Scalping is the fastest way to make money in the stock market. There are no other methods that can increase the capital of a trader more effectively. To explain how this is so, the Germany based Heikin Ashi Trader tells all in this e-book, the first of a four-part series on scalping.
His method is very easy to understand and can be applied immediately because it is universal and works in all markets. To scalp, the Heikin Ashi Trader uses heikin ashi charts, which are a type of ancient Japanese chart that vividly depict the course of stock market prices. Heikin Ashi charts have the ability to visualize trends more clearly than the usual candlestick charts. In addition, they also show consolidation and reversal patterns earlier than any other chart representation.
This highly effective scalping strategy can be applied in very short time frame, as in the 1-minute chart as well as on higher time frames. You can trade with this universal method in equity indices and in the currency markets, but the most common instruments are futures or forex pairs.
1. Welcome to scalping. It’s fun! 2. How do markets function? 3. What is trading? 4. What is scalping? 5. The Heikin Ashi chart 6. The scalping setup 7. Risk and Money Management 8. Make a decision!
This is the second book by this author that I read. I am not likely to try scalping, but it was a fun read. The method is very simple, and of course there is no guarantee of a quick buck, but I think it is workable. The key is the selection of the market and position sizing.
Honestly, nothing personal here, BUT this book (at least this part of the book, part 1) has no value whatsoever. It doesn't describe any specific method nor strategy. In other words, it doesn't give out any basis for scalping which one can build on top of.
A quick 25 page read. The booklet shows a simple scalping strategy for short time frames. The only indicator used are Heiken Ashi candles. The strength of the described method lies in its simplicity. Disciplined traders who follow the rules should be able to make profits.