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Monday 4 May 2009

FX Scalping Universal Rules!

Fellow trader,


If you are currently scalping FX markets (or are planning to), there are certain
universal rules that you simply need to know to survive. Beyond these rules exist
another level of knowledge that very few traders possess...
This private document will begin to shed some light on what you likely don’t know
about how to successfully scalp the Forex markets in such a way that puts the
market at the mercy of your trades…not the other way around, as is so often the
case.
Scalping the Forex market brings certain challenges that you don’t have when
trading on larger time frames. For example, if you are trying to take 100+ pips out of
the market with a spread of 2 pips, the cost of this trade is only 2% of the total. Now,
if you are scalping for 10 – 15 pips with a 2 pip spread, the cost of this trade is as
high as 20%.
So, if you are going to be scalping the Forex market you need to be very strategic
with your approach, or you will get eaten for breakfast. There are literally hundred
of sharks out there in the form of highly skilled professional traders, and large
banks that are waiting to prey on the individual retail trader like you, who so often
have no clue what they are doing.
For the sharks, you are easy prey, and easy profit, and your loss is always their gain.
They literally profit on all of your losses, and for them it's like shooting fish in a
barrel.
So in order to avoid being the prey, you need to have a solid understanding of how
the markets work. Armed with the knowledge you are about to receive, you will not
only be protected from sharks, you will also be in a power position that will allow
you to consistently scalp profits out of the market over and over again...just as I do.

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