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Forex scalping is one of the most demanding trading styles. It needs everything to work quickly, precisely and according with the strictest rules, and where the money management plays a paramount role. 10000 account in just 3-4 weeks! A Forex scalper is an experienced craftsman in his industry. Building a trading system that would allow to scalp the market effectively is so difficult, that many traders, even professionals, often choose to conclude that price action on the small scale charts is random, because they can’t trade it.
Well, that’s my friends, only an excuse not to trade on smaller time frames. What do you need to start scalping? Speaking of trading rules and indicators, I haven’t met a scalper who would use only price patterns or only trend lines or fibonacci numbers, or Gann theory etc etc – all those fundamental studies which are used on larger time frames by expert traders, are rarely seen in scalpers’ systems. How to pick indicators for scalping? I’m afraid, that’s going to be your task, my friend. Every scalper starts with some favorite tools he picks up while learning how to trade.