable for traders who decide to use it as a primary strategy as well as for traders who will use it as additional supplementary method. Adhering to the fast exit methodology is the key point in making small profits compound into larger gains.
Short time exposure of the funds in the market in each trade and frequency of small moves are two major factors that have become the reason why Forex scalping has gained so much popularity among Forex traders.
It is possible indeed to make money with Forex scalping. However, to be successful a trader should have good trading strategy and also there should be a match between this type of strategy and trader’s own personal trading preferences.
Saturday, September 29, 2007
Monday, September 24, 2007
Cons of Forex Scalping
Among the strongest cons of Forex scalping is the fact that Forex brokers in their majority do not like scalpers. And, although Forex scalping is absolutely legal, a true Forex scalper can find him/herself “asked” to change a broker or change his/her trading habits to continue trading at current place.
These restrictions on scalping in Forex are posed because no brokers are willing to lose their additional profits which they make when traders happen to be in a losing position. Actually, there is kind of controversy here, because scalpers do make money for brokers, as each time trader enters a trade he pays the spread and only then starts earning money.
Additional cons of Forex Scalping lie in the fact that scalpers need to use higher leverage in order to make higher profits. However, this also means higher risks in trade.
Is Forex scalping so useless? No. There are serious pros which make it look very appealing to many Forex traders. In addition, for some traders it has become the only way to trade in Forex and make good profits.
These restrictions on scalping in Forex are posed because no brokers are willing to lose their additional profits which they make when traders happen to be in a losing position. Actually, there is kind of controversy here, because scalpers do make money for brokers, as each time trader enters a trade he pays the spread and only then starts earning money.
Additional cons of Forex Scalping lie in the fact that scalpers need to use higher leverage in order to make higher profits. However, this also means higher risks in trade.
Is Forex scalping so useless? No. There are serious pros which make it look very appealing to many Forex traders. In addition, for some traders it has become the only way to trade in Forex and make good profits.
Thursday, September 20, 2007
Google misterious indexing
It is funny... I saw my new Forex blog being finally indexed by Google couple of days ago. And now again, it disappeared despite my best attempts to obtain 2 permalinks and regularly post content to the blog. Hmmm...
(In case you wonder what I'm talking about, it is about this line you type in Google's search: site:forexminute.blogspot.com Then you will be able to see how many pages Google has indexed already if any).
It is very strange indexing behavior indeed assuming that Blogger.com belongs to Google. What else should their users do to please those web indexing robots?
(In case you wonder what I'm talking about, it is about this line you type in Google's search: site:forexminute.blogspot.com Then you will be able to see how many pages Google has indexed already if any).
It is very strange indexing behavior indeed assuming that Blogger.com belongs to Google. What else should their users do to please those web indexing robots?
Wednesday, September 19, 2007
Advantages of Scalping Forex
A good thing about Forex scalping is that it allows collecting small but constant profits every several minutes.
Such small profits do add up quickly, so while a day trader is waiting and hoping for his big win, a scalper already has profits on the table and moves on to collect further gains.
The main advantages of scalping are:
- Small price moves which are more frequent than larger ones; this enables scalpers to be constantly in trade. Even during “quiet market” there are many small movements which are enough for scalpers to make profits out of it.
- Smaller profits are easier to collect, eventually they sum up into a big one.
- Lessened exposure risk due to short time being in the market diminishes the probability of price turning against scalper before he collects profits.
Forex scalping is profitable for traders with the right approach!
Such small profits do add up quickly, so while a day trader is waiting and hoping for his big win, a scalper already has profits on the table and moves on to collect further gains.
The main advantages of scalping are:
- Small price moves which are more frequent than larger ones; this enables scalpers to be constantly in trade. Even during “quiet market” there are many small movements which are enough for scalpers to make profits out of it.
- Smaller profits are easier to collect, eventually they sum up into a big one.
- Lessened exposure risk due to short time being in the market diminishes the probability of price turning against scalper before he collects profits.
Forex scalping is profitable for traders with the right approach!
Tuesday, September 18, 2007
What is Forex Scalping?
Scalping in Forex is a trading style. Forex scalping is all about opening and closing positions in seconds or minutes at most once the trade brought some profits, usually about 2 to 5 pips. As Forex market price never stands still, there are always a way to earn on those constant price fluctuations.
Scalping can be adopted as a primary or supplementary style of trading. While scalping traders try to take as many small profits as possible before these profits “evaporate” and then traders move onto opening new trading positions.
Scalping results can be achieved only if a trader is ready to be constantly in trade and monitor all open positions closely. Scalping is indeed a hard work that involves a lot of concentration and fast decision making.
Scalping can be adopted as a primary or supplementary style of trading. While scalping traders try to take as many small profits as possible before these profits “evaporate” and then traders move onto opening new trading positions.
Scalping results can be achieved only if a trader is ready to be constantly in trade and monitor all open positions closely. Scalping is indeed a hard work that involves a lot of concentration and fast decision making.
Monday, September 17, 2007
Come on Google!
Come on Goooooogle,
Come and index my blog... :)
Waiting is boring. It seems to be true, you need 2 links pointing at you before Google Bot "eats" your content. Otherwise you are going to wait long...
Come and index my blog... :)
Waiting is boring. It seems to be true, you need 2 links pointing at you before Google Bot "eats" your content. Otherwise you are going to wait long...
Thursday, September 13, 2007
Forex minute trading blog
My blog will be just a way for me to share my thoughts about Forex trading.
I've been studying Forex for more than 2 years now and trading for 1 year.
I'm not the biggest dog out there, but I do a lot of work to become a successor one day and start making the real big money. Now consider me as a learner and explorer of the Forex world.
Join me from time to time to see what i have to say about Forex.
I've been studying Forex for more than 2 years now and trading for 1 year.
I'm not the biggest dog out there, but I do a lot of work to become a successor one day and start making the real big money. Now consider me as a learner and explorer of the Forex world.
Join me from time to time to see what i have to say about Forex.
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