Can you profitably scalp the forex?

Discussion in 'Forex' started by drukes1234, Apr 29, 2006.

  1. Let's say you're scalping for 10-20 pips -- can you consistently be profitable even with the spread that every forex pair has?

  2. yes. that is pretty much the only way i trade forex, although i will usually scale out (iow, sell part at 7-8 pips, then move stop to entry and let part of it ride.)

    forex is a very technical market. imo, one key to forex (Although, frankly applicable to most markets) is just waiting for the right trade setup to setup, and using confluence.