Your Questions About Scalping Forex
December 19, 2011 by Forex Guide
Filed under Forex Account
Linda asks…
Who is the best forex broker in the market?
In forex market who is the best broker?
Like tight spread in all condition, allow scalping
Forex Guide answers:
I think you’ll find that they each have their own pros and cons. I personally trade with Oanda, because they have really tight spreads, although they do get larger when big news comes out. They do allow you to scalp. The only real downside is the leverage isn’t that great.
Hope this helps
Sandra asks…
Automated Forex trading?
Hello i want to find an automated forex scalping system and an automated options on stocks system. Can someone help?
Forex Guide answers:
I have never heard of any automated system that actually worked. There are a lot of people who will try to sell you a bunch of expensive software packages of question value however. Be careful.
Ruth asks…
Which is the best trading style in forex.?
I have been trading in forex from past few weeks, i tried scalping but i haven’t found the expected results through it. Is there any better trading style u can suggest for me?
Forex Guide answers:
I would suggest you to develop your own trading style based on some technical and fundamental analysis. A mixture of both will definitely help you to catter better results.
I am using Finexo as my forex trader and i use Scalping and Day trading both to increase my earning potential. For further information on Trading styles you can check out my blogs on forex.
Mark asks…
Whats the best strategie to use in forex currency trading?
Currently Im betting EURvsUS for the long run
but I want to know if u can refer me to a page where I can learn more about scalping and other strategies
im using oanda.com fx game for practice , in the process of opening an account
Forex Guide answers:
The best way to learn is to test strategies out until you find a couple that work for you. Scalping is an art in Forex, but auto trading is a very powerful method. Find the one that you are comfortable with.
Donald asks…
ForEx brokers and limit order reliability?
Are most online ForEx brokers like FXCM or MB trading good at hitting your limit buy and sell orders? I’ve read so many mixed reviews online about slippage, scalping, etc. Many horror stories, but stories of success. If I have a plan that I’ve tested on a simulator that works, will it work with one of these brokers? (the simulator uses the same spread essentially with real historical data)
Forex Guide answers:
I have traded both MB Trading and FXCM live and have not had significant liquidity issues with either. However, to answer your question as to whether “most online brokers” are good at “hitting your limit buy and sell orders” mainly depends on the position size your attempting to enter the market with, the time of day and currency pair your attempting to trade.
And to answer your question whether your “simulator” will work with “one of these brokers” really depends on which code the simulator was created in. Is it an Expert Advisor coded for Metatrader? If so, MB Trading does not yet support the Metatrader software ( though are Rep there tells us they are working on it). MB uses the MBT Navigator which is much more difficult to create auto trading software for. FXCM recently began using Metatrader in conjunction with their FX Trading Station 2.0. Their Metatrader platform has huge drawbacks including not allowing demo accounts, not supporting multi-user accounts, and reportedly experiencing problems communicating between their FX Trading Station trade servers and their Metatrader Trade servers. I would recommend you google “Metatrader broker reviews” and find the brokers that best works for your situation.
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Your Questions About Scalping Forex
November 25, 2011 by Forex Guide
Filed under Forex Account
Jenny asks…
Does anyone know a good forex scalping system they have been able to use consistently with success? Thanks.?
I trade forex but I must admit it is tricky. Does anyone know how to scalp consistently and successfully? I do appreciate your answers in advance.
Forex Guide answers:
Whenever a system works, it does so by removing a little of the inefficiencies that allow it to work. The more you use the system and the more widespread the system’s use is, the less likely it is to work. Scalping has been around a long time so any current scalping system would be working on very thin margins on the brink of not working at all which is probably why so many have taken to selling their system rather than exploiting it themselves.
It’s relatively simple to come up with a system that seems to work but once you take into consideration the spread of the trade and the taxes, it’s quite likely there’s no profit and potentially a loss instead. The only mathematically rigourous system would be volatility pumping via Shannon’s Demon, however it would be very rare to find currencies with the volatility needed to overcome the spread and taxes of such frequent trades.
Carol asks…
What are the most effective forex scalping methods on the euro and pound?
Looking for some concensus on what might be the best indicators — and combinations of indicators — that folks like to use, with insight into their setups, preferable trading times during the day, etc.
Forex Guide answers:
MACD gives the best results and it is easy to use as well. If the MACD line crosses the signal line it means that it’s good time for entry in the direction the MACD line were going. But remember to look for a short trade if MACD line falls below signal line and if it rises above signal line just go along. Now assuming that the price of the currency pair breaks above resistance or below support after the MACD crosses the signal line, then it would be considered as a signal of a big move indeed happening. Both the upward and downward crosses are explained in the diagram above.
Why wouldn’t MACD work in a range bound market? The problem is that in a range bound market, if you base your market entry points only on the MACD then by the time the indicator catches up to the current price, the price may have risen or fallen terribly to such an extent that making a profitable trade would be near impossible.
