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Scalping

CHOOSE YOUR STYLE💹 🔘What is Scalping? Scalping is considered the most profitable but, at the same time, the most challenging trading strategy in any type of market. Alternatively, scalping is also known as high-frequency intraday trading because a large number of deals and the high speed of making them allow a scalper to earn on almost any market movement due to small but frequent profits. Traders who use scalping tactics, often called scalpers, profit by buying at low prices and selling at high prices. It's as simple as that. They make money on even the smallest divergence in the current price of an asset, so even the slightest fluctuations in the price of financial assets are seen as opportunities to make a profit. However, the downside of such an "easy" earning process is potentially minimal profit from a single trade. That is why scalpers often spend 24 hours at the monitor: many small transactions are made in parallel with very short holding periods (often in just a few minutes) to make more or less a weighty profit. Scalpers act quickly and constantly watch the intraday trading indicators. They take short positions in one trade and long positions in the next, looking for frequent, albeit tiny, chances. Basically, scalpers make money using the difference in the buy and sell price. These windows of opportunity are more common than massive price changes since even relatively calm markets are subject to regular fluctuations. Most traders using the scalping technique use charts with a time frame of one minute. Scalpers benefit from charts that show even the smallest price "pips." 🔘What is Day Trading? As the name suggests, day trading involves making multiple trades in a single day. Day traders rely heavily on technical analysis and sophisticated charting systems to detect trading patterns and identify strategic enter and exit opportunities. The day trader's objective is to make a living by making small profits on numerous trades and capping losses on unprofitable trades. Day traders typically do not keep any positions or own any securities overnight. Know for its fast pace and adrenaline-inducing approach, not all investors are suited for this approach to financial markets. However, day trading is arguable more than the pursue of profits: it is a lifestyle of pitting your wits against the market and living in a thrilling, high-risk environment. 🔘What is Swing Trading? So, what is swing trading? In the most general terms, it is a style of trading in the financial markets that focuses on identifying the cyclical nature of price movements. This approach assumes that each trend consists of several up and down phases. Swing traders try to take advantage of these short-term impulses and corrections. Traders working with this strategy tend to keep positions open for several days to take advantage of large market trends. Most swing traders follow the direction of the market trend. Their actions are dynamic. They may open long positions during an uptrend and short positions when a downtrend begins. When one bets on market trends, they often open a position and hold it for days or weeks (even months), depending on the opportunity presented by the trend. Like scalpers, swing traders capitalize on market volatility because it creates opportunities for them. In swing trading, there is no need to make decisions in real-time or quickly. That's why this method is popular with part-time traders; they can use their lunch hour to check the markets, for example. But an effective swing trading strategy requires patience, as the timing of holding an asset can fluctuate considerably. Therefore, it is not the best choice for people who are nervous in stressful situations. 🔘What is Investing? Investing involves putting money into a financial asset (stocks, bonds, mutual or exchange-traded fund, etc). that you expect will rise in value over time. Investors generally have a long time horizon and predominantly look to build wealth through gradual appreciation and compound interest rather than short-term gains. The shorter the time horizon, the higher the risk that you could lose money on an investment. That's why the Securities and Exchange Commission (SEC)'s Office of Investor Education and Advocacy recommends putting money in a savings account if you'll need to access it within three years. For all other goals, investing could yield much better returns. Some investors may even plan to hold onto their investments for multiple decades. ☘️Here are some basic details about scalping, day trading, swing trading and investing, and I hope that information will help our new members to decide what’s best for them. Thank you for reading folks! Till next Time!🌹 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
6
GMT SCALPING DOWNTRENDThere seems to be a downtrend on GMT 15 Minute timeframe after the contraction and expansion phases. As long as the trend is respected you could probably make some decent profits. ═════════════════════════════════════════════════════════════════════════ Contraction Plotter Indicator: www.tradingview.com
Short
by Traders_Endeavors
GBP/USD London Breakout ScalpLearning to scalp the London market open in any time frame takes practice. You need a solid strategy that you have back-tested thoroughly before testing on a live market. Using this 15-minute scalping strategy requires the same testing and patience. A resistance zone has formed around the 1.88 price point. This resistance zone was formed during the Asian trading session. So, Ideally, we like to see if we can catch a breakout from this range when the London market opens. If the opening candle itself breaks above the previous resistance, this does not always represent a true breakout. It could sometimes be a fakeout. As you can see, the price broke out of this trading zone as soon as the London session opened up. However, in that 15-minute candle, we saw the price retrace back into the zone and turn into a large bearish candle with a massive wick on top. This would indicate a fakeout on the lower time frames. The bulls were all stopped. This is why we must be careful and wait for confirmation of a true breakout. This is why I use a simple moving average to help confirm a breakout candle. The moving average I use helps me with my entries. I like to see the breakout candle begin on top of the moving average and then I like to see the breakout candle close very close to its high or low. Once I see that this helps confirm my entry. My target for scalping a London market breakout is always around a one to two risk to reward. On this particular date in November, we can see that the pound has been regaining strength against the US Dollar. On the higher time frames, we are moving upwards. In fact, on the daily time frame, we can see we have finally broken the giant descending trend line that has kept the price below it for the greater part of this year. So, we should always make sure we are trading on the right side of the market. Use a higher time frame bias to confirm your market bias. If the market is bullish and trending upwards, wait for opportunities to go long. Conversely, if the market is bearish, wait for opportunities to go short. Practicing a strategy like this provides you with one of the greatest skills a trader can have in their bag of tools – patience. Do not just jump into the market when you see a breakout. Make sure all your criteria are met. If your criteria aren’t met for an entry, then watch and wait. Setup alerts, make sure you only enter when your entry signal is beaming. You need to be able to see your entry so clearly. This means you won't get entries all day every day. With this particular strategy, I may only have a few entries per week. This is perfectly fine and in fact, I like it. It helps me become a better trader. The Vortex Trader
Long
by TheVortexTrader
3
ETHUSDT SHORT SCALPI found this possible short scalp trade, the value line is the TP and is way below and ETH expanded above and broke the trendline with low volume. A SSL Exit arrow also formed, I am taking a chance with this scalp. TP1: 1212.03 TP2: 1181.8 SL: 1249.7 Note: A contraction may be forming and the stop loss is pretty tight, I am going to wait for the close of this candle to see if this is an actual contraction. ═════════════════════════════════════════════════════════════════════════ Contraction Plotter Indicator which will be able to be bought monthly with Patreon soon:
Short
by Traders_Endeavors