FOREX SCALPING SYSTEMS

Of all the various ways that exist to trade the Forex Markets, I think Forex Scalping Systems are my absolute favorite!  It’s a fast-paced trading style which keeps me riveted to my computer screen for the 2-4 hours I trade each night.  I’ll even go a little farther and say that using Forex Scalping systems is as close to the Las Vegas feel you’ll find as a Forex Trader.

But unlike Vegas, if you are using a solid, tested Forex Scalping system, the odds of profiting are firmly on YOUR side, as opposed to the House.

There are a variety of opinions on how best to “scalp” the Forex markets, and like anything else in life, a few of those opinions are well thought out, based up fact and testing, and worth giving some consideration.  The rest, well…

The basic idea behind Forex Scalping Systems is that you get into the market, earn a couple of quick pips, and get out with profits intact.  Do this a few times a day and you can easily make 20 pips per day. And if you’re making 20 pips a day, you are on track to Millionaire Status in less than three years.

The Forex Scalping System I use is actually simple to set up, involving only a pair of ema’s (exponential moving averages) and a pair of lesser known indicators that tell me when to enter into a trade and when to exit.  I also trade this system only on a 1 minute chart, and only on the EUR/USD pair.  Finally, I only trade between the hours of midnight and 4 a.m., Eastern Time.

This may sound like a lot of rules, but they are there for a reason.  I use the 1 minute charts (instead of 5, 10, 15 or 30 minute charts) because the shorter time period gives me on average 8-10 trades during a 4 hour period.  Using longer time frame charts gives me fewer chances to trade during a normal session. 

I limit my trading to a single pair, the EUR/USD, simply because using a fast-moving chart requires all my attention to make sure I don’t blow an entry or exit signal, and having to watch 2, 3 or more pairs at the same time will leave me open to too many mistakes.  Also, the EUR/USD pair carries the highest pip value, and I want my time to carry the most value possible.

As for my midnight to 4 a.m. trading session, after a lot of trial and error, I’ve narrowed down this time period as being the most profitable for my system.  Technically it will work around the clock, but I’ve found I can make more pips and suffer through fewer losing trades by limiting my session to this 4 hour period.  Other Forex Scalping Systems might work better in a different time frame.

I still use my other systems, including Trading the News, but almost 90% of my trading (and my profits) now come from my Forex Scalping System, details of which I list in my book found at www.Simple4XSystem.net.

If you want the full details (including the exact ema's and other indicators I use to Scalp the Forex Markets) click on the link below and claim your own copy while there are still a few available.