Forex Scalping Course
How to Scalp the Markets for 10-50 Pip Moves
Welcome to the Forex scalping course. In this course, we’ll teach you how to make profits scalping the markets on moves from 10-50 pips each. Even though this is a short course, it´s filled with all the information you need to truly understand what scalping is. You’ll also learn profitable scalping techniques from a professional scalper and how to apply them to any asset class you wish to trade.
What will you learn?
- Learn to scalp the markets for 10-50 pips moves
- How to make 100s pips per day from several trades
- Profitable techniques and strategies using price action and discretional trading
- How to save and add chart templates
About the Forex Scalping Course
This Forex scalping course and all of its lessons have been produced by a professional futures daytrader and scalper and is designed to teach you how to constantly make profits from small price moves.
It will not teach you how to become a high frequency trader – if that is what you’re looking for then you won´t find it here.
- Why should you learn to scalp the markets?
Being a scalper is a completely different way of living and trading. Scalpers normally take larger positions because their risk is smaller than normal traders; percentage wise it might be the same (2 – 5%) but more lots per position are traded on a 7 pip stop than on a 50 pip stop.
Scalping is a good way to make consistent profits throughout your trading session and it´s a very good style if you like to trade only on high volume periods of the day such as the London and New York session overlap.
Keeping a cool head is key, and in this course we will teach you all about the psychology of being a scalper. Most importantly, knowing when to quit whether you are ahead or not.
- Are there any prerequisites to this course?
The short answer is no, there are not any prerequisites to this course and we invite beginner to advanced traders to take it to add something extra to their trading repertoire.
Having said that, you should go through the MT4 tutorials, forex beginner course and the technical analysis course if you are unfamiliar with trading the markets. The reason is that we will use concepts that we think beginner traders should know and we will not go through them and their specifications (pivot points, Fibonacci retracements, etc…), so you should be aware of this before continuing.
The course itself is very straight forward and simple because here at investoo.com we think that simplicity is more profitable over the long term than complex systems and algorithms.
- How profitable is scalping the markets?
Scalping can be very profitable but it also can be very destructive for your account if you don´t know what you’re doing. In fact, scalping is not for everyone but with this course we aim at making the basic and advanced knowledge of being a scalper easy for anyone. When scalping we take bigger positions than usual for smaller profits pip wise, and this profits made on small price movements can and will add up as nice monthly profits over the long term.
The key of being a good scalper is knowing when to stop; when to stop when you are ahead (to not give back a good chunk of profits); and knowing when to stop when you are not and avoid losing more than you should on a session. In this course we will teach you all of these rules and how you can apply them to your style and account size.
- How long will it take me to become a profitable scalper?
Not long if you follow all the rules explained in this course. Being a scalper is about control and precision. It´s a routine because you are going to be looking for the same setups day in and day out and you are going to be doing it at the same time every day.
After taking this course you should trade on a demo for about a month before going live. One month should give you enough data to know if you are scalping profitably or not. And if by the end of your demo month you find that you are consistently making money with our concepts and techniques and good money management rules you are ready to take on the markets one scalp at a time.
- What are the best times to scalp?
This is one big question and the biggest most important one. Because scalping is all about taking advantage of small price movements we need a very volatile environment to trade on: we need volume. It doesn´t matter if you are trading forex, futures or stocks you should always look to trade the London and New York session with a special interest on the NY open which overlaps with the second half of the London session: here´s where you will find volume and volatility for you to profit from.
- Is scalping completely discretional?
The answer is no, and far from it. Even though we do use price action look for setups our actual entries will always be the same: breakouts, trend following and stop and reverses at key levels. In this course you will learn how to spot all of them, how to filter out the weak setups and where to place your targets for a quick profit.
So as you can see even though we are not going to be using an automated system, scalping is more mechanical than normal trading; and it has to be because of the way we take profits on each trade.
- Is Being a Scalper the same as high frequency trading?
It’s important to note that being a scalper does not mean you´re a high frequency trader. Your trading frequency will obviously increase but you will still look for high probability setups and trending markets. The difference is that we are going to learn how to profit from intraday moves, how to quickly take profits at certain levels, how to let the test of your position run for the second and third targets, how to cope with losing trades in a row and how to keep a cool head in between everything.