Forex scalping is one of the trading methods that has already become a classic. This method was developed specifically for short-term trading.
It provides for profit only from trades lasting from a few seconds to several minutes.
From this concept, traders who specialize in making short-term transactions got the name - scalper. A scalping operation in Forex is characterized by trading in a short time with a small number of points with a large volume of lots. We also recommend reading Fractals Indicator.
It should be noted that scalping in Forex can be called one of the youngest technologies for making money in the foreign exchange market. However, over time, this trading system has proven itself positively in short-term trading in the foreign exchange market. Today scalping in Forex is used by both beginners and experienced traders. Why is scalping on Forex so attractive for beginners, because short-term transactions bring small profits?
The answer is simple: while making a small profit on a successful trade, on a failure, it will bring a small loss. Among other things, it is the most convenient way to trade when it comes to limited financial opportunities.
Putting it all together, we get a good strategy for a beginner trader. However, in order to work in the scalping system, it is necessary to have certain personal characteristics, such as: attentiveness, ability to concentrate, quickness of reaction, "iron" nerves. Thus, forex scalping is an effective and proven method of earning money in the foreign exchange market.
In order for this strategy to become profitable for you, you need several conditions: the nature of the work matches your temperament - a sanguine person or a choleric person by psychotype. At the same time, you must have a stable nervous system, a set of necessary knowledge to work in Forex and a great desire to work and earn money.