Monday, January 5, 2009

Forex Scalping Secrets For Success


Forex scalping is one of the most popular ways for traders to make money online - so what are the Forex scalping secrets for success you need to know and how do you win big? Let's find out...
The challenge of Forex scalping is to in just a matter of minutes or hours work out what a huge diverse mass of traders are going to do.

These traders all have different aims objectives motivations and skills so how do you know countless millions of traders are going to do and how can you profit from them?
The answer is Forex scalping secrets for success don't exist because, Forex scalping doesn't work. It's simply one of the dumbest ways to trade and here are some facts you need to know.
Forex Scalping System Track Records

They all have great gains but look closer and you will see it's a paper back test knowing the closing prices and that's easy. When the system trades for real dollars it gets smoked, as you don't get the closing price in advance in the real world.
All short term volatility is random
Support and resistance cannot be used to trade off when volatility is random and if you can't do that, you cannot get the odds on your side and you will lose.
The Myth of Scientific Movement
Many scalpers think the market moves to mathematics and science and don't believe price movement is random but it's obvious that mathematics is no help at all in trading. All the predictive theories get turned to dust. If of course there were a mathematical theory that worked, there would be no market as we would all know the price in advance.
A Better Way to Trade
If you like short term trading, then try Forex Swing trading, you can get the odds on your side and can win.

Forex scalping secrets is a catchy headline but day trading is really gambling and if you like gambling, that's fine but I would rather go to the casino, at least you have some fun losing!

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.

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