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What is Forex Scalping

Forex Scalping means quick trading. In this method traders change their positions just for a matter of seconds, to a full minute and similar time like that. It can be called as long scalping If you take your position more than minutes.

Main purpose of scalping is making small profits while taking very limited risk, You need to make quick open/close trading for this scalping mode.

You have to use big money for this movement. maybe you can use leverage, which forex companies can give you leverage from 20x to 400x. With forex leverage you can multiply your money. But risk will be also multiplied.


How this works:  For example you (scalper) opens a trading with 100 000 unit of EUR/USD account.  If each pip you earn you $10. Then 3 pip gives you 30$ . not too bad for 1 minute work. And suppose there is no risk for lost your money or risk is minimal than other scalping techniques.

You need to forex software for making this fast movement. And you will need good trader company that allows forex scalping.

What is Forex leverage?

               Forex leverage is works just like real leverage. I takes your power(money) and multiplies it with some number. Forex Leverage multipies your money with 20 to 400 times, this level depends on your forex company.
Some forex companies gives you leverage ability to 100 times. for example if you have 500$ and you want to buy foreign currency. when you used 100x leverage, your money becomes: 100x 500$ = 50000 $ . then you buy or sell some currency and make profit.

Downside of this technique is risk of lose money. If you lost money then your lose will multiplied with some number. Multiply number depends on what you want to buy or sell. forex company decides what number they can give you for your movement.
If you selling Japanese-Yen and Buying Us-Dollar. forex company looks your money(for ex.200$) and then looks the current position of US/YEN then gives you some leverage, maybe 150x times.
If you buying Canadian-Dollar and Selling Euro, and your money is around 800$ , then forex company decides to give you 350X times leverage multiplier.

Forex leverage depends on your stuation and current position of money.
Once you properly grasp the mechanics of forex leverage you can begin to practice forex trading online.

Forex PIP?

PIP: Forex pip comes from shortened version of Percentage in Point. Forex pip is the smallest unit of price that is traded on a currency market.
Most of currencies are traded to four decimal points, so that a pip is 0.0001 or 1/10000 of a dollar. It seems like too little amount of money. but you can earn with forex at this level. Because you will sell and buy too much pips.
 (One exception of four decimal points is the Japanese Yen that traded with two decimal points)
The pip spread is very important. Because you take risk of immediate loss when you buy some currency. The value of the currency you buy must increase by the extent of the pip spread before you break even and the value must rise again to make a profit. Its easy to make profit on lover spreads. But remember that pip spreads are not guaranteed, pip spread can change quickly if forex market flustates.



(Source: http://www.whatisforex.org/)

Forex Scams?

Forex Scam or forex fraud is a growing big problem. Anyone can be forex freaud, maybe someone your know or someone you never met before. Scammers gives you some idea to make your move with your money. Some scammers makes you take too much risk on forex market. Some scammers seems like real bir company, in reality they are not.

If you are new in forex market, be careful about that scammers. New starters always easy fish at this market. If you meet with scammer they can easily understand you are new.

Some kind of forex scams:

1. Magic Way: If someone or some company tells that "We have a magic  system to make you rich in forex market" .
Tell this : "wait a minute if you have that kind of easy magic method you use it and be rich yourself. don try to take my money." there is no guarantee and there is no easy way at any market. There are just scammers and victims exists.

2. Signal Providers: Signal providers can give you fast news and forex signal information. But there is no guaranteed way, they must tell you downside of their system and risk percent. If they say they are perfect and guarantee everything. Think they are liar.

3. Investment Funds:
Some companies takes extra money for investment program. There is no such thing. They can request money for education or something else, they can give you lessons, this is acceptable. But if some company wants investment money and takes back nothing, they are liar. Name can change(investment, preparation) Don`t give you hard earned money to any company which is scammer.
4. Miracle Software or System:
There is no software that will guess tomorrow market. Noone can read news of tomorrow. (except politicians, they can start war, they can end war). If someone have good software to earn guaranteed money they can use for themselves. If someone try to sell you some good software which is guaranteed to earn at forex market (They are liar). Some softwares can makes your job easies that is all.

(Source: http://www.whatisforex.org/)

What is Forex?

Forex trading: its all about earning easy money. maybe you did go to exchange office for any reason, for example: you need to change money if you want to go to holiday to foreign countries. onet exchange rate changes day to day. Sometime your money can get higher to other countries money. sometimes your money can get lower.
Forex is about this high-and-low money exchange system. You can earn money with this technique. Buy other countries money when they get lower, sell other countries money when they get higher. Changes can occur sometimes about any kind of economic waves and political changes.
You can make this technique for any country in The World. Because World currencies don`t have a fixed exchange rate. Money currencies anways fluctating depending on countrie`s inner and outer communication and political interaction. For example : if the war begans on Iraq Oil prices goes higher. (you know this war things happens in Asia too much). if Oil prices goes higher the money currencies goes lower on most country, except the countries have oil sources.
look at this example:
1- War begans on Syria
2- Oil prices goes higher
3- Also Canadian dollar goes higher because Canada has Oil refineries
4- Japan yen goes lower because Japan does not have much oil source
5- At this point Buy Japan Yen (You earn)
6- And sell Canada dollar (You earn)

Other informations:
usually 4 money pairs goes importantly :

• Euro against US dollar,
• US dollar against Japanese yen,
• British pound against US dollar,
• US dollar against Swiss franc

Other important pairs are:  EUR/USD, USD/JPY, GBP/USD, and USD/CHF
What Forex compainies do:
You cannot see the changes in currencies so fast. because TV. News is slow. You will need fast news from trustworthy source. And you need a way to change your money priceless. Some exchange office takes extra percent to themself.
Forex companies also gives you opportunity to multiply your money with 20x to 400x. so you can earn more. but be careful you can lost money fast in this forex world.
Foreign exchange market (also called Forex to shorten the name) is the biggest market in the world. currencie market works 24-hours a day. Because world turns and some country goes night and other country goes noon at the same time.

(Source: http://www.whatisforex.org/)