An effective way to reverse a trade’s fortune Almost all trading books focus on “winning” trades. But winning trades can be hard to come by, especially when you’re just starting out. Turning Losing FOREX Trades into Winners takes a look at this discipline from a different angle, examining effective methods for dealing with trades that are in a losing position. First, it guides the trader through the various steps of determining if a trade is with or against the overall trend. (more…)
Yes you can make fast cash in Forex Trading
Forex scalping is a strategy used in trading where the profits come from very small changes in the prices. They are normally very short-term strategies and quick in less than seconds
Many of the Forex traders that use the scalping strategy place stops and take profit.
Remember that this type of strategy is too demanding and challenging.
You need to be watching the market constantly to make quick decisions.
Forex Scalpers make their profits on small price changes; this scalping method requires a forex trader to have a very strict exit strategy, because if the trader incurs even just one big loss they lose all of their small gains. Having the right tools for scalping is a big part of winning. Fast internet connection is worth having. Direct access to a good broker and of course the will to place as many trades as possible to make the scalping work.
If you can buy trading robots, robots have no emotions and when trading emotions can cause big losses!
Scalpers play the spread, (means buying at the bid price and selling at the ask price, to gain you have to have a broker who has low charge and no commissions. Scalping, unlike some other techniques, can profit even when the big and ask don’t move at all, as long as there are forex traders who are willing to take market prices. Forex Scalping involves entering and exiting a position very fast, within minutes and even seconds.
If you’re looking to make fast money in forex trading with small risk, then Forex scalping is the way to go. The only problem with Forex Scalping is the Forex Brokers don’t like traders that do it and will suspend your account if you do it! It is legal and it is not against the law! Forex Brokerage Firms don’t like it because they can’t make money on forex trader who does scalping. You have to find a broker who permits forex scalping technique.
Remember that Forex (the foreign exchange market) is not suitable for all investors. It is possible that you could sustain a loss of some or all of your investment.
by Adma Dababneh