Currency pairs for scalping.
The main feature of Forex trading is that every little thing is important, or rather,
there are no little things in trading.
For example, a correctly selected currency pair for scalping can significantly increase the profit received. The secret lies in the ratio of trading volumes, the large number of transactions concluded and the size of the spread.
For clarity, I’ll give you a small example: you are trading a currency pair with a spread of 2 points (or $20), you have $1,000 on your deposit, and the average transaction volume is 1 lot.
30 trades were opened during the day, resulting in a total trading volume of 30 lots, for which a commission of $600 was paid. Imagine that you have chosen a spread on Forex that is only 1 point per lot. even more
with pipsing It is for this reason that in short-term trading you should use currency pairs for scalping, that is, instruments with the lowest spread commission. In addition, you should take into account the most favorable trading time for each instrument.
Currency pairs and trading times suitable for scalping:
EURUSD is the most suitable currency pair for short-term trading, especially if it has a floating spread ; in some cases, its value can drop to 0.1-0.2 points.
Recommended time for trading is the Asian trading session. USDJPY – floating spread from 0.2 points, fixed from 1, the European trading session is suitable for trading.
USDCAD – the commission amount usually starts at 0.5 points, trading time is European or Asian sessions.
GBPUSD also generally has a low spread; it is easier to trade with scalping during the Asian session.
In addition, you can use instruments such as AUDUSD, EURGBP, EURCHF, USDCHF, or other options for which your broker has set a minimum commission.
We choose the trading time depending on the scalping strategy; when trading on the M15, you can trade on almost any of the sessions, and for pipsing it is better to exclude the possibility of sudden jumps, that is, use those forex trading sessions in which the release of news on your currency pair is practically impossible for scalping.