Forex Scalping Systems - How to Earn a Living Scalping Profits

By: Monica Hendrix
Forex scalping systems are all over the net and there very popular as traders seek to scalp small regular profits and build big gains and an income over the longer term. So how do you find a forex scalping system to lead you to currency trading success? Let's find out.

Of course the promises of regular profits and the track records produced by vendors are not real because forex scalping simply doesn't work and whenever you see a forex day trading or scalping track record, you will see the disclaimer below - READ AND DIGEST IT:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity.

Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

So there you have it - the track record is simply made up knowing the closing prices and vendors do this hoping the gullible trader will swallow it and they do time and time again.

Of course we can all make money knowing what happened - but trading is a little more difficult than that, we have to trade not knowing the closing prices.

So why don't forex scalping systems work?

Its obvious, we have millions of traders all with a different point of view, methods and skills and trying to decide what this mass will do in a few hours is doomed to failure. Humans are not logical and in short time spans they can and do, drive prices anywhere.

This means that if you have a forex trading system that is trying to take advantage of short term moves, you cant use support and resistance (volatility can and does take prices anywhere) and you can't get the odds in your favor.

To be frank you could toss a coin instead and your results could be as good!

Of course if you still don't believe me ask yourself this question:

If forex scalping worked then why doesn't the vendor have the confidence to trade himself and give you a real long term track record of gains?

If you have read and understood the above you know the answer - forex scalping systems simply don't work.

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