Wednesday, February 18, 2009

Learn To Scalp Forex Using Cyrox Method

Cyrox Simple Scalping is a trading style specializing in entering the ForEx market with high probability and taking profits on small price changes, generally soon after a trade has been entered and has become profitable. It requires a scalper to have a strict entry/exit strategy with discipline because one large loss could eliminate the many small gains that the scalper has worked to obtain. Having the right tools such as 5 sec or xtick Cyrox Chart, a live real-time feed, a direct-access ECN broker and the motivation to identify and place high probability trades are required for this strategy to be successful... A brief exposure to the market diminishes the probability of running into an adverse event. Smaller moves are easier to identify and obtain by staying in a 5 sec Cyrox Rainbow chart.Small profits compound into large gains and allow the scalper to trade bigger lots with lower risk. Even during relatively quiet markets there are many small movements that a scalper can exploit to make money everyday. Scalping can be adopted as a primary or supplementary style of trading. Scalping is very profitable for traders who decide to use it as a primary strategy or even those who use it to supplement other types of trading."It takes time and practice to learn my methodology, but those who are able to master this approach can enjoy long-term success in the currency market"

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