Some, poetically configured traders compare scalping in the Forex market as a strategy of playing a fountain into which they throw small coins and collect them from the bottom. However, the bottom of this fountain is very slippery and you can lose all the money. This strategy allows you to get some kind of income on the Forex currency exchanger from the extract of short trading transactions, sometimes they last only a couple of minutes.
Forex market scalping
That is, players using Forex market scalping are trying to get their income by spending as much small transactions as possible per unit time, and this differs from large traders who work with large amounts and waiting for a long time in their operations. The main skill in the scalping strategy is the ability to quickly close the deal by preserving a small loss, without waiting for the loss of your deposit.
There are several main approaches in the game for Forex for this strategy. This is a trend game, a game against trend and trade over time. So, consider trading in time. This method involves the expectation of a breakdown, entering the game several points below the minimum point or higher than the maximum. The position can be closed when there is at least one income point. An interesting method is the expectation of 10 hours in New York. This time is usually marked by an attempt to change the trend in the other direction. For example, if the position near the intra day of the smallest value, then it is necessary to open a long warrant, if the smallest value is the smallest value, then a short order.
In the game against the direction of the trend, it is necessary to explore the graphs in order to find missed bear and bullish candles. The strategy is called “Collection of Copecks”. They go out most often having an income at least one point, transactions make transactions within an hour after the start and an hour before the end of trade.
Trend game. Most often, scalping in the Forex market in this strategy uses a method – anti -anti -typical deviations. Deviations suggest the need to open a position only with strong market kickbacks. That is, if the trend goes up, then we make purchases when rolling down, if the trend goes down, then we make sales at the upper kickbacks. According to experts, the “Japanese candles” chart with a ten -minute interval is very convenient to use this technique. The exit from the warrant is recommended to be performed with an income of two pips. Method – anti -antenatal parameter and five -minute Japanese candles in a compartment with a sliding middle line. If the stochastic indicator crosses the average when moving up, you need to buy, if you sell down. The closure of the warrant is made with 2 pypsum income.