Define scalping strategies
It is the foreign exchange trading through which many small transactions can be made and then simple profits are achieved through them separately, and in general, scalping is considered within the forms of daily trading, and the forex market is the most traded, and traders bear the fluctuations that take place continuously in it. To obtain profits, which range from 100 to 200 points per transaction.
At the same time, many people are trying to squeeze all opportunities to get out of the small fluctuations in foreign exchange rates, and this means that benefiting from this market occurs only when small changes occur in foreign currencies, and what is distinguished is that it can It is carried out for a short time.
Among the methods that are relied upon during playing is the Scalping method, as it is a common method for all traders because this method can create infinite opportunities in one day, and while playing this game, the trader does not expect to get more than 10 Points in each trade As he does not lose more than 7 points, the world of forex has many different details that you must know to start trading.
Can forex scalping work?
It requires that a specific development strategy be developed alongside the technical indicators, and it will require you to get a currency pair, and this is done based on suitable trading conditions, and then it will show you a trading signal through which you can start trading, but if you notice a signal Exit, or you are done after making enough profits, in which case you can close the trade.
Is scalping strategy suitable for everyone?
Many people want to try this strategy and start implementing it, and it is determined if the game is suitable for you based on many factors, including the time that you will spend during trading,
because the forex market requires that a spot analysis be added in addition to a clarification of multiple orders, and based on It will require full-time work, then you will only have a few hours a day in which to scalp the currencies after they are provided and to be able to trade in the right way, it is in this case that it requires speed of thinking,
as it must You have to predict where the market will be very quickly, based on that, the profit that you will get will be determined, and after determining, you must start opening and closing the position within seconds.
Accordingly, it will be possible to achieve a lot of profits based on the financial leverage that is available to you, and the financial leverage can be the cause of many losses;
That is why if you are a newbie in trading it is better to make a demo procedure, in this case, you can use virtual currency and start working in a risk-free environment, and accordingly, you will ensure that there are no losses until you can move to a real account through which you can achieve Profits or losses, and this is one of the important steps that must be taken so that you can learn how to trade instead of having to add money and go to real trading, and in this case, you can suffer many losses in the beginning before you get used to the game.
When you start playing, you must realize that herd psychology is one of the most important parts of the game, and people who have experience in this field with that they can play without risks, by starting to play from a free demo account, but this is impossible for people with experience and after passing through a Long time in this game.
Among the examples of this is the great rise that occurred in some currencies and that was in the year 2000 this was evident through the occurrence of a clear rise in the Australian dollar and the Canadian dollar, and the matter reached 40% against the US dollar; For this reason,
both Australia and Canada are among the sources of commodities, and this was the reason for the currencies to flourish clearly and their currencies flourished when strong growth occurred in China, for this reason, many people who rely on trading are keen on long buying positions in the sterling dollar or The Canadian dollar when expanding rapidly.
NSFX'S TRADING CAPABILITY
NSFX provides the ability to trade currencies in different currency pairs, including the AUD CAD currency pair and other popular client pairs such as USD JPY or EUR USD, not only that but also the opportunity to trade in exotic currency pairs Accordingly, it will be possible to trade in many different pairs, including exotic currencies EUR CZK, NZD SGD currencies, GBP PLN currencies, and many different pairs.
Besides, the investors must have an interest in forex scalping strategies and at the same time have the ability to accept losses, although the role of the trader is to work to achieve profits instead of losses, and at the same time it is necessary to know how to withdraw from the various trades in The time is right, instead of taking a toll.
Reasons for Scalping Strategies
There are many different types of strategies, including the Cycle strategy. As for scalping strategies, it has many reasons, which is that it is a way to make a lot of profits when trading, and this is done by trading many lanes and making simple profits in a short time.
The appropriate decisions are determined during trading based on recent trading analyses, as well as based on financial reports, as well as based on economic events, and it is distinguished that many trades can be made during one session,
which amount to 12 deals, and since the trading volume is basic, they will open many Transactions, and this is after obtaining some points through deals, and among the methods that can be relied upon in trading, whether it is manual or automated, and it requires sitting in front of the computer for a lot of time to monitor market movements.