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Forex Day Trading - Scalping Your Way To A Fortune
By kelly Price

Today there are more day trading and scalping systems available online than ever before. It's the dream of many traders to buy one and day trade for a living and make an income by scalping regular profits and here we will look at this in more detail.

Well the theory, says regular profits - the reality is different and is:


All day traders and scalpers always lose.

The systems that you see on the net make big claims and track records that look great - but the track records are never real - there simulated.

This is a disclaimer you will see (or similar) read it carefully:

"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".

Any day trading system you see will be simulated and of course anyone can make a profit in hindsight - but in reality we have to trade not knowing the closing price in advance.

So why don't you ever find a day trading system with a real track record?

Quite simply - because day trading or scalping doesn't work.

The reason for this is all volatility in daily time periods is random,

Market Outlook – Short Term – MoneyControl.com

‘American Idol’ Shocker: Lilly Scott, Alex Lambert … – MTV

Dave Lavender: Winter is a great time for recording … – Herald-Dispatch

Michael Lynche wins ‘American Idol’ fashion and vocals … – Newsday

Freke Friday: Carroll?s ?Alice? lacks magic in … – LSU Reveille

EUR/USD, EUR/JPY Flows ? WSJ: Spanish Government … – FXStreet.com

CHF final meeting – Highland Community News

GBP/USD above 20 SMA – FXStreet.com

GBP/NZD sneaks higher towards 2.1500 – FXStreet.com

BA And Union GBP£10 Mln Away From Strike Deal – Airwise

Johnston Press Posts Narrower Loss In FY09 – Update – RTT News

GBP/USD – Another bottom in a downtrend that won’t get … – Forex Pros

GBP/JPY Classical 03.09 – Yahoo Finance

Ex-Bosnian leader ‘owed apology by British government’ – Focus Infomation

GBP/USD Daily Market Outlook by AceTrader – Forex Pros

New York agrees World Trade Center 9/11 dust payout – Focus Infomation

Interserve FY09 Profit Rises; Sees Challenging FY10 … – RTT News

Countdown to the Crown – ESPN.com

US trade deficit diminishes unexpectedly in January – Boston Globe

California exports continue sharp uptick – Sacramento Bee

Sarkozy, Merkel propose clampdown on speculators – YAHOO!

Asia Stocks Head for 5th Week of Gains – ABC News

Gold Range Bound, But Above $1100 Wed, – Stockhouse

Canada Offers More than Olympic Gold – Huffingtonpost.com

Exports expected to continue upward – Berkshire Eagle

Oil hovers above $82 as month-long rally stalls – ksl.com

FOREX-Yen edges up, Aussie dips before jobs data – Forex Pros

U.S. Forex Market Commentary – FXStreet.com

FOREX-Dlr soft ahead of retail sales test, yen slips – Forex Pros

The Steelers need a QB who puts the team first – Pittsburgh Post-Gazette



support and resistance levels are meaningless and prices can and do go anywhere in a day.

You can't get the odds on your side and you can't win - Period.

The proof of course is in the track record and you will never ever see a day trading or scalping system with a real one - try and find one and if you do let me know, I have been looking for 25 years!

HOW TO WIN

If You want to win at trading then you are going to need to look at longer time periods, you have a choice:

Forex trading following looking for trends that last for weeks or month or swing trading which looks for trends that last for a few days to around a week.

The one you choose is up to you but both allow you to get the odds on your side because they use data over longer periods.

If you want to win leave scalping to the dreamers, naive or greedy traders and concentrate on ways to get the odds in your favor and enjoy currency trading success.

By: kelly Price

Article Directory: http://www.articledashboard.com

PROFESSIONAL TRADING COURSE
and FREE ESSENTIAL TRADER PDFSFor free 2 x trading Pdf's with 90 of pages of essential info and an exclusive course for Currency Trading Success visit our website at: www.learncurrencytradingonline.com




forex books articles:
Gone are the days when stock market was limited to the rich who paid brokers to manage their portfolios. Thanks to online investing, now there is a multitude of business savvy middle class individuals who indulge in the trading game. Web sites like Forex offer opportunities to nearly anyone to start investing in the stock market and earn money as a stock or currency trader.

It is important to note that Forex is a Web site that is used by investors who are self directed. It is not for the weak of stomach, and all investors need to be comfortable with some amount of risk. And, unlike other trading sites that trade in stocks, Forex is mainly a currency trader. Access to the foreign exchange market is given through an account, and you can invest in one form of currency or another, hoping to make money off of the way currency values fluctuate.

