Forex Advice for all that are trying to scalp forex

For all that trying scalping on 1min-5min. i give you my 2cent advice.

1. dont bother with indicator, oscillators.
2. dont waste time on FOREX.(big spread never can give you pure scalping opportunities)
3. dont waste time using all kind of system that are commercial or not.

Move on to the market that give you real volume (use level 2 data for order-flow)
For example some
- Futures market: trading Emini S&P500)
- Interest rate market: US Treasuries (TBONDs) or european variations of treasuries bonds on EUREX like "FGBL,FGBM,FGBS" (best for scalping imho treasuries and eurex bonds)


-then just observe pure DOM(Depth of market aka Ladder)
-observe how real volume are traded on bid/offer

(btw: then you will realized why charts are useless and indicators lagging and why you not making money using it, and why you are always on the other side and why
these smart money buying from you while you selling )

I have tried many systems methods strategies..etc
and I wish if I knew this before and started focus on what matters and not what is just pure bullshit that not make any sence.

TIPS: search on youtube for "DOM Scalping" possibly for "orderflow"
TIPS: be aware of some stupid softwares for orderflow like marketdelta some Addons for ninjatrader etc they are not needed all you need is just DOM or some variations of DOM.

hopefully this will focus you on right path on your trading journey.

ps: sorry for my english.

Source.