This is probably one of the few trading strategies, which causes much heated discussion. Many traders take the strategy of scalping as a basis for their trading system, while others have never in my life will not scalp the market.

This is probably one of the few trading strategies, which causes much heated discussion. Many traders are taking the strategy of scalping as a basis for their trading system, while others have never in my life will not scalp the market.

Let's look at the strategy scalping , its advantages and disadvantages.

My personal experience of scalpers, said of the great advantages of this system, rather than the drawbacks.

Benefits include the following:

A. Profit more than a positional trade
Two. No need to wait for the beginning of a powerful trend, here it is simply not needed
Three. The analytical predictions are no longer important
4. Finishing the trading day, I close all open positions, I think it came, and go home. As he left, I forget about the market, and I was not worried about what will happen afterwards, and wondering if it would move against me. I sleep peacefully

As with any trading system for scalping has its drawbacks, they are very serious and so please read them carefully:

A. Scalping for 4 hours there is a high emotional stress and at the end of the trading day can sometimes be a shortage of forces
Two. Scalping does not tolerate mistakes. A person who wants to do this must be absolutely cool and be able to immediately assess the situation.

On what is scalping?

In scalping the key issue is the ability to correctly identify support and resistance levels. It is based on this and the whole trading system . According to my observations and from my experience in more than 90% of the currency bounces off support and resistance levels. Sometimes not a lot, sometimes for quite a little bit, well, we will be enough to make money.

To always stay in the forex market need to comply with the rules dictated by the market itself.

Only he decides how many points you take the profit, which is equal to your loss, and how long you'll be traded. Your opinion does not play any role. So you like a trader , there are only two paths of development: you agree to all rules set by the market or go with him. Third option is not given.

Trading in the market, it is possible to make very many mistakes, but you can never hope, wish, or to ask! This is the worst thing you can do.

Hope always springs eternal. In the forex market, it dies with the deposit of a trader !

Willing to be a great deal, only it is unlikely to be true. Well, to requests, here is simple. The market anyway, what you need and what you want. He is deaf to the requests and will do what he pleases. You are either with him or without him.

Comply with the desire of the market - it means to be a winner all the time! The sooner you understand this, the faster will increase your deposit ...

If you are trading in the forex market, make sure you have heard of the automated trading systems. What is it and what it eats? You are probably more than once asked myself this question. This article will give you a quick digression.
People want to make money quickly, without having studied the ins and outs of a particular situation. They often think that the automated system will do the work for them.
The automated system will track the market data and, therefore, to trade on the basis of predictions about what will happen in the future.

For example, if the evidence suggests that the value of the currency has a tendency to grow, automatic forex trading will use this data to tell you how best to trade in a given period of time.
The system knows when to buy and when to sell, and it can make decisions without any emotional passion - in contrast to the human trader . In order to start using a system of automated trading in Forex - you must choose a specific automated system, which is acceptable for most your heart. And also - very good deal in it that would trade this system has been completely transparent to you. What would all the solutions are for you to understand and not unexpected.
The great advantage of the automated Forex trading system is the fact that he works 24 hours a day. You can do other things that have to do their business, and the system of selling for you. Thus, you do not have to worry that you'll miss the opportunity to, or what a good deal.
And all this does not mean that you have no control over the system, but quite the contrary. You have successfully learn the process of trade, are good at it and then "teach" the system to play by your rules.

There are a few bad reviews of automated currency trading, but it is mainly the result of users who lack the necessary knowledge to use them effectively. This program will not save the inexperienced traders who do not know the market. Even with the automated system, you need to consider how much and what kind of information at your fingertips.

So, to summarize - I can only say one thing! Automatic Forex trading - is not a panacea for all ills, and certainly not the holy grail - but only a very convenient tool or a tool that will simplify the life of an experienced trader , as well as be able to to help him earn even more in this market.

Losing deal - it's not a tragedy. Everything you need to know, is set out below ...

