Scalping Strategy — Forex Trading Guide 2021by MD Tanjib Forex Trading Author
Forex strategies are important while trading in forex. Without having a proper forex strategy, it becomes quite impossible to get the expected profit. That’s why traders are following multiple strategies to get consistent profits. But how could you find the right one?
Think about this for a moment —
I hope you got the answer. I am thinking about a scalping strategy. It’s the most popular forex trading strategy in the world.
The peculiarity of scalping is that a large number of transactions are executed within a day. At the same time, trading takes place in short time periods. As a rule, these are one to five-minute charts.
Of course, the profit must be greater than the spread. The main thing in scalping is not the amount of profit, but that it should be at all, at least some, large profit is gained only due to a significant number of transactions. However, you should have the forex trading platforms clean, because without a reliable platform you can’t get your expected profit.
OK, I know what you’re thinking!!!
Why taking scalping strategy at top priority?
So, here I am showing you some advantages of scalping strategy —
- You can make a profit on a daily basis if there are no out-of-the-ordinary failures, which in the markets of course are always absolute probable for every trader, even if it is a professional.
- There is no need to go into all the complexities of technical and fundamental analysis. That is, in this case, we are focused on practical trade, honing specific skills, developing experience.
- You can trade almost at any time, there is no need to wait for major trends, or, conversely, flat to play counter-trend strategies.
So, what’s the excuse?
I hope, you found anything. If you find anything that really found a big hazard for making trading with scalping strategy, please comment right now.
Created on Feb 19th 2021 06:08. Viewed 394 times.