Is forex scalping profitable

The London Close Trade Strategy Course.

Is it really possible to successfully scalp the forex, let alone with 90% accuracy and consistently reliable results?

Sure, we’ve all heard it: “Make $100,000 in under 27 minutes trading the Forex: easy, no work, no risk – just a ton of money! “

Well, it just doesn’t work like that, does it? Unfortunately there is real work and real risk involved when doing anything and that includes scalping the forex. And trading the forex markets can mean exposing yourself to a high level of risk, twice if you don’t know what you’re doing.

So, does this forex scalping course really deliver on it claims? Can it be true or is it just another case of hype on the internet?

I know, it’s hard to believe, but it’s true. No hype here, just fact. And how do I know? I have been through the course myself. And I still use this trading style and technique today, actually pretty much every day I trade.

Forex Scalping – My Personal Story.

Before going through the “The London Close Trade Strategy” course, I had a hard time making consistent profits with my old forex scalping method. Sure, I would make money here and there, but nothing consistent.

I would mix up my time frames, jump from method to method, get in late or get out early, hang on to trades that I should have just dropped, ignored the time of day … and the list goes on. Sounds familiar?

Talk about being frustrated!

I was close to throwing in the towel and just walking away, since my schedule then just didn’t allow me to trade other hours of the day, except the time frame of the London close.

But lucky for me I came across Vic Noble’s and Shirley Hudson’s Scalping course, named “The London Close Trade Strategy”. What a life saver for me!

As soon as I got the course I went through it – and not just once, but a second and a third time. The next morning, I tried their method in my demo account and low and behold, this stuff worked.

That morning I had 3 setups. Yes, that’s right – three! I took all three of them (in my demo account) and all of them made money. What a difference; I couldn’t believe it.

The real beauty of this system is that it has a set time frame. So no more sitting around, staring at the screen forever (who has the time for that anyway?) and waiting for a setup. With this method you trade during a set period of time and then you’re done.

Using this forex scalping method has allowed me to keep trading and finally getting the results that I want. I am finally profitable!

Sure, I have losing trades – can’t avoid that when trading. But using this style sure has turned my trading around.

Shirley Hudson, who created this trade, has been trading this strategy with a 93% accuracy for the past 12 month now . Unheard of, I know – but true.

Shirley combines the time frame of the London close with a unique entry strategy, called the Noble entry. The combination of time frame and entry method is brilliant. And it works like a charm. Once you’ve learned this method you won’t want to trade anything else.

Oh, one more thing. The amount of risk required for this trade is small – usually under 18 pips and often even less than that.

Shirley has defined targets she uses to take profits. And even though the typical profit targets are smaller than those for a day trade, it is not uncommon at all to get a day trade like profit from what started out as a scalp.

Forex Scalping – Final Thoughts.

This forex scalping strategy makes for a great trade: it’s reliable, requires low risk and sets up almost every single trading day (at least in a few pairs).

If you’ld like to learn more, check out the course by clicking this link right here “London Close Trade Strategy”. I promise you won’t be disappointed with this forex scalping strategy!

Is scalping a viable forex trading strategy?

Scalping in the forex market involves trading currencies based on a set of real-time analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit. Many trades are placed throughout the trading day and the system that is used by these traders is usually based on a set of signals derived from technical analysis charting tools, and is made up of a multitude of signals, that create a buy or sell decision when they point in the same direction. A forex scalper looks for a large number of trades for a small profit each time.

The forex market is large and liquid; it is thought that technical analysis is a viable strategy for trading in this market. It can also be assumed that scalping might be a viable strategy for the retail forex trader. It is important to note though, that the forex scalper usually requires a larger deposit, to be able to handle the amount leverage they must take on to make the short and small trades worthwhile.

Forex Scalping – Extensive Guide on How to Scalp Forex.

