Forex Scalping Strategies

Forex Scalping Strategies :

Real-Time Fast and Furious Forex Trading with Greg McLeod
Watch how Greg McLeod, A.K.A the 'Pip Star' takes on the $4 trillion Foreign Exchange Market with his unique High Frequency Trading style in the Pip & Run Trading Room. Greg teaches you how he Day Trades and pulls money out of the market in 60 minutes or less.
Greg has traded live in front of a live audience of over 200 people at a Forex trading Expo in Vegas. He grabbed 22 pips in 15 minutes with the first trade closed for profit in 1 minute.

Learn To Trade Non Farm Payroll

Trading NEWS carries a risk that you have to accept if you like that type of trading .. the next quick video is discussing an example for trading the Non Farm Payroll and explaining the meaning of candlesticks and price action .. I hope you find it useful ..

Other helpful Posts :

How to Trade Economic News 

The Best Way To Trade the News

Pros and Cons of Different Financial Markets

If you still at the very beginning of your trading journey it is very useful to have an idea about each financial market and what are it's pros and cons and compare it to your style and psychological profile and also your risk tolerance..


Th next short video is giving you an idea about each financial market including Forex, Stocks, Commodities and Futures .. i hope you find it helpful .

How To Calculate Risk in Forex Trading

Calculating Risk in trading has a great impact and importance in your trading , the next video is giving you a simple way to calculate your risk trading the Forex Market .. 


Note that having a fixed risk in trading is not necessary be suitable for all traders but open your mind and listen for many ideas in order to be able to choose your best Risk Management method that suits you and your trading .. 

Moving Average cross over

Moving Average cross over is a trading technique that you will find most forums and trading communities saying that it is the most simple and profitable strategy !

My intention here from posting that video is NOT to say that this is even called a system or strategy because trust me it is NOT but, i am posting just to make you understand the concept of Moving Average cross over and how traders think about it and i personally completely refuse that types of techniques and you must know that Market Makers certainly know that craps and work against it many times ..

When a Trader Sings .. !!

Man it is horribly bad  !! ^ - ^  ☺

Characteristics of Successful Traders

Successful traders certainly have some common characteristics regarding their personality and their way in dealing with the market and i mean here the psychological part .. being aware of that will help you to develop those common pros early in your trading journey hence you can reach your financial goals .. 


In the next 4 video series Norman will present some of those habits or behaviors that successful traders have hoping that you can benefit from that and to avoid unnecessary trading mistakes ..

Investing Rules

It is always about your Trading Rules when it comes to success and trading with consistent profits .. you will be  amazed how many traders start their usually loosing trading journey without any kind of plans or thinking about their financial goals .. 


The next video is presenting some basic important investing and trading rules and you must have a clear answer for each question asked in that presentation ..

Trendline Breakout and being Reactive Vs. Predictive

Trend lines can be used in many different ways in trading , some will prefer the bounce of a trend line others will tend to trade Breakouts either a breakout of a channel or a trend line .. etc . 


The following video is very useful starting with clarifying the difference between being a Reactive or Predictive trader then talking about trend line breakout and what is actually you are doing when you decide to play those kind of trades , after that you will learn a trading technique to confirm a breakout of a trend line referring to the term " Sustained Breakout " with chart example to make sure you got the idea ..

Who is the Best Forex Trader ?

Being the best in what you are doing is the hope for every one and the same will be in trading , this video is giving you an idea about being the best and why as he mentioned the famous well known trader George Soros .. 


What was interesting is that you can really be another Soros but, the problem for most traders is that they don't have enough confidence in them selves ..

Other Useful Posts :

George Soros Quotes

George Soros Interview with Fareed Zakaria 


George Soros - Challenging the Foundation

MACD Histogram Trading Strategy

MACD Histogram is a tool used by many traders to support their trading decisions , this video is illustrating a trading strategy using the MACD Histogram in addition to Moving Averages .. 

Very simple trading strategy and it can be used in the Forex Market , stocks and commodities .. i myself would like to add  MACD Divergence to be more comfortable entering a trade .. i hope you can benefit from it .

