Interesting thought. 99% of traders would say that price is the most important factor in trading. What if I say that direction and movement of the price is more important regardless of the current, starting or end price of the wave. Let’s put this thought into perspective. Tourism is a small portion of the reason …
You may deny it, but in reality we all have’em – ‘Bad Habits,’ specially when it comes to trading forex. I have outlined below some of the main  bad-habits that I had to overcome personally, in order to improve my trading. 1. Guess Work This is the mother of them all. Its important to note …
Forex scalping and Day Trading Forex scalping is the most controversial style of trading in the forex world. Mainly because forex scalping bears more similarities to gambling and addictive in nature. Hopefully, this post will clarify some of the misconceptions surrounding forex scalping. One might think that I’m promoting low R:R, highly risky short term amateur style trading. …
It was funny that when I first started trading, I used to run around hunting for the best forex scalping strategy that worked. Ignoring the fact that a strategy is merely a set of rules based around few indicators that should resonate with my trading style, time frame and trade context. Obviously nothing worked for me …
The Best Forex Scalping Strategy That Works for me Read More »
Let’s face it. Everybody starts forex trading with some form of a scalping strategy. Even if strategy doesn’t exist, scalping does, at least at the beginning. So there is plenty of RISK involved in, given the fact that 95% of all retail traders lose money in trading. While a massive chunk of retail traders are scalpers, statistically scalping rides along …
Order flow is not a familiar term to forex traders, yet its very important to understand the dynamics of it. There are two types of order flow when it comes to shorter timeframe charts used in forex scalping. Short term order-flow and long term order-flow. The method I often use to distinguish which order-flow has the …
