Scalping secrets you need to know

As with any scalping trading strategy, there are secrets, this trading option is quite risky, so in addition to the pursuit of profit, one should not forget about risk reduction techniques.

Scalping secrets are essentially a set of measures that will help minimize the risk of losing your deposit, without limiting your earnings.

Moreover, these measures relate not only to the trading process itself, but also concern some organizational issues. Now let’s move on to the secrets themselves.

The right Broker is the number one secret.

Never immediately trade large amounts of money using scalping with an unverified broker; try to work with the minimum first, and then apply for withdrawal of profits.

If the money is transferred and there are no accusations of violating working conditions or trading at non-market quotes, only then proceed to full-fledged trading.

You can get acquainted with some proven companies in the article “ Brokers for scalping ”, but even if you open an account in one of them, first carry out the check described above, it’s not necessary every time.

Trading during a flat.

Most traders prefer to postpone trading if the market enters a flat state, and in vain it is at this moment that it is easiest to open short-term transactions by pipsing; the price usually makes the predicted number of points in one direction or the other.

The main thing is that the flat channel has a width of at least 10 points, then you can be guaranteed to make money.

If we consider the euro/dollar pair as an instrument with the smallest spread, then a flat on it most often occurs at night from 24:00 to 4:00 in the morning, not much inconvenient, but profitable.

Stop loss.

Another of the little used secrets of scalping, it is generally accepted that with this strategy it is quite difficult to set a stop loss, in fact the problem can be solved using forex scripts .

Some of them allow you to set the minimum stop loss size, which will be set automatically when opening a new order.

Trade in one click.

In order to catch the slightest price movement, you need to open a deal very quickly, this can be done using the one-click trading system .

The most important secret of scalping is practical trading, the more you trade, even in small volumes, the more profitable your trading becomes, do not get stuck on demo accounts.