Forex Scalping System That Uses MACD And Stochastic Given FREE By A PRO Trader!

Online, January 3, 2013 (Newswire.com) - This forex scalping system uses MACD and Stochastic oscillators for making the entry and exit decisions and is being given free by a pro trader Ahmad. Ahmad has been trading with this forex scalping system for a number of years now and has over the years perfected it. According to Ahmad, though most pro traders scalp on the M1 and M15 timeframes, he prefers the M15 timeframe.

There a number of advantages for using M15 as the main timeframe for scalping. The foremost advantage is that there is a lot less noise on the M15 timeframe as compared to the M1 and M5 timeframe. What this practically means is that you will get a lot less false signals on M15 timeframe as compared to the lower M5 and M1 timeframes.

This is what Ahmad says about scalping on the M15 timeframe: "When you are trading on the lower 5 minute and 1 minute charts, price action moves very fast and you have to be attentive all the time. However, when you trade on the 15 minute timeframe, you get more time to do your analysis and make the right entry and exit decisions. Plus the potential of making pips on the 15 minute chart is much more as compared to the 5 minute and the 1 minute charts."

Many traders sell their forex scalping systems for hundreds of dollars. There are traders who are even charging more than $1,000 to disclose their forex scalping systems. However, Ahmad is giving away his scalping system free. He thinks that this is the best way to help the new and the struggling traders. Ahmad has written a blog post in which he explains his forex scalping system in detail using a number of live trading examples. You can visit his forex scalping blog and read the post. He has explained everything about his forex scalping system there!