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Forex Scalping - How it Can Be Done Without Any Indicators

Many people prefer forex scalping over swing or long term trading. They prefer the idea of being in and out the market seven or eight times a day, than having a sit and hold strategy. There is absolutely nothing wrong with that, however you do have to make sure you know what you are doing before you start buying and selling like crazy.

For starters, when it comes to forex scalping, just like long term trading, it is very important that you trade with the trend. If you don't, it's like swimming against the current. Sure, you can get to where you want to go, however you're only making it harder on yourself.

But when it comes to actually spotting the trend for forex scalping, I am one of those people that believe you are not going to find an indicator that is going to be able to tell you where the trend is. This has to come from you . You have to look at a chart and be able to properly analyze it.

Don't worry, it's not as difficult as you may think it is. Just pull up your favorite indicator and start reading left to right like you would anything else. Which way is it going? Pull up different time frames and compare and contrast. Try to do this from a top-down perspective, where you are trying to find the longer term trends, so you can use that trend in the shorter term.

Forex scalping can be really tough if you are not looking at price action, as that is the key to any kind technical analysis. Don't rely on a couple of Stochastics lines to do that for you.

Has trading with indicators brought you any success? If not, don't feel bad. You are definitely not alone. It wasn't until I completely threw out my indicators that I finally achieved the kind of trading success that I only heard about. I am now living the lifestyle I had always wanted and its all due to learning the concept of price action. You could learn more by checking out Trading In The Buff .

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