Scalping is the entry point for a successful strategy
The scalping strategy is one of the most controversial in Forex; most traders simply do not understand how to find an entry point on M1 or M5.
On such short trends, it is quite difficult to understand the direction of the trend and catch the beginning of its formation, but scalping is not always based on trend trading.
Scalping and pipsing is partly based on intuition, and partly on patterns of trend movement that can be identified over short time periods.
How to determine the entry point when trading scalping?
The main rule of pipsing and scalping is not to open trades at random, try to build at least a semblance of a trading system, only in this case you will be able to make money using these risky strategies.
• Price channel - it can be built not only on D1, but even on M1; of course, a trend does not always allow you to build a successful price channel, but it is not at all necessary to stop at one currency pair.
You can always choose an instrument for which the price will form the correct price channel, even on M1. • Use indicators for scalping - some of them show themselves quite well even on short time periods; it is clear that before using them in real life, you must first experiment on demo accounts.
• We catch the impulse - very often the price moves with an enviable pattern, you can try to catch this movement, it is best for these purposes to use a cent account with the same broker.
We open a minimum trade and begin to observe the financial result; usually in such cases the price moves a few points towards the trend, then makes a small pullback.
In this case, you can take only a couple of points, so this tactic is more suitable for pipsing. Each trader has his own entry points when trading scalping, I have given those that I used at one time in my trading to accelerate my deposit.
Also, one of the options for an entry point when scalping can be a signal sent by a scalping advisor; using such an advisor for independent trading is quite risky, but installing a light on the demo and then copying its signals is quite possible. As a result, the trading process will become more secure and controlled.