Some secrets of pipsing.

detailed descriptions of this type of trading

are quite rare in the literature First of all, it follows that when pipsing, profits and losses rarely exceed 10-15 points, and most often the trader is happy with 5 points of profit per trade.

It is difficult to apply analysis here; trading is based more on logic and intuition, but at the same time, we do not forget about the basic rules of money management and risk management.

Now let's move on to a more detailed review of pipsing recommendations. Keep in mind that all recommendations are given for four-digit quotes; for five-digit ones, we simply add 0.

• Leverage - the higher the better, scalpers typically use 1:500 leverage, which allows for a significant increase in trading volumes. However, this leverage is used with the expectation that the trade will be closed with just a couple of points of loss.

• Working without stops - in most cases, scalping is carried out without setting a stop loss, which leads to the deposit being drained during sharp price fluctuations.

The problem can be solved by using leverage and dividing the deposit.

For example, you close a trade with 5 points of loss or 10 points of profit. Trading $100 and a volume of 0.2 lots, you earn $20 from one trade or lose $10.

But, without a stop loss set or not triggered, the maximum loss can be $100.

Let's try using only $20 in trading, and trading with the same volume.

As a result, you can also close a deal with 5 points of loss, but in the case of a gap or just a sharp jump in the trend, you lose only $ 20. At the same time, you do not need to mess around with a stop loss and at the same time, the technical side of trading does not change at all.

This approach can be used with any deposit size, for example, having $ 500, keep 400 in a separate account, and trade only with 100.

• Flat - as a convenient time for opening transactions, the width of the flat channel usually does not exceed 10-15 points, which is quite enough for scalping.

Therefore, it is not necessary to be tied to one trading instrument, it is easier to find a currency pair with a small spread , which is currently flat.

• The system of opening transactions - the simplest option, trading on the move, first we open a minimum transaction and analyze how many points the trend makes forward, and how much it rolls back. Based on the data obtained, we build a profit and loss plan and open a full-fledged transaction.

• Rest is the number one secret: don't trade for more than an hour, even if almost all trades are closed with a profit. After an hour of trading, always take a 30-minute break.

And of course, the number one secret is to try to overcome your greed and don't increase your trading volume immeasurably at the expense of your profits. Withdraw your profits, creating a reserve fund and thereby giving yourself a chance to recover in the event of a failure.