First, what is "Scalp Trading?" In its simplest form, it is making lots of small trades looking to make just a few pips here and there. A pure scalp trader is not concerned with trends and does not stay in any trade for very long. A scalp trader only stays in any trade long enough just to make a few pips or whatever dollar amount they are looking for and then they are out.
The upsides to this form of trading are:
limited risk due to diminished exposure to sudden market movements
easier to make a profit since small moves are easier to capture
small moves occur all the time so trading opportunities are many The downsides to scalp trading are:
they pay a lot of "commission" pips
they must account for the pip spread on every trade
one bad trade left too long can wipe out all earnings
must be in front of the computer all the time to execute trades As you can see, being a scalp trader is A LOT of work! Here's where Forex Bling can help and actually thrive. One of the EA's or robots that are part of the system is optimized for scalp trading. See that last part where a scalp trader must stay in front of the computer to trade?
Not with Forex Bling! This EA (robot) will constantly monitor the markets scanning them all the time for the right conditions for scalp trading to be successful. Usually this is when markets are not trending but are moving sideways in a range. As forex traders know, markets are moving sideways most of the time. In fact, almost 60% of the time, they are moving sideways.
The special EA that is part of the Forex Bling package will detect ranging markets and automatically execute trades and automatically close them as well depending on your risk level and your account size. This is fully customizable to your own comfort level. So if you are looking for a forex robot that will eliminate the the headache of needing to be tied to your computer and will remove all the emotions out of trading, then the Forex Bling System is for you!
You can learn more about the Forex Bling Trading System at ForexRobotsNews and how it can help you successfully scalp trade your way to profits.
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