Forex Scalping - Make Regular Profits to Build Long Term Wealth
Every trader wants to go in and out of the market, a hundred dollars richer. However, it is important to know that day trading simply does not work, and intra-day trading will only get the person t...
Every trader wants to go in and out of the market, a hundred dollars richer. However, it is important to know that day trading simply does not work, and intra-day trading will only get the person trying it scalped.
Why doesn't it work? The answer is simple: everyday, trillions of dollars are traded by forex traders who fall into these categories:
1) Hedgers or those who don't look for profit in currency fluctuations but to simply hedge their portfolios;
2) Central Banks or those who intervene occasionally to stabilize currency or the market when they deem it necessary. These are the big players.
3) Large Traders or those who have big capitals and are professional money makers;
4) Small Speculators or everyone else.
All these are individuals who each have their own thoughts and moves, and it is simply impossible to predict what they will do next move.
Many become attracted to marketing copy which promises instant profit and low risks. But this kind of trading is not low risk because you cannot predict where the prices are going, therefore making it impossible to get the odds in your favour.
No day trading has real-time track records of their profits, forex scalping, instead of being a guaranteed way to win in the forex market, is actually a sure-fire way of losing quickly. Normally scalping do not have a stop loss, because you must be fast to enter a trade and fast to get out of a trade too.
Article Tags: Forex Scalping
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ABOUT THE AUTHOR
Timothy Stevens is a Forex Options Trader who owns http://www.NonDirectionTrading.com - He has helped hundreds of people on Trading Forex with Options.
He has recently developed a free e-course showing you a step by step process for starting your Forex Trading easier. To learn how to start Forex Trading with Options without wasting your time and losing more money, visit http://www.NonDirectionTrading.com/members/FreeReport.htm