Forex scalping strategy is one of Forex strategies that is quite popular today. Scalping strategy aims to take a profit as quickly as possible from the market. Small profit but often. Scalping used to take profit only in small pips. And then multiplied the lot number with money management system to make a bigger gains. Traders who trade this scalping strategy is known as scalpers.
Most of Forex traders wait for a long time to get a huge pips. But scalpers are different, they make small gains within a few minutes or seconds, they can open many positions on the same day. Scalpers think that batter close the position soon and take a small gains, rather than keeping the open position and wait the market fluctuations. That's way scalping strategy is categorized as short term trading.
Scalper needs a high concentration to make profit fast in the forex market. So this strategy can not be done busy hour.
Scalping strategy advantages
- only take small time and can be done in a few minutes
- not too worry to keep open position too long
- chasing small pips is more easy
Scalping strategy disadvantages
- Can be very stressful because they use big lot number
- It is not easy to trade consistent and frequent
- not all forex brokers let you to open and close the positions in the small pips and time. Because this system can impact for their business. For this you have to choose the right broker.
Summary
- Flexible and speed are the main factor to do this scalping strategy
- Make sure you can concentrate on your trading without any distractions.
conclusion:
- Make sure you have a good internet connection because you must trade fast.
- If you are a beginner trader, you should practice and try this strategy on demo account first.
- Try to find a good scalping trading system.
- Learn your broker's rules
- Have a good money management system to trader this strategy.
New Posts
Popular Posts
Pageviews last month
New Posts
ads space FOR RENT $25/month
contact Skype herman.lean
A pip A pip is the smallest unit of measure for any currency. In most currencies, this is the fifth digit, or the fourth after the decimal point; in dollars, each pip is equivalent to one-hundredth of a penny. One important exception is the Japanese Yen, in which each pip is the second unit after the decimal point, meaning each pip equals one cent.is the smallest unit of measure for any currency. In most currencies, this is the fifth digit, or the fourth after the decimal point; in dollars, each pip is equivalent to one-hundredth of a penny. One important exception is the Japanese Yen, in which each pip is the second unit after the decimal point, meaning each pip equals one cent.
ReplyDeleteforex broker
Honestly, there's no easy way to win forex with scalping strategy..
ReplyDeleteDear SentiasaPanas yes you right! all we can do is reduce risk and improve the reward ratio.
ReplyDelete