Scalping Forex Market for Huge Profits

Many traders enjoy scalping the forex market and there aim is to accumulate a large number of small profits to build long term profits. Let's look at how to enjoy forex scalping
success...


So there you have it - there made up paper profits, knowing the closing price history, well that's not hard - the hard bit is trading going forward and not knowing the data!

So all the scalping systems you see have made up track records on paper which have never been traded - check any sold online and you're sure to find the above disclaimer.

So why doesn't it work?

The reason is simple:

There are literally millions of traders, all with different aims, objectives and experience, trading the market and what this vast diverse mass does in a few hours cannot be measured.

All volatility is random and the data cannot be used, you may as well flip a coin.

Even with the above fact in place forex day trading is based on another dumb idea. Taking small losses (wise idea) and cutting profits (dumb idea) of course you need to run your profits to cover your inevitable losses.

When day traders are lucky enough to be sitting on a profit what do they do - Cut it!

So - High percentage of small losses + Small number of small profits = Equity Wipeout

The logic of day trading will see you lose and many vendors know this but it's a good story and sells forex trading systems and that's why you see so many that have never been traded, accompanied by clever enticing copy, don't fall for them.

If you still believe that forex scalping or day trading makes money, try and find a long term track record and you will be in for a long search!

You can make money trading forex - but you must trade the odds and you can't do that within daily time frames.