Posts Tagged ‘scalping forex’

Scalping Forex During The Best Time of Day

Wednesday, November 2nd, 2011

There are many choices when scalping forex. Not only do you need to find the best currency pair that has good liquidity, good spreads, and is forming a trading signal, you, too, have to be ready to trade.

Especially when scalping forex, you must be trading during a time of the day when there are other traders and scalpers participating in the markets. And, usually, the best time for this is during any market session open and any market session close. The two periods of time that you have to be most careful about are the Asian open, and then US Close. The reason is… there are simply fewer traders who are actively trading during those times when compared to the other session opens and closes.

Scalping Forex Time Slots

You can find the actual times when the market sessions open and close by using certain utilities, such as World Market Hours. Remember, though, that sometimes trading may get started a bit earlier than the posted times.

Also, be sure that you are well-rested and that the time when you select to scalp forex. It is important that you be able to make clear decisions, and if you’re considering trading during a time when you are normally sleeping, then be careful. You may want to “train your body” for a while if you want to trade a particular session.

For example, if you are in the United States and want to scalp during the London Open, that will be in the very early morning hours for those on the East Coast of the US. The main thing is, even though that is my personal favorite time to trade (because I like the way the markets move then), it may not work with your body clock. Again, you want to adjust your body clock so that scalping forex at that time of day works for you.

Scalping Forex Confidently

Tuesday, November 1st, 2011

You can be an expert in scalping forex if you have the right tools, and the right strategy. The currency markets provide an incredible opportunity for those who are willing to put in the effort. Even though your financial advisor or even your family and friends may tell you scalping in the foreign exchange market is risky, they are not fully are of what they are saying, even if they have tried it before.

Real forex scalpers who have the best training and tools to scalp the forex market actually have an edge of other traders who use traditional methods such as swing trading and position trading. As a forex scalper, you need only to see the right setup on your charts, and you can take your scalp and be done for the day without having to draw lots of lines on your charts and agonize over what to do, and when to do it.

Now, Metatrader is a fine trading platform, and it works quite well, but the software is designed for the benefit of forex brokers, and not you, the regular trader when scalping forex. I won’t go into all of the details here, as you can find them elsewhere on the website. But, you need a charting platform and broker to make your forex scalping pay off.

Start Scalping Forex Logically

What we do with Logical Forex in our analysis and strategies allows us to quickly see the actual price flow in the market, and by further seeing where the large-equity traders are setting up their trades, we simply jump on their coat-tails and use your system to take pips and put them in our pockets… just by taking a stress-free scalp of the overall large price movement.

Scalping can be fun when you don’t fight the big money traders, and just follow along with what they are doing. And, with Logical Forex, you really can enjoy forex scalping, unlike those who are just parroting that it is “too risky”. Scalping forex is not risky if you do it right.

Can You Scalp Forex All Day?

Saturday, October 15th, 2011

Sometimes it is easy to get carried away and get so absorbed when scalping forex that you lose track of time, and even your profits (or losses). It’s important that you have realistic limitations to how many trades you can make in a day, what lot sizes you will trade, and so on.

How much forex scalping is too much?

With Logical Forex, we prefer to take one, maybe two, VERY large-lot size trades. We’re comfortable doing that because we are confident in our forex scalping strategy. When forex scalping in a way that you can identify proper trade setups, it’s generally best to just take your “big trade” and then go do something else for the day.

Now, if you just like forex scalping so much that you want to sit at your computer all day, you still need to be sure and take a few breaks, but even more important, reduce your lot sizes. After my “big lot” forex scalp, I typically reduce my lot size to about 10% of what “big lot” scalp. That gives me 10 times I can be wrong while I am being Mr. Frequent Forex Scalper.

Keep in mind, too, that you really only need to be scalping forex a few times during the day: at every market open, and every market close, are generally the best times. I consider New York “noon hour” and sometimes a bit past that as the “close” of the US forex trading session.

So, yes, you can scalp forex all day… but you don’t have to do that unless you just enjoy it. And, if you’re forex scalping for a living, be sure to reduce your lot sizes after your “big lot” trade. You always want to protect your profits, and remain cautious in scalping any more after you have made money. After a while, you’ll begin to enjoy your forex day trading activities, and know that forex scalping is a lot of fun, whether you trade once or multiple times per day.

Forex Scalping Requires Commitment

Sunday, October 9th, 2011

One of the things that I find puzzling is how little effort and commitment most people are willing to do to become a professional forex scalper and forex trader – even though forex scalping is a serious business. Risking money is, for most people, a serious proposition, and care must be taken to preserve your capital.

Forex Scalping and Fantasies – A Bad Match

It seems that most people want to hit a magic button and have all of their trades work out for them. Yes, that kind of system will work, but it generally requires a lot of cash, and a lot of patience, and a lot of tolerance to drawdowns and risk.

It’s usually better to actually participate in your own financial choices. That’s especially true with forex scalping, where you want to make your own personal decision about a trade… when to get in and when to get out. YOUR choices. YOUR profit. YOUR control.

Forex Scalping, when done right, takes very little time

If you have the right forex scalping strategy, and the right tools, then you can be finished with your trading day very quickly. It’s the old adage: use a hammer as a hammer to drive a nail, but don’t try to screw in a nail with a hammer. Equipped with a forex scalping system that provides the right stratgey and tools will take you a long way toward accomplishing your desires.

Explore what is "out there" of course. You have to find a method that works for you. But, when you’re convinced that you are committed to yourself, and are ready to become a consistently profitable forex scalper, get started with Logical Forex, a forex scalping strategy with an easy-to-understand tool that you can learn and apply, just like your own personal forex hammer.