Forex scalping is a popular method involving the quick opening and liquidation of positions. The term “quick” is imprecise, but it is generally meant to define a timeframe of about 3-5 minutes at most, while most scalpers will maintain their positions for as little as one minute.

The popularity of scalping is born of its perceived safety as a trading strategy. Many traders argue that since scalpers maintain their positions for a brief time period in comparison to regular traders, market exposure of a scalper is much shorter than that of a trend follower, or even a day trader, and consequently, the risk of large losses resulting from strong market moves is smaller. Indeed, it is possible to claim that the typical scalper cares only about the bid-ask spread, while concepts like trend, or range are not very significant to him. Although scalpers need ignore these market phenomena, they are under no obligation to trade them, because they concern themselves only with the brief periods of volatility created by them.

Is Forex Scalping for you?

Forex scalping is not a suitable strategy for every type of trader . The returns generated in each position opened by the scalper is usually small; but great profits are made as gains from each closed small position are combined. Scalpers do not like to take large risks, which means that they are willing to forgo great profit opportunities in return for the safety of small, but frequent gains. Consequently, the scalper needs to be a patient, diligent individual who is willing to wait as the fruits of his labors translate to great profits over time. An impulsive, excited character who seeks instant gratification and aims to “make it big” with each consecutive trade is unlikely to achieve anything but frustration while using this strategy.

Attention is essential for the forex scalper.

Scalping also demands a lot more attention from the trader in comparison to other styles such as swing-trading, or trend following. A typical scalper will open and close tens, and in some cases, more than a hundred positions in an ordinary trading day, and since none of the positions can be allowed to suffer great losses (so that we can protect the bottom line), the scalper cannot afford to be careful about some, and negligent about some of his positions. It may appear to be a formidable task at first sight, but scalping can be an involving, even fun trading style once the trader is comfortable with his practices and habits. Still, it is clear that attentiveness and strong concentration skills are necessary for the successful forex scalper. One does not need to be born equipped with such talents, but practice and commitment to achieve them are indispensable if a trader has any serious intention of becoming a real scalper.

Automated trading systems.

Scalping can be demanding, and time-consuming for those who are not full-time traders. Many of us pursue trading merely as an additional income source, and would not like to dedicate five six hours every day to the practice. In order to deal with this problem, automated trading systems have been developed, and they are being sold with rather incredible claims all over the web. We do not advise our readers to waste their time trying to make such strategies work for them; at best you will lose some money while having some lessons about not trusting anyone’s word so easily. However, if you design your own automated systems for trading (with some guidance from seasoned experts and self-education through practice) it may be that you shorten the time which must be dedicated to trading while still being able to use scalping techniques. And an automated forex scalping technique does not need to be fully automatic; you may hand over the routine and systematic tasks such as stop-loss and take-profit orders to the automated system, while assuming the analytical side of the task yourself. This approach, to be sure, is not for everyone, but it is certainly a worthy option.

Some words on trade sizes and forex scalping.

Finally, scalpers should always keep the importance of consistency in trade sizes while using their favored method. Using erratic trade sizes while scalping is the safest way to ensure that you will have a wiped-out forex account in no time, unless you stop practicing scalping before the inevitable end. Scalping is based on the principle that profitable trades will cover the losses of failing ones in due time, but if you pick position sizes randomly, the rules of probability dictate that sooner or later an oversized, leveraged loss will crash all the hard work of a whole day, if not longer. Thus, the scalper must make sure that he pursues a predefined strategy with attention, patience and consistent trade sizes. This is just the beginning, of course, but without a good beginning we would diminish our odds of success, or at least reduce our profit potential.

Now let’s take a look at the contents of this article where forex scalping is discussed with all its details, advantages and disadvantages. Our suggestion is that you peruse all of this article and absorb all the information that can benefit you. But if you think that you’re already familiar with some of the material, to shorten your route, we present the table of contents of this article.

