Basic Concept About Scalping Quick Trading Method in Forex Currency Market ~ forex trading courses online free
Scalping is good Method in Volatile Market
There has many methods of trading in currency market. Scalping is one of the most favorite method out of them. Scalping mean Quick Trading . Scalping is a method where traders allow their position to last only for few minutes even few seconds. Good and experienced trader like this method very much . Because they rarely hold their positions for long time. The main purpose of scalping system is to making small profits in a quick open-close trading mode.Volatile market is a perfect situation for scalping. Because in volatile market currency pairs or stocks rounding in a small range , it may 10 pips or 15 pips or little more. In this situation scalping method really fruitful . because traders may collect small profits every time without taking any risk.
Remember, it is also a dangerous way to trade if one does not know how to control risk. There has two type of traders- aggressive and conservatives. Aggressive traders choose EURJPY , GBPJPY, EURUSD etc for scalping because there has good movement always. On the other hand Conservative traders choose EURGBP, USDJPY etc for scalping method.
The main problem of this trading methods is STOP LOSS is very much larger than the profits target. As example if traders want to get 5 PIPS target they usually put 15 or 20 PIPS stop loss .
Suggestion:- TRY SCALPING METHOD IN A DEMO ACCOUNT first , then use it in real account. Have a good luck .
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