The Euro was down on Wednesday as investors continued to price in the likelihood of an interest rate cut from both the European Central Bank and the Bank of England alt on today. The European Central Bank is expected to cut its core rate by half a percentage point to 1.5 percent, and the Bank of England is expected to lower its rate to 0.5 percent on Thursday, also by half a percentage point. Lower interest rates can weaken a currency as investors move funds to where they earn better returns elsewhere.
At 5PM GMT, the Euro was flat versus the dollar at 1.2573, down 1% versus the CAD at 1.61, and up slightly to the Swiss Franc at 1.4796.
Sharon asks…
Is it possible to make money scalping the forex market?
If you have a reference for how it’s done, like a website or the name of a book, please pass it along.
Forex Guide answers:
Be careful, you could lose your shirt !
Sandra asks…
Why some fx banks seige account of forex traders on the name of forex scalping ?
Forex Guide answers:
Never heard of that. Might want to switch to FXCM as your broker, if that’s happening to you.
Here is a site that will help you with your FX trading: http://comefollowme.zulutrade.com/Performance.aspx
It ranks the top 8000 forex strategies.
George asks…
i am looking for forex scalping method?
hi i have been looking for a good forex scalping method which really works ?if anyone know about it let me know i would be verythankful .thanks
Forex Guide answers:
The scalping method is usually based on three factors:
Liquidity – The more liquidity in a market then the more attractive it becomes to a Forex scalper as they can make more profitable trades in any given period.
Volatility – Only the most stable of markets are attractive to scalpers as a big movement is not what they are looking for. A stable market offers the chance to gain lots of small profits from many many trades
Time – A successful Forex scalper will not always begin trading at the start of a day. True, the longer they have to trade then the more they can make but patience is the key since it is pointless trying to scalp the Forex if market conditions are not right, for example in a period of large economic uncertainty.
As you can see, providing you have taken the time to learn as much as possible about market conditions then Forex scalping methods are not that difficult to implement. In many ways they are much more secure than other methods and this is why the method is becoming so popular.
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Greatest Forex Scalping Tricks That Works Every Time
May 9, 2010 by Forex Guide
Filed under Forex Trading
Download this 1 Minute Forex Trading System FREE. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Get these Forex Scalping Cheatsheets, the 10X Scalping Method and the Hot Time Indicator FREE! Have you ever struggled with your accuracy, with your confidence, or with your entries and targets? If so, Jason Fielder is willing to help. If you haven’t yet registered for his webinar tomorrow let me give you a few reasons why you’ll very much want to be there…
First he’ll be revealing one of his greatest scalping “tricks” that works EVERY time… (and it’s really cool!) Next he’ll be talking about how to move forward with your accuracy FAST and shatter any doubt of when to pull the trigger…Also he’ll be discussing how to instantly know when NOT to scalp the market… (this is just as important as when TO get in – believe me). He’ll be sharing some great stuff, and you’ll learn a lot by being there, so drop by, and you’ll be walking away with some great ideas on how to take your next trades.
Jason Fielder, Acclaimed Creator of the Delphi Scalper noticed that he’s been receiving a lot of questions about how to improve trading accuracy. It seems that many traders are struggling to get over what he calls the trading “hump”. And what he means by that, is taking your trading from the point where you are randomly pulling pips out of the market… To being able to do it consistently enough to count on growing your account over time.
So based on the feedback he’s been getting and the flood of questions he’s been getting, Jason’s decided to hold a webinar this Thursday, where he’ll be revealing some of his latest and MOST powerful trading insights to help you with your trading right away. In fact, he’s going to go as far as giving away his 4 most important trading secrets that made a monumental difference to HIS trading accuracy once HE began using them (and I dare say they will do the same for yours if you’re watching). So if you want to move forward with your accuracy and have a better idea of when to pull the trigger…If you’re looking for an easy way to know when NOT to enter the market…
Or if you’re simply looking to get a bit more of an edge…Make SURE to drop by Thursday where he’ll be sharing a few of his greatest tricks that will help you to be prepared in these ever changing markets. He’ll have some great surprises for you as well! I almost forgot – Jason has just recorded a very special video for you that shows you exactly how you can take a tiny winner and turn it into a MASSIVE run away home run…every time. With NO additional risk! As soon as you register, you’ll be taken to the special page – and I think you’ll really like what you’re about to learn.
Delphi Scalping Method Is Live Now!
