What it's like to be moving around from program to program, trying to discover the "magic bullet" that will carry you assured dealing success. And I want to preserve you enough time, cost and vicious frustration of dropping into this snare and get you on your way to scalping forex currency trading viably as easily as possible.

There are many methods of scalping forex currency trading but one of the most versatile, most natural and most sensible methods is by concentrating on the "Price Action" of the industry When you use this strategy you will be choosing up the signs that the industry falls and you will know exactly what you need to do next.

The Spike Scalping System performs amazingly well in the intensely exchanged Currency trading marketplaces because both the Currencies (Forex) and the Treasuries (Bonds) have identical industry personalities.

What you'll need for scalping strategy:

Access to tick chart indicators

Metatrader

Tick graph indicators:

ADX (14)

DMI (14)

Metatrader indicators:

Damiani signal/noise

Momentum (14)

ADX (14)

What to do:

You want to scalp EUR/USD because of the low propagate and pretty excellent movements. Set the Mt4 graph to 1 min. Implement signs. Implement signs to examine graph.

You are looking to take benefits of rises of movements while maintaining failures very slowly. Obviously if Damiani says "Do not trade" you will do nothing.

Step 1:

Check if ADX is above 20. If it is, AND if Damiani is confirming excellent movements ("Trade") then go in the route indicated by DMI on your examine graph. It is pretty simple. The objective of Damiani obviously is to narrow, and believe in me, this program needs it. Go for about 4 pips per business, if you hang on for more you are asking to take a reduction, this is super regular scalping and deals usually are only start a short time. When you get into the business you should shift into benefit instantly, if it goes against you just get out. You'll get a lot of possibilities to create it returning. This technique is developed to get you into the industry exactly as the forex pair is going with energy in one route or another. Again, if it goes against you at all it's already a bad business. Take the spread plus the little reduction and get out.

I said to go for 4 factors and no more but very often there is such powerful amount that the cost will shift 20 factors for you before you can even near the business. This also indicates that you need to be conscious of the graph at all periods and be prepared to get out if it goes against you. This is very essential.