An Ultimate Guide To 1-Minute Scalping Strategy
by Sarwar Jahan Akash technologyScalping is one of the
most well-established and popular trading methods in the forex trading world.
When most newbie forex dealers come to the industry, they are immediately
involved with the 1-minute
scalping strategy. It is a short-term project, and you can build your
money within a few minutes. The initial idea behind this scalping is to start a
massive number of trades that typically take either seconds or minutes.
However, the quick price movements are also impressive to watch. Now, we are
going to describe this mind-blowing strategy. So, without more intro, let's
dive into the main topic.
What Is the 1-Minute
Scalping Method?
There are a lot of
simple technical methods for trading published out there. Forex 1-minute
scalping strategy is one of them. The process is wholly combined with starting
a particular position, winning a few pips, and then ending the position.
However, one of the significant parts of forex scalping is quantity. For this
reason, it is usual for traders to set more than hundreds of trades per day.
This facile scalping
method requires EMAs 50 and 100. It also needs stochastic 5,3,3. The stochastic
displays you when the trade is overbought or oversold. When you are trading,
you need to regard all the sections like instruments, time frames, indicators,
and trading sessions.
- You need to take any currency
pair as instruments.
- The time frame will be 1
minute.
- The indicators are stochastic
5,3,3, and 50 EMA, 100 EMA.
- Preferred sessions are in
London, New York.
When you use this
scalping method with any currency pair, it could be easier to use. Moreover, it
is available with the major currency pairs since they have the shortest
spreads. Besides that, this way may be more effective during the high
volatility hours, when the New York session is ending, and the London session
is starting.
Advantages
A Forex 1-minute
scalping strategy can be helpful for your successful trading style. Now, let's
have a look at the advantages of this scalping.
- This strategy provides a short
market that reduces the possibility of any unfavorable events.
- Comparatively, small moves are
easier to gain. That means an enormous imbalance between supply and demand
is required to ensure more extensive price changes.
- An experienced forex scalper
can receive advantages from many small movements, even when trades are
relatively calm.
- The main idea behind this
scalping is that shorter movements happen much more repeatedly than larger
ones.
Disadvantages
The Forex 1-minute
scalping strategy has some disadvantages too. Now let's see the disadvantages
as well.
- A vast saving is needed.
- This scalping strategy needs
quick reflexes, good inducement, and mathematical abilities.
- It can be troublesome for
scalping and keeping up a reasonable risk and reward ratio.
- Forex 1-minute scalping
strategy is time destroying and can bring about tension.
The most thrilling
moment of just making money within a few minutes in the forex 1-minute
scalping strategy is just so exciting. Every minute seems breathtaking,
and the calculation of profit and loss can change at any time. But your
excitement can turn into fades due to your losing money. So, you need to be an
experienced scalper to go with this short-term scalping technique.
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Created on May 6th 2021 03:35. Viewed 283 times.