May 6, 2010 by Forex Guide
Filed under Forex Robot
Master these Candlestick Patterns with this 82 page PDF FREE Candlestick Guide. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Get these Forex Scalping Cheatsheets, 10X Scalping System and the Hot Time Indicator FREE. The copies are flying off the shelves at a rate faster than anyone could have ever expected… But with all the buzz and the packed beyond capacity webinar we JUST finished, I shouldn’tbe too surprised! And no need to wait for your box to be shipped (it will come in the mail in a week or so) but you can get rolling within just 20 minutes, and begin taking the exact same “Ultra High Probability”, 70% accurate trades that Jason does everyday…
And remember these are the same trades that have allow Jason to make a full time living as a professional trader! Now I’m personally not a big fan of these high profile product releases that try and scare you into buying because they will soon sell out. So for that reason it feels strange to say this..They will sell out…It’s the truth – they’ve sold out every previous system they’ve released, and with a very limited number available, and a price far lower than they’ve ever sold ANY of their flagship trading systems for – Delphi may be the fastest sell out yet. So.. if you like the idea of taking the highest probability trades possible, and being done with your trading day, BEFORE breakfast:
And remember, this is your ONLY chance to grab my private, never disclosed before SUPER robot that has NEVER lost a trade in the last 3 years that I have been secretly using in my own accounts — go grab it as my FREE special bonus to you on this page, it’s YOURS to keep no-matter-what:
Bob Iaccino from Trader Outlook here: Two quick important updates.
1)The Delphi Scalping Method is now Live. As I’ve outlined in the chat room today, I’ll be taking a look at how it performs and you should too. There is a full money-back guarantee offered if it’s not quite what you were looking to diversify your Forex trading with.
According to the webinar they held today, you’ll get immediate access once you buy it, so for those of you pining for a scalping method you can get started immediately.
2)I’ll be giving a presentation for the folks at Compass FX tomorrow night. For some of you, this presentation may touch on a similar subject that I covered in their last event. But, there’s no fee to attend or register so come spend your Thursday night with me.
I just wanted to remind you know that the Free Forex webinar with Forex guru Jason Fielder is due in just a couple of hours, so make sure you go to this page right NOW: I am really excited about this and I am going to do something tha I have NEVER done before for this special occasion… I have been *quietly* using a custom made robot that has NEVER lost a trade in the last THREE years (YES – You are reading right!). Needless to say, I have been cashing a FORTUNE using it but as you can imagine it’s not available for sale and — frankly — it will never be.
These type of robots DO exist, but are very few and NEVER made available to the general public, as you can imagine. But I am going to let you in the “circle”… for FREE. Just look out with the link to this robot, it’s yours as my very special BONUS for Delphi Scalper at the only one condition that you will NEVER share it with anybody else… Sounds like the opportunity of a life time, doesn’t it! For now, just go to the webinar link NOW, I will be in touch soon: Here’s another treat, you can grab one of the 2 copies they are giving away for FREE just for registering on this link right NOW:
Anatomy Of A High Probability Scalping System FREE Report
April 30, 2010 by Forex Guide
Filed under Forex Strategies
Get these Forex Scalping plus Correlation Trading Cheatsheets FREE plus the 10X Scalping Method the Hot Time Indicator FREE. Download this 1 Minute Forex Trading System FREE that makes money anytime instantly. Bret Fogle, President, Options University: If you used to think scalping only meant taking fast trades for quick (and small) gains…. … or if you thought scalping was only for the ultra-high risk takers…Then you need to check out this video for some surprising information: Also, you’ve probably been hearing a LOT lately about the Delphi scalping system. And if you haven’t seen the Delphi’s 10x method in action, you REALLY need to check it out right away… Here’s why:
Not only does it reduce your risk to the point where it averages 7 winning trades out of every 10 it takes… (That’s not bad, considering you can make a fortune by only being right 51% of the time)…But, it shows you how to turn smaller 10, 20 or 30 pip trades into 100, 200 even 300 pip home runs… on a regular basis! And with absolutely NO additional risk. Check This video comes down soon, so I’d advise watching it as soon as possible. I think you’ll be tremendously impressed. There’s even a bonus video showing how the system took another 3 straight successful trades today… with absolute ease (and as a Delphi owner, YOU would have had the exact same trades yourself!) Here’s that information page again:
Norman here from The Disciplined Trader Intensive Program: The HYPE is abound! Your likely seeing a lot of promotional emails lately about Jason Fielder’s new FOREX Scalping Program, Delphi. And it probably will last for a week or two more. But how do you know if the “hype” equals the “value”. Well, you NEVER really know without buying, but you can get a pretty good sense if they show you some “samples” and give you some “good information”.
Well, I just went through their “sample” videos, which will eventually lead to the “buy the product” offer…And one of the Videos (there’s actually 2) under the title, “Anatomy of a High Probability Scalping System“was actually filled with some very good info. After you give them your name and email, look halfway down the page…One interesting point that struck me…Jason believes that FUNDAMENTALS are important to Scalpers.
What? The MOST GENERAL information you can get… fundamentals, having some impact on Scalping? Actually, Yes. And Jason makes a good point. And there are other important points made in his Anatomy analysis, one of which is his take on your eliminating emotions … because scalping is an intense way of trading. Anyway, see for yourself… the main video on The Anatomy of a High Probability Scalping System is only 10-minutes long… so you may want to take good look…
