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Secrets of scalping in Forex trading
The financial markets already exists a number of different methods of trading that all at once recall will not work. However, short-term transactions long ago won the "a place under the sun", having a number of advantages, that there is at least no need for deep and long term market analysis.
Secrets of scalping are certain conditions and rules, observing that, the trader greatly increases your chances of success. The approach usually requires complex and this means that the benefit will squeeze out all that is available.
Secrets scalping: broker factors
For a start I will list the main factors on which scalpers have to be considered in the course of trade:
• conditions of a brokerage company - it can forbid scalping, lay down conditions regarding the minimum size of the result of the operation and the minimum operation time positions (for example, the result is not less than 5 points and not less than 5 minutes);
• type (one of the secrets scalping is a quick trading account with precise execution);
• the size of the spread than the spread is less the better, obviously;
Good options for scalping:
• roboforex.ru
• aforex.ru
Ideally, the company through which we will trade, should not oppose scalping, be in the range of ECN accounts (or other similar quick account), not contain inconvenient for the trader limitations. A broker is a great candidate, with whom you will work.
The speed and accuracy of execution of orders of a trader depends very much in the short work on the market. Trading in the long term, speculators often don't even pay attention to such values as 1-5 points, but for a scalper this is very significant values which must not be missed just like that.
Secrets scalping: trading features
Short-term trading is very specific, so here, too, there are secrets, which should be mentioned. For starters, let me draw Your attention to two high-quality and free trading system, which are related to scalping:
• Strategy Pipsing
• Minute Forex strategy
They can be taken as a basis its work on the market. At the same time, several key points still need to take into account:
• if there is a signal at the conclusion of the transaction, and You hesitated, it is better to miss than to open a position at a less favorable price that has changed;
• it is advisable to discard all transactions that are directed against global market trends (how to define it are described in the strategies, mentioned above);
• for starters it is better to work only with one tool, that would not scatter the attention.
To make transactions against the trend, especially short-term, this is a dangerous maneuver, even secret scalping can not be called, because it is an obvious fact. If we talk about stop loss, his scalpers often do not have time to set, it is necessary to close the transaction on the market on what you can lose 1 to 3 points due to price slippage.
One way to avoid this problem, probably not, but you can try to put the stop loss just before the open position, or to use a trailing stop with a small value in points. Profit while scalping is usually fixed according to the market as soon as there are signs of changing trends.
One subtlety that often gets overlooked by traders who do not have experience in short-term trading - you can work with elevated lots, which would be too risky in the medium-term transactions. Why does a difference? Let me explain.
Imagine that, when medium-term trading I use stop loss 100 pips with a lot of 0.1. This means that if a transaction closes with a loss, we lose $100 (0.1 lot = $1 item). During the scalping of the foot, usually 10-20 PP., this means that when stop loss = 20 pips, you can use a lot of 0.5. If the transaction fails, we will lose all the same $100 (the spread in the calculation for simplicity, the example does not take in both cases).
As you can see, your secrets scalping is, however, as any trading method. It is important to make quick decisions, work through trusted company and on Deposit with instant execution. Short-term trade deal with the speculators in various financial markets, so this is a long proven method of trading.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 580
| Rating: 0.0/0 |
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