Dancing Stock Market Bear ^ - ^

When Market is falling down and Bears celebrate .. !! ☺

Scalping Trading System for Forex Market

The next video is showing you a trading strategy that is designed to scalp the market .. it is using the pullback concept detected from the price action itself forming Support and Resistance .. 


In my opinion it is not actually a complete trading strategy because he didn't mention any thing about Money Management and that kind of information but anyway you can understand that trading technique and benefit from it ..

How to setup Hotkeys in Metatrader 4

Setting Hotkeys in MetaTrader 4 is a very useful function that you can use to enhance your trade execution , this video will teach you how to set your preferred shortcut in MT 4 and you can use that for any indicator you need in your trading ..

How to Trade Economic News

This video is showing you a quick strategy to trade the news if you are that type of traders interested in trading news, you can use this trading strategy for quick scalping trades and i personally recommend testing that on a Demo Account  or even return to the historical data on the chart and see it's results over a long period of time ..

Other Useful Posts :

How to use Forex Factory News Calendar

Trading and Emotions - Denise Shull

Denise Shull who is the author of " Market Mind Games " in a short interesting interview is clearing her point about trading and emotions and what is relevant to trading and what is not .. 




Denise also clear the idea of analyzing your emotions and the term " Social Game " which she used to describe the market ..

Understanding Gaps in a more Depth

In a previous post we discussed Trading Gaps and how you can assess each of them , this webinar is presenting types of gaps in a more detailed way showing you how to use gaps as an additional tool to support your trading decisions with few tips in regard to each type of those gaps .. 


Very informative and useful webinar ..

Trading Gaps

" Gap and Go " is the concept and method you will learn through out this presentation and how to trade gaps in a more efficient and profitable way .. 


Note that all examples are stock charts but you get the main idea and how to look at and understand gaps in any financial market and making sense of it's meaning ..

How to setup dual monitors on a Laptop and PC

Some traders like to have more than one monitor to watch the price and follow several trades or setups or even watch Currency Correlations  and this can be done through many ways , the next video is showing you how you can setup dual monitors on a Laptop and a computer ( PC ) ..

7 Simple ways to find a Turning Point in the Forex Market

Trading levels at which the price can reverse is a well know trading school and there are  some traders who really mastered this method or techniques .. the following webinar will teach you 7 easy and simple ways to be able to identify turning points on the chart and make consistent profits in the Forex Market .


After finishing the webinar just review it with your self and write down few simple words for each method and start applying the rules on the chart .. and GOOD LUCK ☺

Stop Run Reversal Trading Technique

The next video is illustrating one of the Market Makers tactics which is actually repeated almost every day in our trading .. i posted that video just to make that point clear .. supply and demand is the the rule of the market no matter what you have read before or what other beginners are telling you in a forum or a trading room .. etc .


The difference is how you are going to play those levels and this is what separates amateurs from professionals ..

Forex Correlations - Ilya Spivak

Ilya Spivak in a very interesting seminar is discussing the concept of correlation between the Forex Market and other Financial Markets , it is useful and helpful for traders to know what is actually affecting the currency market and how it relates and respond to these other financial markets like stocks, commodities, Gold and other markets ..


I personally don't make a trade based on Forex Correlations but, it is useful as i said to be aware of the possible results of other markets that can affect the price action on your Forex chart .

Trend Line BreakOut Trading

Trading with Trend Lines is a powerful method to make you profitable in the market and i know that forums and that kind of communities made it looks like it doesn't work anymore but, guess what ? they still perfectly work ! 


The problem is drawing weak unrealistic trend line then placing a trade based on that trend line and the result is known = loss so, in the next video i would like to study the charts and see each line how it was drawn and apply the same on your charts in addition to few tips in regard to drawing trend lines  in that video .. hope you find ti useful ..

Other Useful Post :

Using Trend Lines to Optimize Entries - Jeremy Wagner

Understanding Trend Lines

Where to Place Your Stop Loss ?

Placing your stop loss can make your trade turns into either a profit or a loss depending on the reliability of your stop loss placement according to what is the price is telling you and when you are actually going to say no i am wrong and get out .. 


