Forex Scalping Systems - Getting one For Big Consistent Profits

By: Kelly Price
There are a lot of day trading and forex scalping systems on the internet but how do you choose one that's right for you to help you enjoy currency trading success? Let's take a look at forex scalping.

When I look at these trading systems, it always amazes me that with millions of traders trading trillions of dollars daily, these systems can predict what this huge mass of people will do and predict what will happen in hourly, 30 minute bars or less.

You obviously can't but traders still believe they can do it but if you think about it it's absolutely a ridiculous way to trade and means you are 100% guaranteed to lose.

Don't believe me?

Then try and find a forex trading system that tries scalping that has a real track record to back up the ridiculous claims they make. You won't get a real one, you will get a simulated one done in hindsight KNOWING the closing prices - well that's hard.

Let's see if I knew tomorrows price today, how much money would I make?

Alas, it's not as easy as that as we don't have the luxury of knowing the forex prices in advance.



Of course day traders tell you that you can predict moves within short time frames.

However to anyone who sits down and looks at the facts, it's pretty obvious that support and resistance levels are useless in daily time frames as all volatility is random and prices can and do, go anywhere. You can't get the odds in your favour and you will lose over time.

You could flip a coin and get the same success rate.

So why are these systems so popular?

Quite simply these currency trading systems appeal to one emotion - greed.

Traders actually think that with no effort and spending a hundred dollars or so they can make $10,000 a month, scalp 50 pips each day and end up disappointed as the market gives them their reality check.

Day trading is a great story and so are Harry Potter books but I don't actually believe in wizards.

Today anyone can write an e-book put some clever copy on it and try and sell it on the net and people do. How many of these vendors have actually traded? Very few, -their sold by marketing organisations, that are simply selling a story.

They make money selling the course or system and the trader gets wiped.

The vendor has a guaranteed profit and the trader a guaranteed loss.

Day trading should be left to the dreamers and greedy traders looking for the fast buck with no effort ( which if you find a way of doing this please tell me) and concentrate on perfecting a sensible forex trading strategy one that trades longer term and get the odds in your favour.

If you want to make money and learn forex trading for profit the correct way forget forex scalping and day trading and get the right forex education to win.

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