It seems the latest and greatest trend for people is Forex, and the more I research the more I hear and learn about scalping. I'm no expert by any stretch of the imagination, but Jason Fielder from TriadFormula.com seems to have the lowdown on how to do it...and how to do it right! I've asked him to come and break some of his methods down for us so we can continue to diversify and stay profitable! As always the comments are open and Jason is looking forward to answering any and all questions.
-------------------------------------------------------------------------------
If you are currently scalping FX markets (or are planning to), there are certain universal rules that you simply need to know to survive. Beyond these rules exist another level of knowledge that very few traders possess...
Scalping the Forex market brings certain challenges that you don’t have when trading on larger time frames. For example, if you are trying to take 100+ pips out of the market with a spread of 2 pips, the cost of this trade is only 2% of the total. Now, if you are scalping for 10 – 15 pips with a 2 pip spread, the cost of this trade is as high as 20%.
Continue reading "How To Scalp The Forex Without Getting Burned"
