Forex Trading Tips：
Forex scalping is a trading strategy dedicated to making profits from small price movements. Let’s talk about Forex trading skills : What is Forex scalping?
Forex scalping is often described as going in and out multiple times through daily ground rules to skim off tiny profit-style scum. Forex scalping is different from day trading, which establishes a position on a liquid trading object and closes it, while forex scalping never holds the position into the next trading cycle or overnight. Day traders may look at their positions once, twice, or several times a day, and scalpers are even more frenzied, trying to make tiny trading profits by trading multiple trades on the same object. Day traders may look at 5-minute charts and 30-minute charts, while forex scalpers often look at one-minute charts or even no charts at all. There are some forex scalpers who try to capture the fast-moving market changes through the release of some basic economic statistics such as the unemployment rate.
Personal Traits of Forex Scalping
Forex scalping is not for everyone, you should have some personal qualities to be a scalper. Forex scalpers usually like to sit in front of a computer for the entire trading session and get some kind of enjoyment from this very intense focus. When they’re scalping very small, like 5 points at a time, they have to keep their eyes peeled. Scalpers have to be responsive because they don’t have time to think, and they don’t have time to analyze. The ability to pull the trigger is very important to scalpers. This is especially true for cutting positions, as they have the potential to move even 2 or 3 points in the opposite direction.
How to learn to scalp
For scalpers, it is very important to have a reliable, stable and fast trading platform that connects the market. Usually each currency pair on the platform has a buy or sell button, and traders need to enter and exit at a certain point Press the appropriate button at the position, and in liquid markets, it is generally executed in less than a second. You can start and develop your trading strategy with a free Forex demo account , which will help you improve your trading skills in real trading.