Important tips about the Scalping Dashboard
1 Chose the currency strong against the weak. The currency Driving the Market will have -5 or +5 to be considered as a Driver. Check the previous resets to confirm the power of the currency you are going to trade.
2 The Scalping Dashboard will reset hourly. On the Asian market will reset at 5, 6, 7, 8, 9, 10, 11,12 pm and 1, am NY time. On the Euro Market will reset at 3, 4, 5, 6, 7, 8, 9, 10, 11 am NY time.
3 Always use stop loss. Check our Money Management
4 We are using HEIKEN ASHI candles to determine a trend. To enter a trade the time frame you chose as a trend must have the same color as your trigger. Ex: H4 is your trend RED, and the trigger is 5m or 15m same color RED.
5 Be careful with the Asian Market at 5 pm, sometimes the spreads jump 30 pips. Check the spreads before entering a trade.
6 Check the news for the session you are going to trade, paying attention to upcoming news is as important as everything else discussed here.
7 Watch the VIDEOS to understand how the Scalping Dashboard works.
-How to use the Dashboard to enter a trade VIDEO
-Before enter a trade check the Dashboard clock. The cock show EST time. If the time is stuck reset your browser.
-Dowload a Best Times to Trade the Forex Market do get familiar to differnt time zones.
Risk Warning: Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, or using our software, you should carefully consider your investment objectives, level of experience and risk. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. The leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call, your position will be liquidated and you will be responsible for any resulting losses.