marvelpips
Forum Newbie
Scalping is a short-term intraday trading strategy that requires constant attention. Most of the time it is not a set and forget system as anything can happen at anytime. According to Babypips, Scalping or short-term trading involves making dozens or hundreds of trades a day, trying to scalp a small profit from each trade by exploiting the bid-ask spread.
Scalping works because not all currency pairs remain on the move at all times. Scalpers generate profits from these non-moving pairs or turn around and sell for a profit those pairs that fluctuate in the positive direction. This way, they receive a small profit. This profit quickly adds up.
Some advantages to scalping include less exposure to risk (because it doesn’t have the time in one position to be effected), easier-to-obtain moves and more opportunities to realize a small profit. Of course, there are no perfect strategies.
For many years in my trading career, I have being into scalping but the truth is there was nothing to show for it. The profits came and went away easily. At the end of each day, i would be so tired because of my in and out of trades gaining here and losing there. it made forex trading so cumbersome and frustrating.
The way out came with my acquaintance with TFG. I now make use of PA in scalping and it is very profitable.
I depend so much on Daily analysis using PA Protocol. With that I would have an idea of the likely direction of each pair the following day. I will then switch to 15 minutes TF. I also draw my support and resistance levels. Any PA signals on these levels will give me the go-ahead to enter trades through scalping and so far, it has been profitable.
Scalping works because not all currency pairs remain on the move at all times. Scalpers generate profits from these non-moving pairs or turn around and sell for a profit those pairs that fluctuate in the positive direction. This way, they receive a small profit. This profit quickly adds up.
Some advantages to scalping include less exposure to risk (because it doesn’t have the time in one position to be effected), easier-to-obtain moves and more opportunities to realize a small profit. Of course, there are no perfect strategies.
For many years in my trading career, I have being into scalping but the truth is there was nothing to show for it. The profits came and went away easily. At the end of each day, i would be so tired because of my in and out of trades gaining here and losing there. it made forex trading so cumbersome and frustrating.
The way out came with my acquaintance with TFG. I now make use of PA in scalping and it is very profitable.
I depend so much on Daily analysis using PA Protocol. With that I would have an idea of the likely direction of each pair the following day. I will then switch to 15 minutes TF. I also draw my support and resistance levels. Any PA signals on these levels will give me the go-ahead to enter trades through scalping and so far, it has been profitable.