The next short video is discussing that idea of placing your stop loss and how to be realistic and don't use Tight Stops ..

Tips for Using Stop Loss

The next video is presenting some ideas and concepts that you need to be aware of in regard to using Stop Loss  like using a fixed amount of pips in each and every trade or not being alert to Support and Resistance Levels and other few important tips that i hope you find it beneficial to you .. 

Other Useful Posts :

Stop Loss Hunting and Trade Trap | Trading Lectures

Adjusting Stop Loss Orders | Trading Lectures

Tips For Using Trailing Stop Loss | Trading Lectures

When a Trader Gets Angry !!

Did you do that Before ? ^ - ^

Understanding Top Down Market Analysis

For Day Traders it is very common to be confused when you separate your self from the bigger picture represented by Top Down Analysis and you can't even imagine how many times i saw a complete risky trades just because of ignoring the higher time frames .. 


The next video is showing you an example for  Top Down Market Analysis starting with the monthly time frame then weekly then daily .. etc .

Other Useful Post :

Multiple Time Frame Trading - James Chen | Trading Lectures

Interview with Adrienne Toghraie

Adrienne Toghraie who is the author of Trading on Target in a wonderful interview is covering many aspects regarding trading success and other psychological factors .. Adrienne started her talking with mentioning the importance of being passionate about trading and loving what you are doing that will help you in being  creative, analytical  and self disciplined .




Adrienne also will talk about some specific types of personalities and who should continue trading and can be a very successful one and who should not and referred to  the term Discretionary Trader then, Adrienne talked about the emotions associated with trading and do people really can trade without emotions ?


Very interesting and beneficial interview hope you like it ..

Other Useful Post :

A Trader's Guide to Self Discipline | Trading Lectures

When Not To Trade - Trade Example

This is a trade example on the GBP/JPY Pair and in that video i just want to send you a message that whatever your chart looks attractive and a loud voice inside you screaming to buy or sell or you are going to die ^ - ^ .. just Don't listen !


As long as a trade setup doesn't match your Trading Rules just forget about it and go to the next trade ..

How To Speed Up Your Trading Using MT 4

This is a very helpful video presenting some useful shortcuts and tips to navigate MetaTrader 4 more easier and quicker and this will make your trade execution much comfortable ..


I strongly recommend watching that video either you are a beginner or a professional ..

How to Spot a Trend Using Price Action

Price Action as i always say is offering a tremendous amount of information and signals that is worth it to study and understand .. in the next video i would like you to see the swing highs and swing lows illustrated on the chart just to train your eyes about that kind of charts and be more accurate in determining the correct trend .. 


Remember that Price Action Trading needs real practice for long time so, be patient and spend enough time ..

Ron Wagner is presenting a short 2 videos discussing the use of price , Moving Averages and Trend Lines .. Ron is actually mentioning few tips regarding the use of trend lines and MA and i hope it will be useful for all of you .. ☺

Fibonacci Trading Strategy

This is a very simple trading strategy using Fibonacci Retracement Levels , no need for other Technical Indicators as the strategy is based on Price Action , Trend Lines and the Fibonacci ratios ..
The good thing about this strategy is that it provides a  Good Risk Reward Ratio and this is very important in both short and long term trading results .. 

Note : the second example is not completed in that video but the main idea is clear for the strategy ..

Euro is apologising !!

When Euro regret and admit .. !! ☺

Why Suffering with Picking Tops and Bottoms ?

Trying to pick tops and bottoms is something exhausting in my humble opinion for traders , some will think that you must have that talent to be profitable in trading and this is completely wrong !


Very few people have that kind of trading talent and trust me you don't need it to make a living trading any market , the next video is discussing that idea and always remember that price can do anything beyond your imagination .. ☺

Trick For Zooming In On Price in MT4

Some times you need to zoom in on price more than what Metatrader 4 offers so, this little trick can help you in doing that job very effectively and this is useful to record your notes about Price Action and candle wicks and other price related behaviors ..

The YOYO Trader !!

Did you have an extremely profitable  month when you made a very good money then the very next month you lost every thing ?!
Then, you made a lot of profits again and thought that oh ya trading is lovely and easy .. after that a huge loss again taking all your profits !!


