
I want to talk about scalping, I'm guessing all forex trader or most forex trader understand the term scalping. In case you don't know, according to Investopedia - ( Scalping is a trading strategy in which traders profit off small price changes for a stock. Scalping relies on technical analysis, such as candlestick charts and MACD, for execution ).
Scalping Trading may look like an easy way to make money, but when scalping you have both losses and profits. When Losses are more than Profits, then it's a problem. It simply means you're not doing it right. Today I will share 8 tips on how to reduce losses or even prevent losses.
TABLE OF CONTENT
- Brief Introduction and definition of Scalping
- 8 tips on how to reduce losses or even prevent losses
- 1. Minimize the use of indicators,
- 2. Do not marry a trading position.
- 3. Avoid over-trading.
- 4. Do not neglect Risk Management.
- 5. Have clear Entries and Exits.
- 6. Having the right scalping personality.
- 7. Keep an eye on financial announcements.
- 8. Control the number of simultaneous trades.