-“Micro Trading” the 1 minute Charts:

Now that you have opened a demo account and familiarized yourself with the VT
trading platform we would like to introduce you to the Forex trading technique of
'scalping' for small profits. If you only have a small amount of time to trade each
day, then this strategy might be the right one for you. Everyone will settle into
their own style of trading. This technique is for traders who like getting in and out
of trades in a matter of minutes instead of hours. Stock Index Futures traders
often use the 1minute charts to enter and exit trades. Forex day traders can also
gain an advantage by getting in on a move right as it happens by watching the 1
minute charts.

The type of chart set up that we use to trade the 1 minute charts is candlestick
charts. A great description of candlestick charts can be read about here:
http://www.forexgen.com/platform/charts.html
SET UP YOUR CHARTS:

1. Open a new EUR/USD 1 minute candlestick chart.
2. Add Bollinger Bands set at 18, Exponential. Change the color of the middle
band to bright green.
3. Add a moving average 3 Exponential, Close and change the color to black.
4. Add the MACD Histogram Study (default settings)
5. Add the Relative Strength Index Study set at 14.
6. Zoom in or out to your liking.

This is what your chart and studies should look like:


The Key to catching the “Micro Trends” on the 1 minute charts:
• Wait for the 3 EMA (black) to cross through the 18 Bollinger Bands Middle
line (green).
• Wait for the Relative Strength Index and MACD Histogram to line up:
Above 0 (MACD) and above 50 (RSI) for BUY signal. Below 0 (MACD) and
below 50 (RSI) for SELL signal.
• Remember to take small profits.
• Practice this strategy on your demo account

[Scalping Enabled Account]

Trade and scalp the market ForexGen has the pleasure to announce the availability of both Dealing Desk and No Dealing Desk Platforms. No Dealing option provide traders with direct access to the best bid/ask prices through multiple bank access. No re-quotes & No dealer confirmation is the main characteristic of the no dealing option made specifically for “scalpers” and active FX professionals. Absolute freedom to trade during news and economic events. The no dealing desk option allows traders to place entry orders inside the spread! Unlike competing FX firms, ForexGen offers traders all the advantage of a “no dealing desk” option.