scalping

[Samir 1]

How can I best implement the scalping strategy into my trading arsenal?

[Rishabh Tyagi]

Scalping needs a tested, profitable, and a good broker with cheap trading charges. Following steps should help; 

1. Familiarize yourself with the scalping strategy: Understand that scalping involves making quick trades to profit from small price movements in liquid markets.

2. Choose highly liquid markets: Focus on trading in markets with high volume and tight spreads, such as forex or major stock indices.

3. Use real-time data and tools: Access reliable trading platforms or software that provide accurate and up-to-date information, including charts and technical indicators.

4. Establish clear entry and exit criteria: Develop specific rules based on technical analysis indicators to identify favorable trade setups.

5. Prioritize risk management: Determine appropriate position sizes and set tight stop-loss orders to limit potential losses per trade.

6. Practice precise timing and execution: Place orders swiftly and accurately, considering the use of limit or market orders based on market conditions.

7. Backtest and refine your strategy: Test your scalping strategy using historical data to assess performance, identify weaknesses, and make improvements.

8. Monitor and adapt to market conditions: Stay actively involved, keep track of relevant news and events, and adjust your approach accordingly.

 

To learn more on scalping strategies, and in sights, you can check this article by Richard; https://www.asktraders.com/learn-to-trade/trading-strategies/scalping/

[Bogdanovicc]

Hello Samir and welcome to our forum. Thanks for asking the question related to scalping. 

Scalping is one of the most popular trading methods due to the simplicity and given that it doesn’t require you to have a great degree of knowledge about markets and trading in general. It works the best in highly liquid markets given that the spreads are the lowest in such an environment.

The basic idea behind scalping is that it is looking to build a series of winning trades by opening and closing trades quickly. By adding a few pips here and there, scalpers are not interested in the larger market trends. Instead they are targeting a big number of smaller and quicker traders. 

What you have to know about scalping is that it is only useful in the trending and directional markets. A strong trend provides the basis for the different scalping methods that can be used to make profits. 

In order to make it work, scalpers must close the day with a high percentage of winning trades as they can’t rely on the size of winning trades. They aim to close positions very quickly, move on and look for new scalping opportunities. 

 

[kameel]

Any recommendation of good platforms for scalping? I used profitpasti and they have frozen my money