Forex Scalping

1-This article is all about forex scalping for beginners and a key fact you need to learn, if you are thinking of incorporating it in your forex trading strategy - If you don't understand this fact, you are 100% guaranteed to lose, so here it is...

Forex scalping is based on dumb logic and doesn't work. Before we look at why, lets dispel the myth that vendors selling scalping systems make money - they don't. You will always see this with any track record - read it carefully:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
Personally I think the above should be banned and vendors should NOT be able to present track records that are not real, as they are totally meaningless.

Let's face it who couldn't make money knowing the closing prices?

My little Niece could beat George Soros (and she's only 9) if she knows the closing prices! The problem is we can all be multi millionaires quickly with this info - but trading forex is a little harder, we have to trade not knowing the prices in advance.
Check any forex scalping track record you like and you will see the above or a similar disclaimer. I did see one that printed the vendor's bank statements as proof the system made money but that profit was probably from selling systems not trading!

Of course there were no supporting broker statements.

So why is forex scalping destined to lose?

Think about how prices are determined:

Millions of traders all with different systems, motivations etc all as a mass group decide the price and you CANNOT Predict what this group will do in a matter of hours.

All short term volatility is random in nature, you cannot use short term levels of support and resistance, so you cannot get the odds in your favor and you therefore cannot win at forex scalping and that's a fact.

Forex scalping and day trading is an area where you won't make money, so don't bother trying. If you must trade short term use forex swing trading - its still short term but you can get the odds in your favor and that's what you need to win at forex trading.
Today there are many vendors who simply lie about the profit potential of forex scalping and hope the naïve or greedy trader falls for it - make sure you don't.

Forex scalping always reminds me of the old burger king ad where they claimed to have more beef in their burgers than McDonald's and in the ad the man picked the burger up and said:

"Where's the beef?"

In forex scalping terms translated means:

Where is the real audited track record?

To be fair it's not a fair comparison.

There was of course beef in the McDonalds burger - but you won't find any profits in the track record of a scalper, just a made up track record done without trading!
So our lesson is in terms of forex scalping for beginners - forget it, try a different way of making money in forex and if you want to trade short term - try swing trading

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• Introducing Broker
• White Label
• Money Manager

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ForexGen provides appropriate services satisfying the needs of all business partner's specified situation and requirements.

Forex Scalping for Beginners - Learn This Simple Fact or Lose!

This article is all about forex scalping for beginners and a key fact you need to learn, if you are thinking of incorporating it in your forex trading strategy - If you don't understand this fact, you are 100% guaranteed to lose, so here it is...

Forex scalping is based on dumb logic and doesn't work. Before we look at why, lets dispel the myth that vendors selling scalping systems make money - they don't. You will always see this with any track record - read it carefully:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

Personally I think the above should be banned and vendors should NOT be able to present track records that are not real, as they are totally meaningless.

Let's face it who couldn't make money knowing the closing prices?

My little Niece could beat George Soros (and she's only 9) if she knows the closing prices! The problem is we can all be multi millionaires quickly with this info - but trading forex is a little harder, we have to trade not knowing the prices in advance.

Check any forex scalping track record you like and you will see the above or a similar disclaimer. I did see one that printed the vendor's bank statements as proof the system made money but that profit was probably from selling systems not trading!

Of course there were no supporting broker statements.

So why is forex scalping destined to lose?

Think about how prices are determined:

Millions of traders all with different systems, motivations etc all as a mass group decide the price and you CANNOT Predict what this group will do in a matter of hours.

All short term volatility is random in nature, you cannot use short term levels of support and resistance, so you cannot get the odds in your favor and you therefore cannot win at forex scalping and that's a fact.

Forex scalping and day trading is an area where you won't make money, so don't bother trying. If you must trade short term use forex swing trading - its still short term but you can get the odds in your favor and that's what you need to win at forex trading.

Today there are many vendors who simply lie about the profit potential of forex scalping and hope the naïve or greedy trader falls for it - make sure you don't.

Forex scalping always reminds me of the old burger king ad where they claimed to have more beef in their burgers than McDonald's and in the ad the man picked the burger up and said:

"Where's the beef?"

In forex scalping terms translated means:

Where is the real audited track record?

To be fair it's not a fair comparison.

There was of course beef in the McDonalds burger - but you won't find any profits in the track record of a scalper, just a made up track record done without trading!

So our lesson is in terms of forex scalping for beginners - forget it, try a different way of making money in forex and if you want to trade short term - try swing trading.

ForexGen Academy

If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities offered in the ‘FOREX’ market, Forexgen has created ForexGen Academy to give you the chance to get a ‘FOREX’ education and improve your trading skills. No hard expressions, no buzz words, and no rocket science language are used throughout these lessons.

