Every skill has its tricks, tips and shortcuts and if we are lucky enough to be exposed to some of them we learn our way to honing our skill to such a level that people will think that we were born with it! Have you ever wondered if there’s some sort of way to cut through all the slow and long hours you need to put into Forex trading to gain enough experience to get to the FxMastery level?
The fastest path to becoming a Forex Successful Trader is by climbing a steep yet worthy learning curve, guided by a FxMastery Trader, called Scalping.
What is Scalping?
Scalping is a technique Forex Traders, use when trading. Scalpers are floor traders who typically hold positions for only minutes-or less. They seek to profit from momentary price discrepancies or movements or temporary imbalances between supply and demand.
If you can scalp the market you can do anything. It’s like understanding how to build a cell; from there it’s easy to build a whole organism. Once you know how to use the information and knowledge you have and profit from it in burst trades that don’t take more than several minutes, you can build on the same technique to trade longer positions.
If you are an amazing scalper, you can easily become a Forex Successful Trader and trade any kind of positions you want. Just imagine having to make decisions to buy and sell and sell and buy back in a matter of minutes or less. If you can do that, you should be more than able to carry that skill to trading positions that you hold for hours, days and weeks.
Characteristics of a great scalper:
While scalping, you are looking at one minute and 5 minute charts, you read the candle sticks and look for patterns. Based on all that and historical information on the specific currency pair you are looking at, you might be able to quickly predict the way the trend is going to move in the next minute or so.
When you start trading in Forex, you should learn how to be a great scalper first. Whatever Forex Online Course you are taking, make sure that the Forex Scalping technique is covered. Put an emphasis on learning it and become really good at it. Once you have that under your belt, Forex trading should hold no secrets for you. With those skills you can move to Day Trading and Position Trading and back and forth quite naturally.
It seems to be much harder to learn Scalping if what you have learned first was Day or Position trading. But don’t be discouraged; with a good tutor or mentor and a Forex Successful Traders Community to guide you through the entire process, you should be able to conquer the Scalping fortress as well.
Think about Forex Scalping as a first step you learn to a complex dance that soon will become second nature to you, after enough practice and consistency. Just like anything else, it’s something you can definitely learn as long as you are teachable.
Be open minded, trust yourself and armed with all the knowledge and advice from a Forex Successful Trader, move forward and start scalping. It’s very exciting! It moves fast and gives you a strong adrenaline shot, but if you learn how to keep your emotions under control like a Forex Successful Trader, you will be able to access all the knowledge, discipline and success inducing habits that you have been practicing since you made your first trade in your first demo account.
Scalping is the one thing that you should focus on when learning to become a Forex Successful Trader. It’s your path to your dreams! Go to your Forex Successful Community and start asking about scalping! Learn it, live it, trade it!