Dear friend i am sorry to tell you that you are a YOYO Trader !



What we mean by the YOYO Trader is being up and down in your Equity Curve ( up 50 % down 70 % up 60 % down 50 % ... etc )
and this is actually very common especially in the Forex Market where the existence of Leverage can trick the majority of beginners making them live the Million Dollar Dream .. !!


To have an idea about the YOYO Trader equity curve let's think about the following diagram as we represented the equity curve by numbers between ( + 10 and - 10 ) .on the vertical line and of course time on the horizontal line ..

You see now ha ?

Unfortunately this curve is describing thousands of traders struggling in the trading business but,  let's be positive and think about the possible reasons for that curve .. shall we ? ☺

1 - Missing a plan :

It is obvious that random trading without any kind of taking other scenarios into consideration can lead to catastrophic trading results so, being aware of that should tell you that you really must have a solid well defined Trading Plan for all possible outcomes .

2 - Moving from one trading strategy to another :

Very common Trading Mistake and i think we all fall into that one didn't you ? ☺ so, it is extremely important to spend enough time to test your trading strategy and to have a scientific method to assess your trading method not moving from strategy to another just because you had some loosing trades !

3 - Bad use of Leverage :

Of course it can draw that kind of curves when you misuse the leverage so, it is not something i consider positive that this Forex Broker is offering 1 : 1000 leverage and that one offers whatever !!
Using leverage can increase your profits and can increase your losses as well so Learn How to Estimate your Risks ..

This was just few examples of reasons that make your trading results dancing like a YOYO ! ☺so, my dear friend .. you don't need to suffer from huge losses then huge wins .. etc but all you need is a steady up rising curve .. YES you will have losses and this is the cost of doing business not that you are a bad trader or stuff like that ..


Remember that taking an estimated loss is extremely better than having a series of winners then ONE Big LOSS  that takes all the winners if not the whole account ☺




I hope you all the best and consistent profitable trades .


REGARDS ,, 

Harry Markowitz Interview ( Highlights )

Harry Max Markowitz  who is known as the Father of Portfolio Theory and he won the Noble Prize also .. this is only Highlights  from an interview with Harry and i posted that video just to inform you about this man and more will be posted in the future .. ☺

Timing with Trend Lines and Fibonacci

Trend lines trading is powerful and still works very effectively in Financial Markets and when  you use trend lines in addition to Fibonacci levels and spot areas or zones at which a Fibonacci level intersects with this trend line it is really a strong level to trade with higher odds on your favor ..


The next video is showing few examples to understand this trading technique in more depth ..

Euro can't sleep ^ - ^

When EURO is annoying and can't sleep .. ☺

Marubozu Candlestick Pattern

Marubozu Candle is a term referring to a very big candle ( in relation to other candles on the chart ) with a very little or no tails or shadows .. this type of candlestick patterns is really powerful and means a lot in regard to the price movement .. 


The next video is illustrating the Marubozu Candle with real chart examples and note that these examples were taken from the Indian Market but sure the same concepts apply to any other Financial Markets ..

Sport Tips that Traders Can Use

Dr. Gary Dayton in a very interesting short interview is presenting the similarity between sport athletes and trading as both will need three basic important steps : Preparation, Execution and Review or ( Before , During , After ) Concept .. 

After that Dr. Gary will explain each one of  these three steps ..  Just watch it and think about it ..

4 Tricks That Money Managers Use

You are not different that much when you look at Money Managers as you also need to be a very good manager of your own trading account and this management requires well balanced actions to keep your track on it's success way ..


The next video is giving you 4 tips to protect your capital from being lost including your reaction after taking a loss , your view and understanding of Diversification Concept , Your Risk Comfort Zone , implementing  your trading skills into your trading strategy ..

very beneficial video .. ☺

Flags & Pennants Chart Patterns

Flags & Pennants are very profitable Chart Patterns that offer an excellent Risk Reward Ratio,the following short video is showing you how to spot these patterns and how to measure your profit targets .. also where to place your stop loss .. 


Quick and opening mind video ..

