Webeltime.com – The best way to start trading scalping transactions, Scalping is one of several asset trading strategies. Scalping is a trading method that has a trading cycle that is even shorter than day trading.
Scalping traders are instructed to benefit on the smallest price swings in stocks, forex, or cryptocurrency. Scalping traders can do tens to hundreds of trades in a single day. To be successful in creating a profit, you must, of course, apply the best scalping technique guidelines.
Scalping traders are sometimes compared to brokers since they make a lot of tiny earnings that add up to significant winnings. Scalping tactics might also help you avoid huge losses.
The best way to start trading scalping transactions
The best way to start trading scalping transactions To begin trading, keep in mind that scalping largely relies on technical analysis such as candlestick charts and Moving Average Convergence Divergence (MACD).
In essence, understanding scalping tactics is difficult since there are so many new concepts to grasp. Fortunately, MoneyDuck will reveal scalping strategies that you need to master in a simple but comprehensive manner this time!
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Scalping is a forex trading method that takes advantage of minor price swings in the market. Traders that utilize this method will execute tens to hundreds of deals in a single day. Scalping is based on technical analysis, such as candlesticks and MACD.
Small scalping earnings may be compounded as long as the trader continually employs an exit market strategy to decrease losses and harvest rewards.
Scalping is a fast-paced activity that is best suited for quick traders. Scalpers believe that if a tiny profit objective is met, they will depart the market rather than waiting to see whether they can earn greater profits. They will also opt to quit the market once the goal loss level is reached, rather than waiting for the trend to reverse.
Open the trade’s initial Sell position
You are either immediately after the session where the previous bearish candlestick on m5 concluded, or you are just beginning the next candlestick session. Although the following candlestick will create a bullish candlestick, expect another bearish candlestick to follow the bullish candlestick.
Because the price is already in a bearish zone on time frames m5 to H4 and D1, which are both below the bollinger band’s middle band line.
So, friends, you shouldn’t be too concerned, because prices tend to continue to follow trends, market circumstances, or price positions on the H1, H4, and D1 time frames.
I opened three trades with various lots and profit objectives
In my scalping trading experience, this is the greatest and most lucrative approach and strategy, namely initiating three long positions with varied lots and profit objectives.
Perhaps it is still uncommon, or perhaps no one has taught this scalping approach and tactic. I discovered this scalping approach and strategy on my own, without studying or copying from others.
For me, and based on my practice, this may be a safe and effective scalping approach and strategy for swiftly doubling trading investment cash.
Friends can help you prove and compare the outcomes to other scalping tactics and strategies available. My reasoning for opening three positions with various lot sizes and profit targets.
Because the initial position has a higher lot value, the risk is higher, as is the profit value, which must be secured quickly if the profit objective is met.
The second position has a moderate lot value, a significant risk, a huge profit, and must be secured soon if the profit objective is met.
The third position, the lot value is lower, the risk is lower, and the profit is lower if it is closed early; otherwise, simply leave it open until it hits the most profitable profit objective.
If you are used to using this scalping approach or are skilled at doing technical analysis, you may multiply the transaction lot value for the three open trading positions by the same amount of money in the trading account, which is a minimum of $1,000.
Scalping Method Price correction is used to achieve high accuracy in the trading period m5 – m30
In the FX market, price corrections are regular. And scalper traders sometimes exploit this moment to generate profits ranging from 2 to 10 pips in m5 or 5 minute trading sessions. Even scalper traders profit from price corrections throughout each short-term trading period.
The time frames m1, m5, m15, and m30 are included in the short-term trading period. However, the short-term period, from m5 to m30, is best utilised since the profit level is relatively high. While the Bollinger Band is the strongest indicator for scalping trading, it is not the only one.
a. In the Buy position
The first purchase trade is formed with a lot value of 0.01 immediately after the fourth bearish candlestick crosses the lower Bollinger band line.
The second buy trade is opened with a lot size of 0.03 immediately after the 5th bearish candlestick crosses the bottom bollinger band line.
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And the third buy position with a lot size of 0.06 is opened immediately after the 6th bearish candlestick crosses the bottom band line of the bollinger band.
b. For Buy positions
The first sell trade is started with a lot value of 0.01 immediately after the fourth bullish candlestick crosses the top Bollinger band line.
The second sell trade is opened with a lot value of 0.03 immediately after the fifth bullish candlestick crosses the upper Bollinger band line.
And the third sell trade with a lot size of 0.06 is opened immediately after the 6th bullish candlestick crosses the upper band of the bollinger band.
