The first “Becoming a Professional Day Trader” live webinar was officially delivered this Thursday. We actually had two live training sessions on Thursday; one at 3 PM EST and one at 8 PM. We were very happy with the outcome.

During the webinar, different day trading strategies were covered in full detail on the MetaTrader platform. It was super cool seeing all the indicators come to life on the MT4 canvas in full color.

As mentioned during the webinar, our main objective is to incubate successful day traders that want to either trade their own accounts successfully or become professional forex money managers. Part of our goal is also to create a network of day traders who communicate and share ideas and experiences on an ongoing basis.

I would personally like to thank all of the attendees of this day trading webinar.

The new FX day trading webinars are off to a great start.

The launch date was August 7th – when we had the free trading webinar, “Understanding the Forex Market;” the first webinar in the series. Since that time, we’ve had pretty good feedback from the attendees during the webinars; which have ranged from aspiring day traders to existing stock and futures traders interested in the forex market.

The most important webinar in the series (“Becoming a Professional Day Trader“) will be taught for the first time this Thursday, August 21st. In my opinion, this is the most important training webinar and one that anyone that’s serious about making day trading a career should take.

Our objective with this day trading training program is simply to create successful day traders. Furthermore, traders who rise above the ranks and are consistent in their trading and risk management ability will also have the opportunity to manage money for others. Therefore, this training program may also propel interested investors and traders into a money management or professional trading career.

See you at our next webinar!

To the average investor, scalping might sound a bit like gambling; but it isn’t by any means. Scalping severely reduces a type of risk that’s inherent in any investment: the risk of being in the market. When a trader has a position open, he is exposed to market risk. At any time, the price could move drastically against the trader as a result of the occurrence of an unforeseen market-moving event. The more leverage the day trader uses, the greater the move (or risk). Really talented scalpers, on the other hand, are in the market for a very short period of time – reducing their “holding risk.”

For the reasons stated above, I have become a greater fan of scalping over the years. That’s why I’m constantly trying to introduce talented scalpers into our talent (”Trade our Money”) program. The Day Trading Robot found on this site is also exclusively a scalping program.

Forex scalping involves the trading of currencies with the objective of obtaining small, quick profits from the market.

It is possible to scalp on an ECN-type platform that gives a day trader the ability to play market maker; i.e., allowing him to buy at the BID and sell at the ASK or make the spread. Even though one of our platforms of preference has this capability, I’m not too much of a fan of this style of trading. Since currency prices are erratic, by the time a trader’s BID is hit, the ASK or offer might have moved in the wrong direction against him (or vice versa). I prefer scalping when the price is also likely to go up immediately after buying or down immediately after selling. A scalper that employs this method will also try to exit the market quickly (characteristic of a scalp), but will try to make more than the spread (whenever possible) from the move in price. This type of forex scalping is frequently used by experienced traders during very volatile market environments, like after certain important news or economic releases.