The Concept of Liquidity

Elizabeth Harrow in a quick video is answering a question about the concept of Liquidity and what does it mean .. in the Forex Market the rules are the same and you may feel the meaning of low liquidity at times like the Asian session as there is a very little price movement in pairs like EUR/USD , GBP/USD and USD/CAD .. 

Hope you find it helpful ..

The Biggest Three Day Trading Mistakes

Day Trading offers many chances and profit potentials however, it needs really a level of experience and practice .. in this video you will learn three of the most important Trading Mistakes regarding day trading .. 


These trading mistakes include of course Not having a Trading Plan and listening to Trading signals or recommendations from your Broker and more ..

Are Forex Signals Reliable ?

Forex Signals are actually one of the things you can use in trading the market but, the idea here is that are you fully relying on these signals or not ?


Forex signals can be beneficial to you in many cases and you have to learn how to get the best of them so, the following video is giving you few quick tips regarding the reliability of trading signals and how to use them to boost your trades ..

Backtest in MT4 Explained

Backtesting  in MT4 is a very important advantage you can use to have a basic idea about the validity and accuracy of a trading system , Backtesting is not a final judgment to be sure that this trading strategy or system is what you are looking for but as i said it gives you initial sense and evaluation .. 


The next 2 videos are going to explain MT4 Backtest and illustrating every item in the process of doing your Backtest ..

Staying Focused on Your Trading

Being Focused is something you should develop as a trader to become successful, the main problem for most of traders is that they focus only on money and just money  .. yes i know it is obvious that we all want to make money in trading but focusing on that by itself will not make you money but it will actually make you take the wrong decision on many trades .. 


Stuart McPhee in The next video is showing you quick tips on how to set your focus and how to think about trading ..

Trader's Fantasy .. Too Much Too Soon !!

"  Too Much Too Soon  "..  it is the most expressive sentence describing many beginning traders, dear friend .. I know that we all came here in that business to make money and i know that you are really excited about how much you can make trading the Forex Market .. 





After watching dozens of dishonest ads and how you can make your million dollar in a matter of few months and sometimes few weeks !! .. i give you an excuse to be overexcited but, as you know every thing in our life has rules and if you ignore that i don't think you will reach your goals and make your dream a reality ..


When you make extreme amount of profits on your Demo Account you think that trading is something so easy and you may wonder why all those traders lose ?! .. and once you open your first live trading account you feel that the chart is talking to you saying .. " Welcome to the real world !! " .. i bet you felt that ☺


Dear trader, You have the right to dream about making any kind of money you wish but you must also know that being a consistent profitable trader is something that needs Time, Effort and Well Education otherwise you will be wasting your time in that business and with all respect i don't care how much you have made on a demo account or how much you made on this day or that month simply because trading is a business for your whole life not fun of a day or a month then a Margin Call !! 


May be you started the wrong way or tricked by those silly ads but it's OK , just start to write your Trading Plan, your Money Management  Rules and your Financial Goals .. be aware of them and always take the necessary steps to be closer to your targets and trust me you will if you treat it as a Business not as Gambling 


Finally i wish you all the best in your trading and in your life ☺

REGARDS ,,

Tips on Finding the Best Forex Brokers

As we all know that Forex Brokers in our days became a nightmare for traders so, it is really worth it your time and effort to spend some time and research here and there to gather the maximum amount of information that help and protect you from being cheated by Forex Scams .. 


The next quick video is offering few valuable tips when you choose your Forex Broker so, i hope you listen carefully .. 

 

Other Useful Post :

How to choose a good broker - Currency Trading | Trading Lectures

Ashraf Laidi - Tips To Choose Your Broker | Trading Lectures

How Forex Brokers Make Money ? | Trading Lectures

Van Tharp - Disciplined Trading

Van Tharp is a very famous well respected person in the trading community who presented many Lectures, Audio and Video courses regarding the core process of trading and market psychology ..


In this video Van is presenting his opinion about Traders Mistakes and the psychology behind those kind of unplanned decisions and as usual Van will talk about the extreme importance of Risk and Money Management .. and more in this really beneficial seminar ..

