Today we look at one method that has already become a classic. You probably have heard the concept scalping on forex. What is that? Forex scalping –is a method that has been developed for short-term trading. Scalping involves making a profit only from transactions whose duration from a second to a few minutes.
“Scalping” was a name for traders who specialize in the commission of short-term transactions – scalpers. Scalping operation is the name for forex trading which is characterized for a short time, a small number of operations with a lot of bids. The basic idea of scalping perfectly characterizes the favorite saying of Julius Ceasar: “I came, I saw, I win.”
I must say that forex scalping can be called one of the newest technologies in a currency exchange field. Traders who are worked on scalping technology originally called amateurs. Time passed, and this trading system proved as useful in the short-term trading on the forex market.
Today scalping on forex is considered as an irreproachable use for beginners and venerable traders. By the way, I highly recommend downloading Buy/Sell Arrow Scalper. Using Karl Dittmann’s guide, you can start making money on forex in five minutes.
Each trader who is working on the forex market is developing a strategy that allows him to earn a profit. In order to properly develop a strategy for work, it is necessary to have knowledge and understanding of some aspects of currency trading.
What is so attractive in scalping on forex for beginners, maybe because the short-term deals bring little profit? The answer is simple: bringing a small profit in a successful transaction, if it fails, it will also bring a small loss. In addition, it is the most convenient way to trade when it comes to financial constraints. Adding up all this, and we have a good strategy for a beginner.
However, in order to work in the system of scalping, it is necessary to have certain personal characteristics such as attentiveness, ability to concentrate, a speed of reaction, “iron” nerves. All these qualities and even more than that should have a trader who works with scalping.
What is the piping? Piping on forex – is a kind of scalping, during which committed the super short-term transactions (up to a minute), usually with the smallest price targets. In fact, this strategy is very speculative earnings, during which the trader closes the deal as soon as it reaches the profit from several points (pips).
Piping on forex requires certain conditions for the operations, namely: the tool, which is involved in the transaction must have high liquidity and the average volatility, medium spread and commission which is low enough for successful operation. Piping on the forex market happens due to full visual control over all transactions, such work requires concentration, attention, and speed of reaction.
Carrying out a successful scalping on forex has its own rules: the spread should not exceed 3 – 4 points (pips), offer or bid must be large enough and the market should be calm enough without abrupt fluctuations of the currency, basic experience in the currency market is desired.
As in any business, scalping on the forex market has its limitations. These include the sharp, “nervous” market (the events that are preceded to it: the publication of economic news, unforeseen events affecting the exchange rate), the “sluggish” market (low volatility) over the weekend and closing session in the currency markets. But do not worry. After all, you can download Karl’s tool via the link at the bottom of the page right now. Thank you!
Buy/Sell Arrow Scalper by Karl Dittmann