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Be sure to watch this video to the end to see the actual strategies for increasing your number of winning trades using this Forex scalping strategy. When you think of Forex scalping, you probably think of going directly to the 1 or 5 minute time frame and using some kind of indicator crossing strategy and getting in every few minutes all the time. I have known people who were not able to come out of their office or step away from their computer because they were afraid they would leave some profit on the table.
With a completely different contrarian method of Forex scalping strategy you may find that the best Forex scalping strategy is to stop doing that altogether and use a completely different approach. Let’s take a look at how you could have a different approach to a Forex scalping system not based on any best scalping indicators but still more or less in the category of day trading and getting profit with trade entries for in and out within a relatively short period of time.
Using any particular indicator such as a so called best heiken ashi trading strategy or CCI, RSI, MACD, or FX sniper will have nothing to do with whether you win or have a significant increase in capital. You can compare your trading results and show the account statement side by side and prove to yourself which works better but only after developing the proper skill to identify the end of a trend and the end of a correction with accuracy and high probability.
Using pure price action trading also based on support and resistance and recognizing candlestick patterns such as bearish engulfing and pin bars on the daily will have little effect on the results. You can trade on the 1 minute or have a 5 minute scalping system but nothing will improve more than having the ability to read financial markets using pattern recognition using top down analysis.
If you are serious about trading for a living you will want to develop this higher level of skill using profitable stock trading techniques that can be applied to the Forex market with equal results. We have many case studies of Forex traders and professional traders who have reported developing this skill of reading and executing trades has proven to be the most excellent way to improve results and increase winning trades.
With a completely different contrarian method of Forex scalping strategy you may find that the best Forex scalping strategy is to stop doing that altogether and use a completely different approach. Let’s take a look at how you could have a different approach to a Forex scalping system not based on any best scalping indicators but still more or less in the category of day trading and getting profit with trade entries for in and out within a relatively short period of time.
Using any particular indicator such as a so called best heiken ashi trading strategy or CCI, RSI, MACD, or FX sniper will have nothing to do with whether you win or have a significant increase in capital. You can compare your trading results and show the account statement side by side and prove to yourself which works better but only after developing the proper skill to identify the end of a trend and the end of a correction with accuracy and high probability.
Using pure price action trading also based on support and resistance and recognizing candlestick patterns such as bearish engulfing and pin bars on the daily will have little effect on the results. You can trade on the 1 minute or have a 5 minute scalping system but nothing will improve more than having the ability to read financial markets using pattern recognition using top down analysis.
If you are serious about trading for a living you will want to develop this higher level of skill using profitable stock trading techniques that can be applied to the Forex market with equal results. We have many case studies of Forex traders and professional traders who have reported developing this skill of reading and executing trades has proven to be the most excellent way to improve results and increase winning trades.
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