
Hi I hope you all are doing great. In this course I am going to teach you about two simple scalping strategies by using just TWO indicators. I know you guys have been struggling making money in forex market and some of you guys have smaller accounts. So, Taking this into consideration I am revealing these two strategies in this course and make your way to freedom.
Everything I mention in these two strategies you need to backtest it, use low spread currency pairs like EUR/USD, GBP/USD, AUD/USD and USD/JPY.
Practice it well and then move it on live account. Best things to use 0.1 lot that way you will get to know about return .
Identify buy opportunities on a 15-minute chart using Bollinger bands and Stochastics, entering on bullish candles crossing the lower band after two confirmations, with 10-pip stop and 7–10 pip target.
Identify sell opportunities on the 15-minute chart using Bollinger bands and stochastics in the 80 region; enter short after a bearish candle closes.
spot buying opportunities on a five-minute forex chart when the parabolic SAR is under price and price crosses the 200 ema, with a seven pips stop and 10–40 target.
Backtest the two forex scalping strategies with two indicators, follow entry and exit rules, set stop loss and take profit, and practice on a demo before moving to live trading.
Practice disciplined risk management by using 1–3 percent of total equity per trade, with tight stops, a take-profit target, uniform sizes, and break-even positions for bigger wins and smaller losses.
Learn to apply a 1:3 risk-to-reward approach in forex scalping, limit risk to 1-3% per trade, and aim for higher winning trades to grow capital.
Understand trading psychology and its link to scalping strategies, risk management, and the risk to reward ratio. Stay patient, manage stop losses, and journal trades to learn from mistakes.
Key Components of a Trading Plan :
· Currency Pairs
· Risk to reward ratio
· Risk Management.
· Indicators, Timeframe, Entry and Exit rules
· Other specific rules that might be suitable to your personality.
Learn to journal every forex trade by recording date, instrument, lot size, gains or losses, and take-profit or trailing stop insights in an Excel sheet to improve discipline and performance.
In this course, students will learn about the forex scalping strategies that are proven to be around 90% accurate, if practiced accurately. These are easy to use and requires no such extra ordinary skill.
Strategies are especially for those students who have smaller accounts and who are facing problems making money in the forex market. Those with larger accounts have greater benefits. These are only two different strategies which is proven to be right most of the time. These strategies have been working perfectly for me and my clients who bought them from me.