If you want to try forex scalping or day trading, you have a lot of systems to choose from and they all claim to work but do they, of course not. Let's look at what you should look to avoid when buying a system...

First things first all trading systems show track records and before you believe its true, root around and look in the small print and you will probably find this little gem ticked away ..take a look.

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

So that track record is not quite as real as appeared!

Every forex day trading or scalping system that I have seen carries this disclaimer do,

So the answer is not none I have can see ant if you think about it short term trading within a day id doomed to failure.

Why

Because volatility is totally random within daily periods and logic tells you this - think about it:

Millions of traders all over the globe and deciding what the facts mean and their all individuals and you cannot tell what they are going to do in a short time span, You can try and be as clever as you like, but if you cant get the odds on your side you will lose.

This means numerous small losses and very few profits which come when you're lucky and the nature of forex scalping means you cut them early. So lots of losses, a few minor profits, a gradual erosion of equity, until you have nothing left - that's the reality of day trading.

Don't believe me?

Then try and find a real track record that has produced dollar bills you can spend, rather than paper profits and you are in for a search that will be fruitless.

If you want to win at forex and make big profits then base your forex trading strategy around trading the odds and look at longer term data. Forget, the easy, regular profits day trading says you can make and face facts:

You can win but you must trade the odds and you must look longer term.

Forex scalping should not be part of your forex education and long term trend following should. If you learn how to do it correctly you can make a lot of money or you can trade short term and lose the choice is yours.