Scalping for newbie

02 Sep 2020, 18:36 · Views 792

Scalping is a type of trader who takes profit as soon as possible in each entry or position. Usually the time frame used is M15 and below. (I use a combination of M5 and M1)

So, it is not surprising if it requires you to take a profit as soon as possible because of the Candle speed at time M15 and below. In addition, the lot size is also very different. For scalping you need a relatively large lot size so that you can maximize profits.

For scalping, we are actually not chasing the number of pips, but chasing the USD value itself. So that is why when scalping we need a high focus to monitor the chart when calculating the entry so that we can close when the entry is profitable.🤟

Take care of money management..if small capital enter lot 0.01 only#forexdiscipline##tradingskill#

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