FOREX SCALPING - Rapid Forex.pdf

(2524 KB) Pobierz
Microsoft Word - FOREX SCALPING - Rapid Forex.doc
___Forex Scalping
FOREX SCALPING
“Tiny Trades For Terrific Profits”
eBook By Robert Borowski
© 2005 Evergreen Forex Inc.
Read Legal Info & Disclaimers at end of Document
Use of this material is subject to the legal terms, conditions, and understanding of the
statements at the end of this document. Unauthorized redistribution of this material is
illegal, strictly forbidden, and will be punished to the fullest extent of the law. Read the
legal text provided at the end of this document.
1
169883499.005.png 169883499.006.png
___Forex Scalping
This eBook has been formatted for easier on-screen reading
I dedicate this eBook to Brian. Little did I expect when small
coincidences introduced us that you would become such a huge part of
my life. You are far more than my business partner and best friend –
you are a kindred spirit. You have enriched my life and exponentially
added to my own boundless enthusiasm. I cannot express my immense
gratitude for getting to know you, and can’t fathom the marvelous
journey yet ahead of us.
2
169883499.007.png
___Forex Scalping
TABLE OF CONTENTS
Prerequisite Reading
Introduction
Welcome
What is “Scalping”?
The Joy of Scalping
Great Expectations
Use with “Forex Freedom”?
Warning
Basic Considerations
Practice Makes Wisdom
Tools of the Trade
Your Computer
Serious Trading Computer
Broker
Charts
Practice Account
Broker Spreads & Tradable Currencies
Pip Padding
Overview of the Techniques
Stop Frequency
Equity Management
Kamikaze Scalpers
Currency Pair Choice
The Techniques
Trading Mechanics
Premises of Scalping
Picking Tops & Bottoms (Part A)
Petit Trends
Stagnations
Sharp Reversals
Caffeinated Market
Secure Your Entry
Bi-Directional In-Wave Entry
Safer Stops
Fibonacci Guidance
Specialized Fibonacci Observances
Adding S.E.X. Lines
3
169883499.008.png 169883499.001.png
___Forex Scalping
Exit / Enter Reverse Thinking
Picking Tops & Bottoms (Part B)
Compounding Gains
Watching Multiple Charts
Bigger Perspectives
The Opportunities
The Four Main Opportunities
Micro Trends & Trends
Pattern Breakouts
After FA
Within Ranges
Additional Tips
Modified Slanted Channel Surf Zones
Day Running Scalp
Creative Combinations
Scale Shifting
Sunday Trading
Quick Trends
FA Considerations
Wine & Cheese
Extra Examples
The Beginning
PREREQUISITE READING
This eBook assumes that you have already read the following eBooks:
• Forex Surfing
• Explosive Profits (revised edition)
The above are prerequisites as this eBook assumes that you already
understand a lot of the concepts originally taught there and those concepts will
be referenced but not repeated here.
4
169883499.002.png 169883499.003.png
___Forex Scalping
INTRODUCTION
WELCOME
Is it possible to score hundreds or even thousands of dollars (euro, pounds,
yen, whatever) of profits in just a few minutes in the Forex markets? Yes it
is! In this eBook we explore the fun & wildly profitable technique of
“scalping” in the Forex markets. It is amazingly simple to learn and you’ll
probably be able to proficiently start using these ideas today!
Here we shall look at a few variations of how to accomplish “scalps”. We’ll
discuss the pros and cons of this style of trading, and how to be well on your
way to success with these techniques.
WHAT IS “SCALPING”?
“Scalping” can have various descriptions depending on whom you ask. Some
folks would say that some “Forex Surfing” techniques are considered “scalps”
due to the small size and duration of the trades. Different traders have
different techniques for scalping, but one thing that can be universally agreed
upon is that scalping involves tiny trades (both in amplitude and duration).
Typically, “scalping” is a specialized technique that involves making a tiny
trade to capture a very small movement in the market. Whereas a “position
trader” may engage in trades that are intended to last for multiple days to
months (aiming for targets of hundreds to thousands of pips), and a “day
trader” typically engages in trades that are intended to last for less than a day
(aiming for targets ranging from 20 to 100 pips), a “scalper” engages in trades
that might only last a few minutes aiming for targets of 5+ pips.
A scalper typically trades multiple Forex lots (mini or regular lots depending
on the size of the account and risk tolerance), often more lots than one would
normally trade if trading as either a “day trader” or a “position trader” (simply
due to the fact that those styles typically require larger stops thus shrinking the
amount of lots one can safely trade according to equity management
principles). By trading more lots a scalper can achieve significant gains
comparable to the gains expected by day & position traders in the same time
span even though the scalper engages in much smaller individual trades. For
example, a scalper that succeeds in capturing just 5 pips could have made
$500 in under a minute if he traded 10 regular lots. In some circumstances
5
169883499.004.png
Zgłoś jeśli naruszono regulamin