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 trade large amounts of scalping with an unverified broker. Try working with a minimum amount first, and then submit a withdrawal request.
Only if the funds are transferred and there are no accusations of violating the terms of service or trading at non-market prices should you proceed to full-fledged trading.
You can learn about some trusted companies in the article " Brokers for Scalping, " but even after opening an account with one, first conduct the checks described above; every time, it's different.
Trading during a flat market.
Most traders prefer to postpone trading when the market is flat. This is precisely the moment when it's easiest to open short-term trades using scalping; the price usually moves the predicted number of points in one direction or the other.
The key is for the flat channel to be at least 10 points wide, as this guarantees profits.
If we consider the EUR/USD pair as the instrument with the smallest spread, then flat trading most often occurs at night from midnight to 4:00 a.m. This is not very convenient, but it is profitable.
Stop loss.
Another little-used secret of scalping is the belief that setting a stop loss with this strategy is quite difficult. In fact, this problem can be solved with Forex scripts .
Some of them allow you to set a minimum stop loss, which will be set automatically when opening a new order.
One-click trading.
To catch the slightest price movement, you need to open a trade very quickly, which can be done using the one-click trading system .
The most important secret of scalping is practical trading. The more you trade, even with small volumes, the more profitable your trading becomes. Don't get stuck on demo accounts.
