Stock Market Trading

Scalping and not an Indian in site

Scalping the markets is an easy way to make money of you are patient and disciplined.

Several things I have learned whilst learning to trade online with the market analyser.

1. There is a way to trade called scalping. And no Indians anywhere in sight.

This is where you wait for the market analyser to give you the pre-alert indicators and then you get in, ride on the trend for 20 minutes to an hour or so. Wait for the Market Analyser to signal the TP, wait for confirmation and then get on and ride it the other way. Just scalping a little each way. Don't be greedy and set your target of 5, 7 or 10 pips and stick to it. You can spend a lot of time watching the charts but it is a quick and easy way to make a few hundred pounds every day.

2. That there is 1.9$ Trillion Dollars traded on the world currency markets daily.

Now, that is more money than I can imagine, although I am sure my kids would have no trouble spending it :-) Waiting for the big boys to make a play and jump in on the back of it is not difficult, especially when you use the market analyser software program.

3. That the currencies work to 4 decimal places.

When I used to trade the markets buying and selling stocks and shares, I was always wanting them or, more like, expecting them to rise a considerable amount.

This is not the same with currency or forex trading. This is because you trade to 4 decimal places. With scalping, I aim for a 10 pip movement which is equivalent to one penny.

I feel like one of the characters from the film 'the borrowers'. I nip in take just a little each time and no one ever notices me.

Long live scalping say I.

posted by Internet Marketing At ITs Best @ 6:40 pm