1. How scalpers make money: Here we will take a look at the logic behind scalping, and we’ll discuss the best conditions and necessary adjustments which must be made by a scalper for profitable trading.

2. Choosing the right broker for scalping: Not every broker is accommodative to scalping. Sometimes this is the stated policy of the firm, at other times the broker creates the conditions which make successful scalping impossible. It is important that the novice scalper know what to look for in the broker before opening his account, and here we’ll try to enlighten you on these important points.

3. Best currencies for Scalping: There are currency pairs where scalping is easy and lucrative, and there are others where we advise strongly against the use of this strategy. In this part we’ll discuss this important subject in detail and give you usable hints for your trades.

4. Best times for Scalping: There is an ongoing debate about the best times for successful scalping in the forex market. We’ll present the various opinions, and then offer our own conclusion.

5. Strategies in Scalping: Strategies in scalping need not differ substantially from other short-term methods. On the other hand, there are particular price patterns and configurations where scalping is more profitable. We’ll examine and study them in depth in this section.

a. Range Scalping: Some traders consider ranging markets better suited for scalping strategies. Here we’ll examine why, and how to scalp under such conditions.

b. Breakout Scalping: We’ll examine news breakouts, and technical breakouts separately and discuss suitable scalping strategies for both.

c. Trend Scalping: Here we’ll take a general look at forex scalping in trending markets.

6. Trend Following while Scalping: Trends are volatile, and many scalpers choose to trade them like a trend follower, while minimizing the trade lifetime in order to control market risk. In this part we’ll examine the usage of Fibonacci extension levels for scalping trends.

7. Disadvantages and Criticism of Scalping: Scalping is not for everyone, and even seasoned scalpers and those committed to the style would do well to keep in mind some of the dangers and disadvantages involved in using the style blindly.

8. Conclusions on Scalping: In this final section we’ll combine the lessons and discussions of the previous chapters, and reach at conclusions about who should use the forex scalping trading style, and the best conditions under which it can be utilized.

All Forex Scalping – Extensive Guide on How to Scalp Forex Articles.

Using Fibonacci Levels for Scalping the Forex Market.

Two different scalping strategies, two different timings.

Pattern Scalping Strategy.

How forex scalpers make money.

Forex Scalping Guide - Conclusions.

Forex Scalping - Criticism and Disadvantages.

The Best Times for Scalping Forex.

The Best Forex Brokers for Scalping.

The Best Currencies for Scalping Forex.

Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you.

Forex 1-Minute Scalping Strategy Explained.

Even if you're a complete beginner in trading, you must've come across the term "scalping". No matter what you may think, it has nothing to do with cowboys or the Wild West.

But what does it mean?

Scalping in the foreign exchange market is a method of trading certain currencies based on real-time technical analysis. The main goal of scalping is to make a profit through purchasing or selling currencies by holding a position for a very short period of time and closing it for a small profit.

Without further ado, let's dive right in and see what one of the most popular Forex scalping strategies – a 1-minute Forex scalping strategy – has to offer.

A Guide to the Forex 1-Minute Scalping Strategy.

A 1-minute scalping strategy is a good starting point for Forex beginners. However, you should be aware that this strategy will demand a certain amount of time and concentration. If you aren't able or willing to put in effort for at least a few hours a day, FX 1-minute scalping might not be the best strategy for you.

FX 1-minute scalping is a day trading strategy as it involves opening a certain position, gaining a few pips, and then closing the position. It is one of the most basic and resourceful trading strategies.

The main aspect of Forex scalping is quantity. It is not unusual for traders to place more than 100 trades a day. For this reason, it is important to pick a broker with the smallest spreads, as well as the smallest commissions.

Talking about the strategy itself, let's have a look at the strategy validity, time frame, indicators, and sessions.

The validity of currency pairs, every currency pair; 1-minute time frame; Necessary indicators: Stochastic 5, 3, 3, and 50 EMA, 100 EMA* (available on MetaTrader 4); Preferred sessions: London, New York – high volatility.