The ability to withdraw from unprofitable transactions with minimal loss of true art in the forex market. Not every trader can make it right. From losses no one is immune, so pure emotion you should be ready for them. After opening the position, the speculator chooses a certain direction, but it will not always be true. At least can occur any unforeseen event that was not included in your plans. So, dear traders , should always be on the alert.

How then should go out of losing trades?

Let's look at this more ...

First, like any other successful trader , you must be prepared trading plan. And made, it must be long before you open yet another deal. This trading plan is spelled out, what is your projected profit and loss. It must be remembered that the profits derived must necessarily be greater than the possible loss, otherwise it all just does not make sense. It is impossible, and that profit was equal to the loss. That is, for example, you open the deal and plan to make a profit of 50 points in a possible loss in the same 50 points. This is not quite rational and wrong. And someday, this approach you must let you down! Remember: the planned profit must be greater than the loss, the only way to guarantee yourself a long "residence" in the forex market.

Second, if you're not the minimum lot, then when a good loss can be partially close my position. Many people can not come to mind this advice, but experience suggests that it is better to do so than to hope for a good outcome of the event. Most traders with losing positions prefer to do nothing and just wait. In the end, losing position starts to grow rapidly, which leads to more frustration.

What is the charm of the partial closing of the position?

Partially closing a losing trade, you are not giving the situation become even worse. When you do nothing, you will either get an even bigger loss than it was before, or win back some lost points (in rare cases, the entire loss). The only guarantee of a good outcome to give you no one can.

But the partial closing of the position is much more pluses: the bad outcome, you will receive a much smaller loss, but with good will come out of the deal with minimal losses. Yes, partially closing the position, you have to act out more, because you have reduced the working lot, but your task at this time is not how to win back completely, and to reduce losses to a minimum. Just for that you partially close my position.

Third, when a bad position in any case not panic! Panic is never good to bring. You can once again do some silly. For example, the average losing position! Do not try to do so. This will only aggravate an already bad situation. Average a more lucrative position. That is to say, "top up" only when necessary.

Fourth, if you can not hesitate to close the losing position, do so without delay! This advice applies mainly to those who are not on friendly terms with the stop-loss.

Fifthly, if we set a stop loss , do not need to move even further when the price will be closer to him. Since this is equivalent to what you save up for a loss.

Here are five small advice sure to help you not do something silly and honorably accept a loss, for granted. A trader can never be wrong, because it's not possible! You can not predict all so ready to losses should always be. And if you do everything correctly, then the resulting profits can easily cover the loss, and you'll all the same in the black, and with a good profit.

The following is based on the trading strategy is the phenomenon of divergence (convergence) price chart of currency pair chart indicator, this phenomenon is called the divergence (convergence).

It is noticed that the appearance of divergence or convergence may signal a change in the existing trend in the short or long term, as a rule it depends on the timeframe in which the observed divergence or convergence.

Schematically, the divergence and convergence is as follows:

It should also be noted that some definitions regarding the divergence and convergence in this trading strategy, simplified, more detailed information regarding the divergence and convergence can be found on the Internet.

Application of these phenomena is described in the Trading System:

Used indicator - MACD with the parameters 3, 35, 3 (You can also use the indicator AO (Awesome Oscillator)).

To search for events of divergence and convergence are using all available time frames and currency pairs (at your option).

Schedule:

- Searches for the phenomenon of divergence (convergence) at different time frames and currency pairs;

- When a study found a divergence (convergence), it is important to us that it had been confirmed at the senior timeframe (that is, that would be at the senior timeframe, it is also formed);

- If the divergence (convergence) is not activated, then wait for its activation;

- After you stretch the Fib levels, to define the objectives;

- At the level of 50.0 set a pending order (for convergence - for the purchase, with divergence - for sale), with the Stop Loss is somewhat higher (lower) level of 0.0 and Take Profit at 161.8;

- When firing orders accompany it with a Trailing Stop.

That's all, originally recommended practice in search of divergence and convergence in the history of the price chart or on a demo account.

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