News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/H9fW9ewiQd
  • Get your snapshot update of the of market open and closing times for each major trading hub around the globe here: https://t.co/BgZLFljIhZ https://t.co/yLt0ldtMsV
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here: https://t.co/BnA07cMV0s https://t.co/ZwwuTzTeac
  • What's the difference between leading and lagging indicators? Find out from here: https://t.co/vGx8HCagF5 https://t.co/4DGXwA8vqs
  • Struggling to define key levels? Floor-Trader Pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets, while effectively managing risk. Learn how to use this indicator here: https://t.co/Ye4m1FMKUW https://t.co/mAMhWbV6Jy
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here.https://t.co/pb5E2KgRzW #DailyFXGuides https://t.co/E9ZmJvqO0z
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/fqxw1AoKc1
  • Gold snapped a two-week losing streak but keeps price within the broader August downtrend. These are the levels that matter on the $XAUUSD weekly chart. Get your market update from @MBForex here: https://t.co/B3Jct6mIBD https://t.co/xTGIM2hRBv
  • $GBPUSD continues to move higher, despite Friday’s weakness, as vaccination hopes continue to fuel positive sentiment despite ongoing lockdown fears and downbeat UK data. Get your market update from @nickcawley1 here: https://t.co/S8UoHzOwFN https://t.co/qI6UZdggvM
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfJhp91 https://t.co/6wxX6oQurn
Learn Forex:  Short Term Momentum Scalping (Video)

Learn Forex: Short Term Momentum Scalping (Video)

James Stanley, Strategist

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.

Would you like access to more videos like the one above to assist you in developing a step-by-step approach to trade different currencies? Would you like to make more informed decision based on our most in depth and up to date research?

You can learn these things and more with DailyFX Plus. DailyFX Plus is our premium Forex news and analysis site complete with trading signals, live instructor help and up to date chart analysis for day traders.

To gain temporary access, come on Live Chat and ask a representative for temporary access or click here to register for a free trial log in so that you can test drive our best offering and experience what is available to our live clients.

--- 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.

Would you like a customized curriculum to walk you through Trading Education? Take our Trader IQ quiz and receive a full lesson plan with numerous free resources to expand your information arsenal.

Take the Trader IQ Quiz Now!

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES