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Learn Forex: Short Term Momentum Scalping (Video)

By , Forex Trading Instructor
27 December 2012 03:00 GMT

Article Summary: This video will walk through the Finger-Trap Scalping Strategy, presented by James Stanley of DailyFX Education. This strategy is used for short-term momentum-based trading, in which trends may potentially extend for elongated periods of time.

In the video, James Stanley discusses:

Using Moving Averages to define trends

How to buy an up-trend ‘low,’ and sell a down-trend ‘high’

How to institute prudent risk management on a shorter time frame

The benefits of looking to ‘price swings’

Scaling-out as price moves in the trader’s favor

James Stanley walked through the strategy previously in the article, Short-Term Momentum Scalping in the Forex Market.

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--- Written by James Stanley

To contact James Stanley, please email JStanley@DailyFX.com. You can follow James on Twitter @JStanleyFX.

To join James Stanley’s distribution list, please click here.

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27 December 2012 03:00 GMT