Scalping is a good method but was a little too involved for me. If I had more time I'd probably be more into it.
Pairs that exhibit decent momentum properties and have high daily volatility are good for scalping since you for breakouts, pullbacks and other similar market structures when price movement tend to accelerate and you aim to capture such movements. However you should be fast at pulling out of the trade because price can go in a wrong direction too and it can do it fast.Does anyone have a successful long term strategy with scalping? Which are the best pairs to trade?
What risk management techniques are essential for scalpers?Scalping is a trading style that includes opening and holding a situation for an exceptionally short measure of time, from a couple of moments to a couple of minutes all things considered. The thought is to open exchange and leave it when the market moves to support you – taking little however incessant benefits. Scalping is regularly viewed as a lot of speedier and progressively serious type of day trading. It expects traders to concentrate on markets that are amazingly fluid and are encountering solid trends.
Stop-Loss OrdersWhat risk management techniques are essential for scalpers?
Position size, leverage, stop loss based on hard rules or technical indicators like ATR (which account for volatility), pyramid orders, trailing stops, etc. Lots of themWhat risk management techniques are essential for scalpers?
good to limit potential losses on rapid trades.Stop-Loss Orders
Yes lots depends on how a trader handles pressure when for example a series of losses happens or a streak of gains. If a trader can accept it without any emotional reaction then I think he is perfectly suitable for scalping.Scalping isn’t for everyone, but if you’re cool under pressure, it can be a great way to make some quick profits.
Absolutely, managing emotions is key! Have you found any techniques particularly effective for keeping cool while scalping?Yes lots depends on how a trader handles pressure when for example a series of losses happens or a streak of gains. If a trader can accept it without any emotional reaction then I think he is perfectly suitable for scalping.
Yeah, one effective solution was to create clear entry-exit rules and code them into an algo bot. You don't need to stare at monitor and also the risk of a trade error due to fatigue is completely eliminated.Absolutely, managing emotions is key! Have you found any techniques particularly effective for keeping cool while scalping?