How To Trade Bollinger Band Extremes

In a previous post we discussed How to Trade Bollinger Band Breakout .. in this post you will have a presentation showing you how to trade Bollinger Band Extremes because we all know that the price can actually extend even through the upper or lower bands .. 


We will start this presentation first by mentioning some Bollinger Band problems in trading and how you can avoid these defects then, we will go into the purpose on trading Bollinger Band Extremes .. hope you find it useful .. ☺

Problems with Elliot Wave Theory

Elliot Wave Theory  is of course a very well known science for trading the market .. many traders argue that this science can't make you profitable in trading because of many reasons like that you never see 2 Elliot Wave Analysts are Counting Waves the same way !!


This video is presenting few problems with Elliot Wave analysis and of course the final judgment is yours ..


Personally i don't use Elliot Wave Theory  in my trading and i didn't  take time to study that science simply because i found another way to be profitable in the market and it was the Price Action Trading however, i have to admit that i knew some of my friends who are really successful with Elliot Wave  trading and this means ONE thing which is :


Every Trader has his own way to profit in that market so, Please don't waste your time in argument but listen to all opinions then  make your own decision .. ☺

Importance of Trading Journal

Having a Trading Journal is something that the majority of traders will not respond to however, it is really beneficial to you and your trading experience .. in the next video you will have some basic thoughts of why trading journal is something you should care about and what are the benefits of having a written rules and a written Trading Plan .. quick and useful video .. ☺

Kathy Lien - Secret of Forex Fundamentals

Kathy Lien in a great webinar is discussing the importance of Fundamental analysis and being aware of what is actually going on in different major economies .. terms like Fair Value, Safe Heaven Currencies, High Beta Currencies, Option Expiration, Fx Reserve and more other important terms will be explained during this presentation ..


Kathy also will share some valuable information regarding the Monetary Policy and Monetary Responses via Central Banks and how do they think and act affecting the Financial Markets ..

Carry Trade Explained

Carry Trade is  a form of trading that some traders tend to prefer as a passive income into their trading portfolio and this is done by going long the currency with higher Interest Rate and shorting the currency with the lower interest rate ..


The next short presentation will give you a better idea about the basic concept of Carry Trade and how to benefit from that trading technique ..

See also .. 

Compound Interest Explained | Trading Lectures

Get More Knowledge about Forex Brokers

In this post i would like to share with my dear trader some really important tips and information regarding Forex Brokers and how to choose them .. these videos are presented by Stephen Story and i chose some videos regarding our topic in this post .. 


What you will get is a quick definition for Market Maker Brokers ( MM) and the ECN Brokers in addition to some suggestions for the ECN one and of course you can do your research to get your own favorite .. also you will learn how MM are actually working and why they are taking the opposite positions  of your trades , how to differentiate between a true ECN Broker and the counterfeit ECN Broker .. and more in this video series ..

Other Useful Posts .. 

How to choose a good broker - Currency Trading | Trading Lectures

Ashraf Laidi - Tips To Choose Your Broker | Trading Lectures

How Forex Brokers Make Money ? | Trading Lectures

Ashraf Laidi - Tips To Choose Your Broker

choosing your Forex Broker is really something you should work on from the beginning not after having a problem with your broker so, this quick interview for Ashraf Laidi  is showing some basic few tips regarding the important aspects to look for when you choose your broker and i hope you find it beneficial to you  ..

Other useful post :

How to choose a good broker - Currency Trading | Trading Lectures

Funny Trading Comics .. Change Your Mood

Change Your Mood and watch some funny trading comics .. ☺

Price Channel Trading - Trade Example

Price Channel Trading for me is really a joy .. i personally consider that it is one the most profitable techniques you can use in your trading and get profits in a consistent basis ..


The next video is showing you a trade example using Price Channel and i chose this example because i want you to see how he draw his upper channel line and i personally consider it not accurate as the first touch of the upper channel line should be on the first high not the second one as he did .. and what happened was that the trade started to go against him due to this kind of mistake in my humble opinion .. 


Note : As a trader you should train your eye as much as you can to see dozens if not hundreds of trade examples .. trust me it will make a difference in your trading level and experience ..