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Today in Asia we broke out our trading simulation tool to start testing a very basic fprex scalping technique. This will be the first of many video's on it. Watch as we build an improve with every session.
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The forex market consists of many different traders that are participating for many different reasons. Thus, many different strategies are used... from sclaping, to hedging, to speculation, to carry trading and more. This means that traders are looking at the same price and time data, just from different points of view. A scalper will look at short term 1 and 5 min charts. Position traders may only look at the daily chart. This video will teach you how to use multiple time frames to play YOUR trading strategies.