Scalping - What Is Scalping in Forex Trading?
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Video key moments:
00:00 - Start
00:11 - What Is Scalping in Forex Trading
00:44 - what you should pay attention to
01:33 - How Much Can you Earn on Scalping?
ABOUT VIDEO:
Today we will consider WHAT IS SCALPING IN FOREX TRADING!
Market scalping, or high-frequency trading, It is a type of intraday trading system that uses the short-term opening of transactions with a target profit of several points.
The development of a TRADING SYSTEM is an individual matter. Do not expect that by taking a strategy from the internet, you will immediately find out the secret of SCALPING and start making millions. You can understand how this tactic works as well as develop a comfortable pace and method of trading only through your own hard-earned experience.
We will tell you WHAT YOU SHOULD PAY ATTENTION TO.
1) Volatility or the amplitude of price movement.
Since the trader’s task is to catch any strong short-term movements in both directions, the scalper will be primarily interested in tools with high volatility. That is, those with the highest average daily volatility, and those that are most sensitive to market news. Volatility calculators will help
you find such scalping tools.
2) Spread size.
The trading costs, or spreads, eat up most of the profits of scalpers. The more liquid the tool is, the higher the turnovers and trading volumes it has, the smaller the spread is.
3) Liquidity.
The speed of buying/selling an asset. The more traders are willing to make a transaction, the smaller the spread will be and the more attractive a liquid scalping tool is.
HOW MUCH CAN YOU EARN ON SCALPING?|
There is no exact answer. The amount of earnings depends solely on the number of transactions opened by the traders, their time in the market, and their performance. There is no upper limit.
A FEW TIPS FOR THOSE LOOKING TO GROW THEIR PROFITS:
• Hone your scalping strategies on a demo until they become second nature to you. Experiment with as many indicators as possible. Find a combination of tools that will perfectly match your trading style. REMEMBER: it’s not your profit that matters, but your psychological comfort.
Trading should be challenging but fun.
• Test and optimize your strategy.
• Be flexible.
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