The Easy Way to Scalp Forex and Make More Than $100-Day

Making the big bucks in forex and doing it while scalping quickly sounds so cool. It's almost like a dream. Or in this case a dream come true. I'm going to show you how to do it. It's really not hard, just follow along.

Okay, for scalping you want a really short time frame. Something like 1 or 2 minute bars would be good. And something else, you want to make sure that you only try scalping in active times. That means in the London afternoon or New York morning. That's it. Doing it in other times is asking for trouble because the market isn't liquid enough for the really quick in and our moves (and it's more erratic at these times).

Moving on, you need to put a MACD indicator on your chart next. You could use standard settings. I often speed them up (make the numbers smaller). It's better that way for scalping. Now you are ready. You need to find exact entry points. This is a precision game. What you are looking for is divergence between the price. At that point, you jump on at the open of the next bar.

When the market diverges at this level, it will move at least 5 pips to 12 or 13 pips. You're looking for 10 pips in profit. Set your stop loss at 5 pips.

Now, when the price reaches 5 pips in your favor, move you stop to break even. Only try this on pairs that give you 2 pip spread or less. You may need to use and ECN broker for this.
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