Scalping Forex or Long Term Trades

I used to like longer term forex trades where I would hold my trades for a few days or weeks at a time. But with the world economy in the state it's in right now and all the uncertainty, longer term trading, in my opinion, is much more risky. Not only is it more risky, but the gains can be much smaller than scalp trades. Why would I want to stay in a trade for days, waiting for the currencies to hit my price, when I can simply monitor my charts for a few hours and make multiple scalp trades? It's much easier picking up 25 to 50 pips each day scalping than waiting for a week for 100 pips. There's much less risk with scalp trading as well. We can set our stop loss and take profit targets much lower, reducing risk, reducing losses and maximizing gains. I love trading forex and scalping is just another nice forex trading strategy that works well in almost any market. Also, when you get really good at it, you can trade with or against the trend, because we're looking for 10-20 pip moves and as currencies go with the trend and retrace, we can capitalize on both sides.

Comments

[Noah]

These are great tips. The scalping technique seem to be working the best for me. Keep up the good work

[John Bragdon@forextradingvidoes]

do you have any experience with automated trading that you can share? Or are you mainly trading manually?

[Forex Brokers]

Well... round about every blog posts online don't have much originality as I found on yours.. Just keep updating much useful information so that reader like me would come back over and over again.

[forex trading]

Since the economic situations of different countries nowadays are very unstable, I think it would be best to have it manually. This way, you can manual check all your forex activities at first.

[fap turbo guide]

Scalping technique is good when someone has thorough knowledge of best settings in scalp trade.

[forex trading journal]

Truly appreciable post if I don’t appreciate you it should be my mistake or something disappointing for you. Great job keep it up.

[Forex Training]

Thanks for the great post.

Also, I am using a pretty unique scalping technique from http://www.Free4xlesson.com

Their service has been awesome.

[Fred Baum]

Would i ask a question? I'm a fresh trader, and sometimes i'm getting some advertisemen about www.forexexpertonline.com , this softwares are really getting that profit?

[Nathan Johnson]

Nice article.Have anyone used the automatic expert advisor i.e. ROBOT of Goldexpertadvisor.com?How it helps?

[Nigel N.]

Problem with scalping is staying out of your own way sometimes... But with the usual rules in long term trades going by the wayside this last summer, and with the China yuan situation, who knows if long term is any better...

[Options Trading]

Thanks for the tips, I enjoy reading it, excellent techniques.

[Valutahandel]

Scalp the Forex market is one of the fastest growing methods for trading Forex in the modern world. In trade Forex scalping is done over periods much shorter than other forms of trade and income is often generated even from relatively small fluctuations in the currency.

[Trading Strategies]

The Forex trading strategy that you choose to employ in the markets should be one that has been effective for other traders in the past.

[Momentum Forex]

I have been reading about trading momentum forex but I am unsure about the strategy I should be using. I have read about so many different strategies and they all claim to be the best and easiest. Please provide me the best information about momentum forex.

[forex techniques]

I am fully agree with your all tips before starting anything in forex trading you should know all the details of forex system it will help us to gain more and more profits

[forex]

With current volatility, there are a lot of profits to be made with short-term trading.