I am a great scalper, and price action trading can be a very successful way of scalping the Forex markets.
What is scalping the Forex markets?
For those of you that are not aware of what scalping is, its basically the process of entering and exiting trades very quickly for just a few pips profit. Scalping trades can last anything from a few seconds to a few minutes. Scalping can be a really effective way of making money from Forex trading very quickly, but it can also be a very high risk strategy if you do not know what you are doing.
Many traders end up as scalpers, as they do not really understand the markets, so they try to jump in and out of trades quickly, and make a few pips on each trade. When you do not understand how to scalp effectively it becomes a very high risk Forex trading strategy, as scalpers tend to have much larger stop losses than other traders, some scalpers even trade without stop losses.
If a bad scalper enters the market at the wrong time, price can quickly move against them, and a series of half a dozen winning scalping trades, can be wiped out with one single losing trade.
How can price action trading be useful in scalping?
Price action trading is all about understanding price, and predicting with high probability what will happen next. To be a successful scalper you need to have a complete understanding of price action trading, this will enable you to enter and exit the markets with precision and take your pips effectively, rather than just jumping in and out, and hoping you make some pips. This type of reckless trading is very stressful and can be very costly, and should be avoided at all times. Trading should be relaxed and calm, and you should be entering the trade logically, and with a complete understanding of what price is likely to do.
Can you teach me how to be a successful scalper?
The short answer is yes. I teach advanced price action trading. What i can teach you is as close as you will get to a perfect trading strategy. That is a bold claim i know, but i am 100% confident in what i do, and my strategy if followed correctly will produce a 90% plus win rate, so if you want to be a scalper following my strategy will make you a great scalper, if that is what you want to do.
When you have completed my Forex training course you can trade how you want to trade. So if you want to be a scalper, you can do that, if you want to be a swing trader, you can do that. Whatever trading style you have, or wish to have, you can apply it to what i teach.
I like to trade based on what the market is giving me. If there is an opportunity to make 50 pips i will take them, if the opportunity is there to only make 10 pips i will take them too. I trade logically, and i take what the market gives me, and to trade that way you need to have a complete understanding of advanced price action trading, which is what i teach.
So yes you can use price action trading for scalping the Forex markets, and in my opinion you do have to have that knowledge to be a successful scalper, but when you do have a complete understanding of price action Forex trading, why would you want to be a scalper and take 3 or 4 pips from a trade when you can take 50? 🙂
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