Forex scalping is a type of trading strategy that allows you to make a small profit each time you enter a position. This technique is most effective during times of news releases and when trading from conversor de unidades de dinero resistance and support levels. Typically, scalping is done on the M1 time frame, which is one minute in exness forex auto trader app A one-minute candlestick is relatively small and can be profitable, but it can also be very tiring. In addition, the volatility on the M1 time frame can cause price noise, which can make trading with this style less profitable.
Scalping requires a certain level of skill and knowledge of the market. It can also be used as a supplementary strategy for traders with longer time frames, but its primary use is when the market is choppy and stuck in a narrow range. Shorter time frames are also beneficial for identifying exploitable trends. Traders often initiate positions on a longer time frame and then use scalping principles to find new trade setups in the shorter time frame.
As with any trading strategy, it is important to place a stop loss. This is especially important if you are a beginner. However, it will take time to set up a stop loss. In addition, scalp traders don t have a lot of time to worry about placing pending orders. This makes scalp trading a great option for people who don t have much time to study charts.
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