Scalping for quick small profits is a popular Forex trading strategy, demanding huge discipline and concentration. Professional forex scalpers make between 10 and 100 trades each day. If a position goes against them, they go out quickly rather than keep it and hoping it will turn around. A Forex scalping system aims to make 5-15 pips per trade. The broker reviews come useful there.
- The goal of a Forex scalper is to buy or sell a currency pair at the bid or ask price and then get out of the trade quickly when they are in the result of a few pips.
- Using this strategy to extract a small number of pips to the market at a time, can easily compound in big gains as long as a strict exit strategy is used to avoid losing trades absorbing all the profits.
The Forex Scalpers
Usually, Forex scalpers use the 1 …