Learn Forex Scalping Strategies

[HTML1]

Another Great Scalping Day!

Today, Chief Trader Armando Martinez takes a trade on the AUD/USD currency pair. The position itself is an active one, and Armando takes particular notice of PMDs in the 1-Minute time frame of the FxPM™ Matrix as they come closer together, indicating a shift in momentum. He takes the long position and immediately sets a stop-loss to allow for a maximum possible loss of -7 PIPS. Once he sees enough pips to feel comfortable with it, he adjusts his stop-loss to breakeven, thus eliminating all risk on the trade! Shortly thereafter, he exits the position with +11 PIPS of profit! Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.

Tagged with:

Filed under: Daily Learning Moment

Like this post? Subscribe to my RSS feed and get loads more!