* EMA stands for "Exponential Moving Average", the second most popular type of moving averages after the Simple Moving Average (SMA), except for the fact that more importance is given to the latest data.

We recommend to explore entry points and necessary stop-loss levels on your trading terminal.

If you do have the time to try out the strategy, you should absolutely give it a go! The perfect way to do so is with our risk-free demo account.

Firstly, it is important to broaden your understanding of the market. By trying different approaches, you can see your strategies from a new perspective and gain valuable insight into the inner mechanics of trading.

Secondly, even if it doesn't work out for you, the risks are very low. You shouldn't suffer major consequences. The essence of the strategy will not allow for high losses, or high gains for that matter.

FX 1-Minute Scalping Strategy Purchase (Long) Entry Point.

The first EMA (50) must be positioned above the second EMA (100). When this has occurred, it is essential to wait until the price comes back to the EMAs. In turn, the Stochastic Oscillator is exploited to cross over the 20 level from below. The moment you observe the three items arranged in a proper way, opening a long (buy) order may be an option.

To stay safe, stop-losses are vital. Stop-losses are arranged around 2-3 pips just below the last low point of a particular swing. As the 1-minute Forex scalping strategy is a short-term one, it is anticipated to gain 8-12 pips on a trade. Hence the take-profits are best to remain within 8-12 pips from the entry price.

FX 1-Minute Scalping Strategy Sell (Short) Entry Point.

The first EMA (50) should be positioned below the second EMA (100). As with the buy entry points, we wait until the price returns to the EMAs. Additionally, the Stochastic Oscillator is utilised to cross over the 80 level from above.

As soon as all the items are in place, you may open a short or sell order without any hesitation. The exact same things happen here. Stop-losses are positioned near 2-3 pips below the last low point of the swing accordingly, and take-profits should remain within 8-12 pips from the entry price.

The Pros and Cons of 1-Minute Scalping Strategy.

In order to determine whether Forex scalping and Forex 1-minute scalping may prove useful for your type of trading, we are going to look more deeply into the pros and cons of scalping.

Less risk exposure, i. e., a brief exposure to the market reduces the possibility of running into inauspicious events. Relatively small movements are easier to achieve. This implies that a larger supply and demand imbalance is required to ensure bigger price changes. The main logic behind scalping is that smaller moves occur far more frequently than larger ones. Even when the markets are comparatively quiet, a good Forex scalper can utilise many small moves.

Now, these pros sure sound quite tempting, but it is important to look at the disadvantages as well.

A large deposit is needed. Bankers and dealers have a certain advantage over amateur scalpers as they have more information about the market. A 1-minute scalper needs quick reflexes, good instincts, and mathematical skills. It can be difficult to scalp and maintain a good risk/reward ratio. For instance, with a ratio of 2:1, your take-profit at 10 pips requires a stop-loss at 5 pips, making it too close not to get stopped out in the majority of cases. 1-minute scalping is time-consuming and may lead to stress and an unhealthy lifestyle.

You have to see for yourself whether the cons outweigh the pros and vice-versa.

Technological resources can also enhance your trading.

To expedite your order placement, with Admiral Markets, you can access an enhanced version of the 1-click trading terminal via MetaTrader 4 Supreme Edition.

Obviously, if you're interested in Forex trading strategies, you could check out our handy strategy infographic – you may find another technique you'd like to try out.

Final Thoughts.

Scalping proves to be an extremely effective strategy – even for those who use it as a purely supplementary strategy. The same goes for Forex 1-minute scalping.

However, it is important to understand that scalping is hard work. Scalpers are rewarded for quantitative work – the more Forex scalping they perform, the bigger the profit they make. In the end, the strategy has to match not only your personality, but also your trading style and abilities.

You might be interested in watching an hour-long full explanatory video on Forex scalping for beginners:

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