428: Intro To Scalping Course - Michael Toma

Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders

Intro To Scalping Course

In episode 428 of the Desire To Trade Podcast, we will be listening to the recording of the ultimate scalping intro course with expert trader Michael Toma. If you are serious about learning how to do scalping properly, this video is perfect for you! And it's FREE!

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode

• 00:00 Introduction
• 00:57 Is scalping right for you?
• 01:39 Why consider scalping?
• 04:06 What appeals to you as a trader?
• 04:20 Requirements specific to scalping
• 06:03 Higher business costs of scalping
• 07:16 Qualify to be a scalper
• 08:53 Risk management, discipline, and patience
• 09:42 Own a strategy with edge and the ability to produce that edge
• 10:33 Manage trade size like a pro
• 11:50 What the best of the best scalpers do
• 15:59 Know "E-V" & math-edge always wins over time
• 17:39 The realities of scalping
• 18:50 Effort is not equal to results
• 21:22 Scalping requires lots of mental focus
• 22:15 Journaling and reviews
• 22:58 Brokers love you
• 23:33 Prop firms love you too
• 24:36 So you wanna be a scalper?
• 25:51 Apply to be a scalper
• 26:34 95% trade compliance requirement
• 27:20 Focus on 1-2 products
• 28:45 Intense learning from performance
• and much more

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

Desire To Trade's Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• Recommended brokers:
  • EightCap (preferred Crypto and FX Broker)
  • AxiTrader (use our link to get a special bonus)
• Desire To TRADE Academy

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How To Find Michael Toma?

• www.DesireToTrade.com

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!