Forex News - new & improved

July 20, 2009 - PRLog -- Forex news is a blog that will follow the latest happenings in the forex world. It will also try to explain the most used terms and strategies in forex trading. I have already written about forex scalping, day trading, dow theory, popular indicators and much more. As i have already stated the blog brings the most interesting daily news which should help you decide which way you want to trade. Make sure you visit my website because im sure you will learn a lot about forex and find it very useful.

Forex scalping is the art of using high leverage and a large number of short term trades to steadily increase an account. Usually, only 1 to 5 pips are targeted for each trade. This type of trading appeals greatly to day traders and those looking to minimize the risk involved in trading currencies. Next to money management, “risk control” is the single most important trait to a surviving (and thriving) currency trader. The small amount of time that is spent in the market limits much of the risk in exposure in comparison to a longer term system. Also, the freedom involved in a speedy Forex scalping system in such a liquid market is a “magnet” that drives many traders from other markets to try their hand in currency. A disciplined and steady scalper could seamlessly double or triple an account, and spend only a fraction of the time in the market as a common day trader.

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