I hope you’ve had a chance to download the 60:30:10 report which I posted about yesterday because I believe that it explains a vital principle of the Forex market which every trader must know about.
In addition to the report, Jason Fielder, the expert trader also gives out some scalping resources: both video trade examples and written reports. One of the main pieces of information that I gleaned from these resources (and you can get them all for Free here) is the best time for Forex scalping.
Since scalping involves very small movements in the market, knowing when to trade can mean the difference between profit and loss. The best time to do scalping is when the market is moving in a narrow price range in sort of choppy movement. You need to find when this is most likely to occur.
Basically, there are 2 periods of time in which scalping has the highest earning potential:
1. Between 3PM and 7PM EST – This is the time when most US banks are not trading heavily in the market and the Asian banks have not yet opened. The trading volume during those hours is very low and so the market is much less volatile, an excellent time for scalpers to take quick hit profit out of the market.
2. 12–15 hours before a major news announcement like interest rates announcement or any other expected news is also a time in which the market tends to be less volatile. Basically, everybody is waiting to hear the news and are waiting to see how it will affect the market, so you can expect low volatility as well.
Click here for more scalping tips and videos
This is just one of the tips which Jason Fielder includes in this Free set of reports and trading videos. I highly recommend that you get going and download these before they’re taken down or they begin charging money for them:
