Forex Trading Strategy: Scalping
Forex Trading Strategy: Scalping

Forex Trading Strategy: Scalping

Like we already know, Forex is the international currency market where one currency is bought and sold for the other. This is one of the biggest markets in the world, and there are a lot of people who want to succeed in forex. Every trader, sooner or later wants to know how to trade steadily and successfully in the currency market.

Currently, there are hundreds and thousands of strategies that can be used; however, every currency trader realizes that there is no one universal trading strategy. Developing a forex trading strategy is very difficult; it requires great trading experience. But still, there are some basic strategies of Forex, and we will discuss one of them.

Scalping

Scalping is one of the most controversial trading strategies in the currency market. Some traders consider it a guarantee of success, while others consider it to be a waste of money.

The essence of scalping is in the following. A trader opens a position in the forex market, waits for a few seconds or minutes, gains several pips (hence the name of the strategy) and then closes the position. Capturing small price swings, for example, within an hour, you can dramatically improve the profitability of short-term transactions in the Forex market. The trader can make such transactions many several hundred times during a day.

However, scalping is not popular among professional traders. You may manage to gain a reasonable sum, but sooner or later, you fail to receive a constant income over long periods of time.

One of the difficulties of scalping is a great tension with trading. The thing is that scalping requires a permanent presence of the trader in the Forex market, with stressful situations repeatedly occurring throughout the day, which reduces the number of rational decision-making while trading.

Another difficulty concerns brokers. Typically, brokers do not like those traders who commit many operations. Therefore, during the day, Brokers restrict the trader’s number of applications, and in addition, traders who often give too many orders are asked to close their accounts.

So, think twice before choosing a Forex trading strategy.

Recent Comments

Write a Comment

Related Bonus

Win Free Gives Away 100,000 USD to Trade
Win Free Gives Away 100,000 USD to Trade
06 October 2022 10:05 AM
VT Markets Bags 4 Awards From World Busi
VT Markets Bags 4 Awards From World Busi
06 October 2022 06:54 AM
HFM 30 Dollar New No Deposit Bonus
HFM 30 Dollar New No Deposit Bonus
05 October 2022 08:27 PM
ZES Forex 100% First Deposit Welcome Bon
ZES Forex 100% First Deposit Welcome Bon
05 October 2022 12:54 AM
Squared Financial $30 No Deposit Trading
Squared Financial $30 No Deposit Trading
04 October 2022 03:38 PM
HF Markets $35 Forex No Deposit Bonus
HF Markets $35 Forex No Deposit Bonus
03 October 2022 10:06 PM
JustForex 120% Free Welcome Bonus
JustForex 120% Free Welcome Bonus
03 October 2022 02:38 PM
JustMarkets 120% forex bonus on your dep
JustMarkets 120% forex bonus on your dep
03 October 2022 12:39 PM
HotForex Monthly Demo Contest Program
HotForex Monthly Demo Contest Program
02 October 2022 02:58 PM
The HFM Gadget Giveaway and Traders Awar
The HFM Gadget Giveaway and Traders Awar
02 October 2022 02:15 PM
Awex 50 USD Forex No Deposit Bonus
Awex 50 USD Forex No Deposit Bonus
02 October 2022 04:55 AM

Forex Featured Brokers

OctaFX

Free Trading Signals, Broker Type : STP/ECN Leverage up to 1:1000, 50% Deposit Bonus

Start Trading View Profile »
FXChoice

65% Crypto Bonus, Min: Deposit: 100 USD, Broker Type: STP/NDD, 50% Welcome Bonus

Start Trading View Profile »
HF Markets

Minimum Deposit $5, Leverage up to 1:1000 Broker: STP/ECN/NDD, 100% Trading Bonus

Start Trading View Profile »
INFINOX

Minimum Deposit $100, Leverage up to 1:1000, Broker Type: ECN/STP, Free Trading Signals

Start Trading View Profile »
FXTRADING.com

50% Trading Bonus, Broker Type: STP/ECN, Leverage up to 1:500, $600 Welcome Bonus

Start Trading View Profile »
ATFX

Leverage up to 1:400, Minimum Deposit $100, Broker Type: NDD, 50% Deposit Bonus

Start Trading View Profile »
HFM 30 Dollar New No Deposit Bonus
06 October 2022 12:41 PM
HF Markets $35 Forex No Deposit Bonus
06 October 2022 01:19 PM
JustForex 120% Free Welcome Bonus
06 October 2022 01:20 PM
HotForex Monthly Demo Contest Program
06 October 2022 01:06 PM
Awex 50 USD Forex No Deposit Bonus
06 October 2022 01:19 PM
Weekly Forex Forecast 3 - 7 October 2022
06 October 2022 12:14 PM
NordFX Super Lottery, 100,000 Fund
06 October 2022 12:15 PM


moneta_footer.png
Best MT4 Broker
with lowest cost
Exclusive Access to
PRO Trader Tools
Free Trading
Signals
25% Rescue
Bonus New
Zero Swap Fees
on Gold