PIP PADDING

الأربعاء، 24 مارس 2010

PIP PADDING
In my previous eBook "Forex Surfing" I extensively discussed the importance
of adding pips to entry orders (in the section titled "Broker's Pip Spread"). In
some respects you won't need to worry about this for most scalping purposes,
but it is still important to be aware of especially if you'll be using entry
orders. In this eBook I won't be discussing this topic at all, but I strongly urge
you to reread that section from within "Forex Surfing".
OVERVIEW OF THE TECHNIQUES
Here is a general overview of what scalping is like. I'll talk in generalities
here but will certainly go into specifics later in this eBook. This section is just
to give you a taste for how a typical trade goes.
You watch your charts for specific market conditions to occur. Once you see
a potential opportunity you begin to watch your charts very closely for the
right moment to act. Once the desired circumstance occurs you pounce to
enter a trade. Your trade is entered with a stop set at 10 pips below your entry
price.

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