Moreover, there are automated systems trading only as the Asian Session begins.
These short-trading systems are commonly scalping the market. Many of these
Scalping Systems are presented in Chapter-7.
So What is Forex Scalping Then?
Scalping is a promising way of trading Forex based on the assumption that you hold
state-of-the-art trading technology and the right system to do the job. Scalping
Forex means opening and closing trading positions lasting less than one minute and
targeting returns as low as 0.001%. Those traders who scalp the market are called
scalpers. This is a common trading style and you may find more trading styles at
Chapter-6.
Why should anyone targeting tiny returns of 0.01%?
Wait until the next chapter, the chapter about trading leverage, and you will
understand the reason why.
Online Forex Platforms
What is a Forex Trading Platform?
A Forex Trading platform is simply your ticket to Online Forex Trading. A Trading
Platform is working like a bridge between you and your Forex Broker. When you
execute a trading order (for example selling British Sterling against the US Dollar)
this order is passing instantly from your platform to your broker. Then again almost
instantly it is passing to the Forex Market.
The fantastic thing is that almost all Forex Trading Platforms (Desktop and Mobile)
are offered for free to download and to use. Freeware and open source software
matters when you trade Forex. The industry’s standard platform is the MetaTrader4
platform from Metaquotes. This platform is called also MT4 and allows manual and
automated trading in both desktop and mobile devices.
Almost all Trading Platforms today offer features such is the use of indicators,
technical analysis tools, trading on charts, 1-click-trading, news alerts etc.
■ Learn the basics about Forex Trading at the web-site What-is-Forex.com
» What-is-Forex.com Learning
Forex Guide v1.0 – Qexpert.com
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