moonchild
VIP Contributor
As a forex trader, scalping is one of the style of trading that you should focus on if you're looking forward to becoming a day trader their are certain things you need to know to be a successful scalper.
Always have a stop loss: when scalping always have a predetermined exit and out your stop loss at that, you're expected to get in and out of the market many times, it's important to know how to cut your losses short.
Trade on the lower timeframe: Trading in the lower time frame is very important because that's where the movement is, higher timeframe takes a very long before it correct course, but there's always a movement on the lower timeframe from 15 minutes downwards, you'll be able to make profits as a scalper using those timeframe.
Learn how to read price action: some scalpers use indicators, combined with price action but it's important to krsrn to read price action yourself, it'll help you tremendously m
Always have a stop loss: when scalping always have a predetermined exit and out your stop loss at that, you're expected to get in and out of the market many times, it's important to know how to cut your losses short.
Trade on the lower timeframe: Trading in the lower time frame is very important because that's where the movement is, higher timeframe takes a very long before it correct course, but there's always a movement on the lower timeframe from 15 minutes downwards, you'll be able to make profits as a scalper using those timeframe.
Learn how to read price action: some scalpers use indicators, combined with price action but it's important to krsrn to read price action yourself, it'll help you tremendously m
