Forex Trading - Scalping Your Way to Fast Money

Forex Trading - Scalping Your Way to Fast Money

There are a number of ways to make fast money trading Forex. It is the most liquid and available market known to man. I also know that scalping is one of the fastest and time tested means of Forex trading around. What is so nice about scalping is how many opportunities a trader gets in a day to be able to pick up pip after pip. Let's first back up and first talk about what exactly scalping is.

Scalping involves trading on a minuscule level and deals on a very limited period of time. These trades are based on a high probability with very tight stop losses. The old adage with scalping is only partially true. "Ït takes a million trades to make a million dollars."If that were really the case then scalping would be a fool's game since the cost of broker's fees would kill a Forex trader. The real truth is that a scalper can do very well and in fact get wealthy off of scalping for substantial enough trades but not staying in the trade too long. Exactly how to do this well comes with experience and it is best to paper trade first until you become familiar with how to do it.

There are different forms of trading on the Forex market when it comes to scalping and they are:

1. Time-sensitive trades
2. Trend continuation trades
3. Counter Trend trades

In conclusion, I recommend that all Forex traders use technical analysis tools (especially the MACD and RSI) when scalping as it acts as a great confirming tool in the Forex arsenal.

For years now we have been using our successful strategy to place trades day in and day out. We have mastered a system that scalps the market whenever there is any price movement, and its 100% programmed and ready to begin trading for you. It’s true…. The IvyBot is one of the most revolutionary automatic robots to hit the market.