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Scalping on Forex
Pipsing and scalping Forex is a strategy for intraday trading in the FOREX market that are used by Forex traders to maximize profits from the fluctuations of currency pairs throughout the trading day. When using these trading strategies, the majority of transactions closed within a few minutes. Naturally, the yield of each closed position is small, but the basic principle of scalping and Pipsing is to conclude as many deals, rather than finding a super-profitable deals.
Usually traders who use scalping Forex strategy, put about two hundred deals per trading day. Not every trade brings a profit to the trader, the main thing that the total value of the results of the daily trade remained positive. The profitability of scalping and Pipsing, successful traders set a stop-loss as close to the opening level of the position to minimize the damage in case if the schedule of quotations of the currency pair goes in the opposite direction expected.
It is well known that the Forex market is very much prone to external influence, making some courses can currency pairs throughout the trading day continue to fall and grow. Most profitable scalping in the Forex market reaches a trading currency pairs, price fluctuations which regular within a certain range. So, it is very popular is the scalping strategy on the hourly fluctuations – chances of getting high profits increase significantly, in comparison with the agreements closed in a few minutes.
Basic mistakes every beginner scalper Forex is the inability to correctly set the levels of stop losses and the emotional component in such a very active pace of Forex trading. In the first case, too much exposed to the level of stop loss may lead to loss even the slightest fluctuation of the exchange rate. In the second case, unnecessary worry and excessive anxiety when trading on a real account with a large number of transactions growing every unprofitable for the trader, a PIP.
Just remember that despite its apparent ease and a high yield, scalping Forex strategy require constant participation of the trader in the trading process, and also occurs almost every minute of stressful situations that can undermine the advantages of these types of trading.
|Category: Forex | Added by: (29.10.2017)