What is Scalping in Forex & How do You Do It? πŸ€”

Forex Trading Scalping
What is scalping in forex and how do you do it? http://www.financial-spread-betting.com/forex/forex-trading.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! You may be familiar with scalping and you may have seen people trading directly on the exchange with bids and offers at the same time and scalping the difference. However scalping today is about speculating on short-term direction of that currency pair. We spot an opportunity and we’re in aggressively and we’re out very quickly whether we’re right or wrong. The overall theme is that you’re trading with a small edge and doing it consistently over time. The very best scalpers are going to be trading 10, 20, 30 or 50+ times a day and seeking small profits every time. What are the advantages/disadvantages of this trading style. The obvious drawback is the spread i.e. the cost to trade which is going to add up. But nowadays most brokers offer very tight spreads on major currency pairs so you can get away with it more. When volatility increases and the spread is tight, the spread cost becomes negligible. When volatility contracts the spread is still the same so the cost is more significant. Be warned. This is a hard way to trade; it is hard on your mind

Related Video
Scalping the Forex Markets: Trading Strategy πŸ‘Œ

Products You May Like

Articles You May Like

France is giving unilateralism a go
US Dollar Outlook: GBPUSD, USDJPY Price Action on Fed’s Powell
Bank of America says buy these two high-yield transport stocks as rates fall
Oil price rally takes a breather after Monday’s big gains
Facebook’s Libra reportedly losing support from early investors amid regulatory scrutiny

Leave a Reply

Your email address will not be published. Required fields are marked *