5 Reasons You Have to Start Forex Trading | ForexGen

Why should you consider foreign exchange, trade or currency? One compelling reason is that a huge business, trade nearly two trillion U.S. dollars / on a daily basis. Access to money and went from there to be informed trader. Foreign exchange market is the largest in the world. It is larger than the United States and the stock market, and daily trading volume larger than all stock markets in the world combined. The following list contains some of the reasons why Forex is a smart move.

It's easy :

If the idea was to trade the stock market is intimidating, you're not alone. There is no way that any person, including the Professional and brokers, can know a lot about each stock options. Therefore, a large number of traders or professionals to focus on certain areas of the stock market, leaving many individuals to rely on the views of professionals, who may or may not be good at the craft. Trading on the foreign exchange market, by contrast, is much simpler. Major currencies in circulation are the dollar and the Japanese yen and British pound. There are less than for tracking, even conducting research and analysis can be much easier.

You can do so from home :

If you wish to participate in trade in currencies, all you need is a computer and a bit of time. Granted, some research is wise if you want to make better choices. But what is that you have an idea of your strategy, you can conduct transactions via the Internet minimum fees and without having to pay professional to do this for you (although this is the option). There are a number of options available over the Internet to trade foreign exchange, and therefore will need to conduct some research to determine the best option for you. If you know other than trade in this way, and ask for preferences. A search for pictures of simple trade currencies would lead to many results, and review and choose carefully.

Investment is the minimum :

From engaging in currency trading, you do not need to invest a lot of money in advance. Many commercial options available to invest a small sum, some low a few hundred dollars. This allows new traders in particular to get involved, learn the process, and very little risk. Trade in the foreign exchange market, you need to determine the extent of risk your own, and not invest this amount above. Because the initial investment may be low, and can get a lot of people participate, which might not be able to invest in other options such as traditional equities. Forex trading is a good way to enter the commercial market.

You can earn money:

While the trade on the foreign exchange market takes some research, skills and a little luck, it is possible to obtain money. Enormous potential payments sometimes exaggerated, but there are traders make large sums of money in this market. The key to this is to know what you are doing and make smart choices. This may include determining how you are able and willing to risk, taking risks when necessary, and learn as much as you can on the market. Trading on the foreign exchange market also gives you more influence in other markets. You can use smaller amounts of money to your advantage, and business process simpler than in other markets.

It is flexible :

Trading on the foreign exchange market is twenty-four hour operation, which means that you do not need to wait for the opening and closing of the exchange of know where you stand. You can make trades at any time of day, which lets you control much more than if you work in the traditional stock market. This also allows traders to respond to breaking news immediately. Advantages enjoyed by real-time trade is the benefit of traders that a better understanding of their investment. On the contrary, in the traditional stock market, after hours activities, for example, can affect stock values, but does not affect immediately. If you are interested in trading on the foreign exchange market, in your search. Many businesses on the Internet provide information free of charge. More you know, the better you will be able to make decisions. Many of these same companies offer free trial periods in addition to, which you can use to get the feet wet and determine whether currency trading is for you

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Forex Trading Education | ForexGen

Many Americans interested in access to participation in trade in currencies. Before we do this, you must obtain currency trading education. You should never engage in currency trading Forex without education. Forex Trading with the proper education, you can be on your way to profit-taking salary.

First you need to understand what is the trade currencies. Forex short of foreign exchange. Forex trading is one of the one country currency exchange currency of other countries. Thus, the right sometimes, you can obtain a profit. A Forex education can teach you how to do so.

The first part of the trade exchange and education to know the background of the market. Foreign exchange market is always changing. Forex Trading with education, will learn how to monitor these changes to be useful to you.

The next part of the trade exchange your education is to learn more about controlling the risks and risk management. You learn to control yourself and not to invest in the excitement of the opportunity to earn money. You can also learn how to reduce your losses (how to exit trades before losing your losses exceed your limits). I always lose money when it first started trading currencies. This part of your currency trading education is absolutely crucial to whether you will make large or ends in a pit.

Another important part of trade exchange your education is to learn how to open and manage trade currencies at the expense of your own. Forex Special Education First you should practice with a demo account. In this way, you know wires through the exercise of trade with Forex play money. There is no risk involved, but what is realistic because the real thing. Forex Your Education should also let you know that when you're ready for something real. You must then and only then, and open an account Forex live.

There are many ways to obtain the currency trade education. The best place to get trade currencies and education on the Internet. There are many sites available free accounts that let you offer free and open trade currencies for the exercise of your own. There are also avaiable free seminars that are sometimes random. The best thing to do is get some advice from someone who is the current foreign trader. It can give you some down to earth insight on the subject of trade currencies.

Now you know a bit about trade currencies and the time has come for you to go out and access to quality education trade currencies. No haste and take your time. There are a lot of money involved in trading currencies. It is better not to get by yourself

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