Forex scalping is a day trading strategy based on quick and short transactions, used to make numerous profits on minor price changes. Scalpers, can implement up to hundreds of trades within a single day – and is believed minor price moves are much easier to follow than large ones. The main objective of following Scalping strategy is:
- To buy /sell a lot of securities at the bid /ask price and in a short time sell/buy them at a higher/lower price to make a profit.
Essential factors for Forex scalping:
- Time frame
- Risk management