While the main point of Forex is to allow access to the foreign currency market and allow you to make trades, the Web site does provide many tools to help you make better-informed decisions. That said, it is important to realize that trading Web sites will not take responsibility for losses, and most of them charge commission or charge a flat rate for each transaction.

Forex has a learning center for users. It provides exhaustive information about the foreign currency market. It is particularly useful for people who are not familiar with the currency trade. It helps them by explaining how the market works and how to read the market.

Another more advanced tool is the Forex trading section. This builds on the knowledge gained from the learning center and helps you learn specifically how to use Forex. In addition, Forex offers tools such as tutorials on how to read the quote board, how to understand bid and ask, and the method to figure out the high and low. The training is comprehensive enough to help you watch and understand the market trends and decide what to do.

The free practice account offered on the Forex Web site is one of the most helpful features. It opens up a mock account stocked with practice money to help investors get started without much apprehension. As you read the charts and quotes, and buy and sell you get an idea of how much money you have made or lost. It is like a warming up exercise before you actually get going in the currency market.

The Forex website makes available all the charts and investing tools to the investor along with comprehensive real-time charting and research to get on with the investment process. The training tools at the Forex help you better understand and use the charts and the research. You can set up an account with Forex with amount as little as $250 in your account and once you become member of the website you get access to more advanced charts and tools to foray in the market.

If you are looking to learn how to trade better and earn money for a vacation, or even for retirement, you can do so with the help of Forex and its direct access to the currency exchange.

Article Source: http://www.ArticleJoe.com

About the author: Jimmy Jooves writes exclusively for Forex Fun, there's a wealth of knowledge on the website, plus their free newsletter is well worth signing up for too. If you want to read more Forex articles go to: www.forexfun.com/articles
Click here for other unique forex articles.


By Gone are the days when stock market was limited to the rich who paid brokers to manage their portfolios. Thanks to online investing, now there is a multitude of business savvy middle class individuals who indulge in the trading game. Web sites like Forex offer opportunities to nearly anyone to start investing in the stock market and earn money as a stock or currency trader.

It is important to note that Forex is a Web site that is used by investors who are self directed. It is not for the weak of stomach, and all investors need to be comfortable with some amount of risk. And, unlike other trading sites that trade in stocks, Forex is mainly a currency trader. Access to the foreign exchange market is given through an account, and you can invest in one form of currency or another, hoping to make money off of the way currency values fluctuate.

While the main point of Forex is to allow access to the foreign currency market and allow you to make trades, the Web site does provide many tools to help you make better-informed decisions. That said, it is important to realize that trading Web sites will not take responsibility for losses, and most of them charge commission or charge a flat rate for each transaction.

Forex has a learning center for users. It provides exhaustive information about the foreign currency market. It is particularly useful for people who are not familiar with the currency trade. It helps them by explaining how the market works and how to read the market.

Another more advanced tool is the Forex trading section. This builds on the knowledge gained from the learning center and helps you learn specifically how to use Forex. In addition, Forex offers tools such as tutorials on how to read the quote board, how to understand bid and ask, and the method to figure out the high and low. The training is comprehensive enough to help you watch and understand the market trends and decide what to do.

The free practice account offered on the Forex Web site is one of the most helpful features. It opens up a mock account stocked with practice money to help investors get started without much apprehension. As you read the charts and quotes, and buy and sell you get an idea of how much money you have made or lost. It is like a warming up exercise before you actually get going in the currency market.

The Forex website makes available all the charts and investing tools to the investor along with comprehensive real-time charting and research to get on with the investment process. The training tools at the Forex help you better understand and use the charts and the research. You can set up an account with Forex with amount as little as $250 in your account and once you become member of the website you get access to more advanced charts and tools to foray in the market.

If you are looking to learn how to trade better and earn money for a vacation, or even for retirement, you can do so with the help of Forex and its direct access to the currency exchange.

Article Source: http://www.ArticleJoe.com

About the author: Jimmy Jooves writes exclusively for Forex Fun, there's a wealth of knowledge on the website, plus their free newsletter is well worth signing up for too. If you want to read more Forex articles go to: www.forexfun.com/articles
Click here for other unique forex articles.


Gone are the days when stock market was limited to the rich who paid brokers to manage their portfolios. Thanks to online investing, now there is a multitude of business savvy middle class Read more...