Forex Scalping Cheat Sheets

Last week I sent over one of the most groundbreaking trading reports I have come across in over 7 years. It was called the 60:30:10 Principal, and it got so much buzz,it was downloaded over 21500 times the very first day it was released!

Today, the author of that report and highly respected trader and educator, Jason Fielder, has raised the bar even higher. He has just released his own personal forex scalping "Cheat Sheets" that reveal several legitimate "loop holes" in the markets.

Forex Scalping Cheat Sheets

Forex trading can be done short term or long term. Most of the day traders are short term traders who open positions each day and close those positions before the close of that day. Some traders use fundamental analysis as a trading strategy. They are usually long term traders opening a trade for a few weeks or a few months.

Scalping is one of the methods to trade forex on a short term basis. It is a trading style where small price gaps created by bid/ask spreads are exploited. It normally involves opening or closing a position within a few minutes or even second.

Forex Scalping Cheat Sheets

Scalping means making 2-5 pips per trade; it is based on the fact that most of the time the markets are consolidating. In other words most of the time there are no significant movement in the markets.

When the market is consolidating and ranging best suits the scalpers. For example between the close of the US market and the open of the European market, forex markets tend to be ranging for hours. This is the best time for scalpers. 

Forex Scalping Cheat Sheets

However, the more you trade, the higher your trading cost becomes. For example if the broker is giving a 4 pips spread to you than this 4 pip is your trading cost per trade. You will have to make more than 4 pips per trade to start making profits. 

You cannot become a successful scalper without understanding technical analysis well. You should have clear concept of over-under brought, support and resistance levels, trendlines, trading channels etc before trading any position. 

Most of the forex brokers dont like scalpers. Many will try to ban you if you are found scalping, since the brokers are most of the time trading against you, a successful scalper can take profits away from the brokers.

Forex Scalping Cheat Sheets

Since scalping means a few pips per trade, in order to make 20-50 pips per day, you will have to trade many times. Dont forget these 20-50 pips are after you have subtracted the trading cost.

Since scalpers are looking for capitalizing on very small gains like a few pips per trade, the profits obtained per trade are small. So scalping requires you to use high leverage.

Leverage is dangerous. It is a double edged sword that cuts both ways. Leverage helps you if market favors you but it will destroy you if the market does not favor you. So beware of using too much leverage while trading.

Jason literally "cracks the code" with his brilliant approach to scalping, and he is actually giving away 4 different systems on how he does it...But only for a few days.

Forex Scalping Cheat Sheets

As a full time trader myself, just about every new trading system, report, or high end strategy comes across my desk...on a pretty much daily basis. So you can imagine how unusual it is for one to actually stand out. Jason's scalping "Cheat Sheets" are without a doubt a very notable exception.

The cheat sheets will reveal when the best times to scalp are (they are not when you think) and the times to avoid. Plus you will discover how to break the market down into several “micro-markets” and trade each one accordingly. Go grab your copy, they are short, to the point, and they will give your trading an instant bump.

Forex Scalping Cheat Sheets