Hi there, In order to make things easier for you, you should try to stick to the six major pairs. These are EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD and USD/CAD. Out of these six pairs, the EUR/USD offers much better spreads than the others. Thanks.
Hey forexbobbyc. I have been exploring a few. I try to use pivot lines, determine channel lines, and I support myself with MACD, parabolic SAR, and a few moving averages. I find that many times my predictions are correct, however I get stopped out before I can enjoy the profits. I think that perhaps I am trading too many contracts. I buy and sell usually $50,000, but my stop loss is set up to a -$30 at most. Perhaps if I switch to smaller lots I would be able to have some more room for the trade. I would appreciate if you would share any thoughts or perhaps any trading strategies that you found to be useful for scalping.