New and inexperienced traders are continually searching for strategies to improve their trading. In this article, we will take you through a couple of the best one (1) minute scalping trading strategies available.
Each of these strategies can be used for stock, commodity, cryptocurrency, equity or forex trading. We will take you through:
Scalping can be defined as a trading style where a trader capitalises and profits from small price movements. The goal of scalping is to take as many small profits as possible. The trades are usually held for a short period, and the trader executing a scalping strategy will not hold positions overnight.
Scalping requires a very strict exit strategy, as one large loss could eliminate the many small gains you could obtain.
Now let us take a look at how scalping works.
Forex scalping is a trading style used by forex traders to buy or sell a currency pair and then hold it for a short period of time in an attempt to make a profit. While scalping attempts to capture small gains, such as 5 to 20 pips per trade, the profit on these trades can be magnified by increasing the position size.
The main premises of scalping are:
To understand scalping further, let us take a look at 1-minute scalping strategy variables.
This 1 minute scalping strategy is really easy to learn and can be extremely profitable if used correctly.
So, what do you need to get started with this strategy?
Let's focus on how to enter a long position on the strategy. A buy position in scalping strategy will need to meet the following criteria:
If all three of these have occurred, there is now an opportunity to open a buy order (long position), fantastic!
To enter a short position and sell, you will need the following to happen:
The SL and TP levels for this strategy are set out below:
The next strategy is easier to understand and follow, so let's get straight into what you will need to make it work:
To enter a position using this strategy there are only two things you need to be aware of, so I have grouped them into one.
Of course, with all types of trading plans, there are advantages and disadvantages, and one-minute scalping trading strategies in the forex market are no different.
On the surface, scalping strategies appear simple and more lucrative than swing trading due to the fact that traders have the ability to collect a full day’s profit in just a few minutes.
In reality, however, the successful implementation of 1-minute scalping strategies can create unexpected challenges, and so, it should be understood that scalping strategy is only suitable for certain types of trading personalities.
Successful scalpers must show:
In the end, a successful scalper is a person that’s able to play to the strengths of the market and exit trades at highly favourable moments.
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