Forex Scalping – Extensive Guide on How to Scalp Forex PDF shows you the right way to make money by scalping in Forex. This is a intersting book you should spend your time to read.
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Introduction- Forex Scalping – Extensive Guide on How to Scalp Forex PDF
Let’s take a look at the contents of this article where forex scalping is discussed with all its details, advantages and disadvantages. Our suggestion is that you peruse all of this article and absorb all the information that can benefit you. But if you think that you’re already familiar with some of the material, to shorten your route, we present the
table of contents of this article.
1. How scalpers make money:
* Here we will take a look at the logic behind scalping, and we’ll discuss the best
conditions and necessary adjustments which must be made by a scalper for profitable
2. Choosing the right broker for scalping:
* Not every broker is accommodative to scalping. Sometimes this is the stated policy of
the firm, at other times the broker creates the conditions which make successful
scalping impossible. It is important that the novice scalper know what to look for in the
broker before opening his account, and here we’ll try to enlighten you on these
3. Best currencies for Scalping:
* There are currency pairs where scalping is easy and lucrative, and there are others
where we advise strongly against the use of this strategy. In this part we’ll discuss this
important subject in detail and give you usable hints for your trades.
4. Best times for Scalping:
* There is an ongoing debate about the best times for successful scalping in the forex
market. We’ll present the various opinions, and then offer our own conclusion.
5. Strategies in Scalping:
* Strategies in scalping need not differ substantially from other short-term methods.
On the other hand, there are particular price patterns and configurations where
scalping is more profitable. We’ll examine and study them in depth in this section.
a. Range Scalping: Some traders consider ranging markets better suited for
scalping strategies. Here we’ll examine why, and how to scalp under such conditions.
b. Breakout Scalping: We’ll examine news breakouts, and technical breakouts
separately and discuss suitable scalping strategies for both.
c. Trend Scalping: Here we’ll take a general look at forex scalping in trending
6. Trend Following while Scalping:
* Trends are volatile, and many scalpers choose to trade them like a trend follower,
while minimizing the trade lifetime in order to control market risk. In this part we’ll
examine the usage of Fibonacci extension levels for scalping trends.
7. Disadvantages and Criticism of Scalping:
* Scalping is not for everyone, and even seasoned scalpers and those committed to the
style would do well to keep in mind some of the dangers and disadvantages involved in
using the style blindly.
8. Conclusions on Scalping:
* In this final section we’ll combine the lessons and discussions of the previous
chapters, and reach at conclusions about who should use the forex scalping trading
style, and the best conditions under which it can be utilized.
Introduction to scalping:
Forex scalping is a popular method involving the quick opening and liquidation of positions. The term “quick” is imprecise, but it is generally meant to define a timeframe of about 3-5 minutes at most, while most scalpers will maintain their positions for as little as one minute.
The popularity of scalping is born of its perceived safety as a trading style. Many traders argue that since scalpers maintain their positions for a brief time period in comparison to regular traders, market exposure of a scalper is much shorter than that of a trend follower, or even a day trader, and consequently, the risk of large losses resulting from strong market moves is smaller. Indeed, it is possible to claim that the typical scalper cares only about the bid-ask spread, while concepts like trend, or range are not very significant to him. Although scalpers need ignore these market phenomena, they are under no obligation to trade them, because they concern themselves only with the brief periods of volatility created by them.
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