Hey, check out these auctions:

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Hey, check out these auctions:

Cool, arent they?

Forex scalping systems are very popular and there numerous ones for sale online which aim to make big regular profits, keep risk small and lead you to currency trading success. Let’s take a look at them in more detail…

Any Forex scalping system to make money needs to be able to do the following:

- Predict where prices may go in a few hours are minutes

- Define levels of support and resistance for stop loss protection

- Work out what millions of Humans are going to do in a short space of time

That’s quite a challenge and it’s an impossible one! Why?

Firstly humans make the price of any currency and it’s the opinion of millions of individuals and you cannot predict what they will do in short periods of time furthermore, you can’t set stops or key off support and resistance in such short time frames because all volatility is random.

Prices can go anywhere in short time spans and do so you cannot get the odds on your side and that means losses.

So why do People Use Forex Scalping Systems?

They believe the vendors who sell the concept of small risk and small regular gains but this never happens and all the track records you see from vendors are back tested simulations and never repeat.

Forex scalpers aim is to restrict risk but they actually create it.

There is no point in having a tight stop loss, if you are going to get hit most of the time and you will. Also Forex scalpers break a fundamental rule of trading which is run your profits. When there lucky enough to have a profit they cut it.

So you have lots of small losses, the odd minor profit and that leads to equity wipe out.

If You Want to Make Money Understand this!

You need to get the odds on your side and trade longer term. If trade longer term and lock into the big Forex trends that last for many weeks or months, you can make a lot more money in less time and reduce your risk.

Look at any Forex chart and you will see these big trends and if you focus on them rather than the market noise. Forget losing Forex scalping systems and use a Forex trend following system and you can enjoy currency trading success.

Dollar hits fresh 8-month low vs yen after GDP data
NEW YORK, Jul 30 (Reuters) The dollar hit a multi-month lows against the yen and Swiss franc on Friday as U.S. economic growth data showed growth in the world’s largest economy is slowing and reinforced the view interest rates will remain low well into the next year.

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MaxiForex – Дневной обзор 26.11.09 по рынку Форекс (Forex). Начать трейдинг можно на сайте www.MaxiForex.ru

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