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October 14, 2020
The most famous trading strategy is the scalping method. Traders seem hypnotized by the term, so this scalping strategy suddenly becomes a forex strategy that is on the rise. The word
scalping even occupies the largest number of keyword searches based on Google data.
This shows that scalping is a technique that is quite intriguing for traders, at least in Indonesia. Traders who use the scalping method are called scalpers. By now, everyone might have
thought of becoming a professional scalper.
There is something you need to know that, although a scalping strategy looks like an easy way to make small profits in a matter of minutes, the fact is it's not that easy. Scalping is
known for providing quick results, but only if you can make the right decisions.
As a scalper, you need to make decisions fast. Scalping is like a computer game that relies on the speed of the eyes and hands. Take a car racing game, for example, where you have to
be able to make critical decisions in no time.
It looks fun at first, but your money is at stake. Even so, scalping may be one of the forex strategies you need to know too, or at least you know how it works. Of course, this is also to
add to your insight before you try it.
In forex trading, scalping is a trading strategy in which the trader tries to 'pick up' small profits in a row. A trader will enter and exit the market several times a day trying to make a
profit among volatile market movements.
Scalpers will usually react quickly when there is a release of economic data or other news that has a big impact on market movements. Even though it looks similar to
day trading, it's actually not the same.
In day trading, a trader will only open a position once or twice and the position will be closed before the trading day ends. Day trader will never let their position overnight. It’s kind of
adventurous trading strategy.
Meanwhile, a scalper can open and close more positions and only aim for small profits every time he opens a position. If day traders use the 15 minutes to 1 hour chart, the scalper uses
the 1 minute chart.
Day traders usually target a profit of up to $500 each time they open a position, while scalpers usually only target $10 per transaction. If he makes 10 profitable trades, he will be able
to book a profit about $75 per day.
Of course, that amount could only be earned if all the transactions he made ended up being profitable. Sometimes a single transaction that loses money can wipe out the profits from
the previous nine transactions.
Scalping is a strategy that requires very high consistency and concentration. You have to be ready in front of the computer to monitor market activity and react to lightning-fast to every
opportunity. You have to be able to sit for hours in front of the monitor.
In scalping trading, you must be able to make decisions in a short time. If your attention is distracted for just a moment, then you will miss the opportunity, or you will suffer a painful
loss. Salmamarket forex broker can help you learn fast.
So as a scalper, you must be able to quickly get out of the market as quickly as you enter using a variety of forex trading methods. For that, you absolutely need a reliable internet
connection. You also have to deal with higher stress levels than day trading.
If you are the kind of person with an overwhelmed emotion for forex trading, you must be careful in choosing scalping as your method. Note to remember, scalping trading strategy is
not for those who are easily hit by emotions.
In fact, a day trader shouldn't be emotional when trading, let alone a scalper. Safest, try it first on a demo account which you can get here. The best forex broker, like Salmamarket,
definitely provide this service.
Recently, scalping has become a popular forex strategy, especially among novice traders because they want to get profit from forex trading every day. They don't want to leave their
positions open for hours, days, let alone weeks.
They don't want to place stop-losses because they don't want to lose their money. There is a fear that they will lose their money the next day if they leave their positions overnight. But
actually, no forex strategy guarantees profits every time.
The best forex strategies can only benefit you over the long term, not instantaneously. That, too, must be accompanied by sound capital management and steady risk anticipation
measures. But the best trading strategy only will guide you to the right places.
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