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The main purpose of trading accounts in Forex is to make profits as everyone knows. It is necessary to read the market well, follow the economic and political developments closely and adjust the investment psychology in the best way in order to get high profit in this market which is composed of currency pairs traded all over the world.
Traders can resort to some strategy and trading tactics in the market while trading with a high profit target. The strategy of scalping comes at the beginning of these strategies. Let's take a closer look at what this scalping term is.
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Scalping is a method of opening and closing the short-term transaction by evaluating the instant price movements in forex.
It is called an investor scalper that deals with the scalping technique. Scalper trades very quickly by following very small price steps to evaluate the transaction. For example; They take 0,10 lots of EURUSD transactions from 1,0900 currencies and close them at 1,0910. They get a profit of 10 USD as much as the difference. They earn a profit from a single transaction because they repeat frequently throughout the day. Scaling can be done for each lot, but if you want to get high profits, you can open 1 lots transactions. Many investors will benefit from the movements in this market by making Scalp even in microlots.
For those who prefer it, there can be sufficient volatility in the first priority market. When you go towards the foreign exchange you are looking at how much the currency are moving.It does not matter which way the currency goes.In particular, the time of disclosure of economic data, which is intense in motion, is the most preferred process for scalpers. Earnings are targeted by transactions in the frequent and short price range. Even with a small profit figure on the platform, the transaction is closed and the new transaction is opened.
Scalping price targets are generally 10 pips and below. These figures may vary depending on the lot size you are trading and the profit figure you are targeting.
If we look at the advantages that Scalping provides to the investor, they are not exposed to possible adverse movements as the short-run transaction is evaluated.Another advantage is that it does not suffer high damage as higher profits are not targeted.Some investors claim that they have suffered loss a lot in forex. One of the biggest mistakes these people make is that they lose their existing profits in their accounts when they are thinking of making more profits.Forex is subject to very fast price changes because it is traded all over the world and has a very high transaction volume, and global news all over the world is affected by economic and political reasons, even natural disasters.For this reason, you may encounter negative results if you do not close the transaction when you see the gain.For example, on the contrary to the market, you can face a bad situation as your account closes with a movement, which means you lose almost all your money.
Another advantage of Scalping is that it does not expose any swap costs because transactions are opened within the day, even if they are terminated even within minutes, and not moved to the next day.If you open your account for the same day and close it until 00:00 in the night, you will not be charged swap costs.One thing to pay attention to when doing scaling is that, while aiming to do a lot of work, it can be said that the wrong position is entered in the opposite direction of the market.When doing the process, support in technical analysis, resistance levels should be used, daily data should be followed.You should also try this technique first in demo accounts, which we call trial accounts, to gain practical experience and decide whether or not it is appropriate to your risk preference and profit target.
Click here to open an account and start forex trading immediately.
Traders can resort to some strategy and trading tactics in the market while trading with a high profit target. The strategy of scalping comes at the beginning of these strategies. Let's take a closer look at what this scalping term is.
Scalping is a method of opening and closing the short-term transaction by evaluating the instant price movements in forex.
It is called an investor scalper that deals with the scalping technique. Scalper trades very quickly by following very small price steps to evaluate the transaction. For example; They take 0,10 lots of EURUSD transactions from 1,0900 currencies and close them at 1,0910. They get a profit of 10 USD as much as the difference. They earn a profit from a single transaction because they repeat frequently throughout the day. Scaling can be done for each lot, but if you want to get high profits, you can open 1 lots transactions. Many investors will benefit from the movements in this market by making Scalp even in microlots.
For those who prefer it, there can be sufficient volatility in the first priority market. When you go towards the foreign exchange you are looking at how much the currency are moving.It does not matter which way the currency goes.In particular, the time of disclosure of economic data, which is intense in motion, is the most preferred process for scalpers. Earnings are targeted by transactions in the frequent and short price range. Even with a small profit figure on the platform, the transaction is closed and the new transaction is opened.
Scalping price targets are generally 10 pips and below. These figures may vary depending on the lot size you are trading and the profit figure you are targeting.
If we look at the advantages that Scalping provides to the investor, they are not exposed to possible adverse movements as the short-run transaction is evaluated.Another advantage is that it does not suffer high damage as higher profits are not targeted.Some investors claim that they have suffered loss a lot in forex. One of the biggest mistakes these people make is that they lose their existing profits in their accounts when they are thinking of making more profits.Forex is subject to very fast price changes because it is traded all over the world and has a very high transaction volume, and global news all over the world is affected by economic and political reasons, even natural disasters.For this reason, you may encounter negative results if you do not close the transaction when you see the gain.For example, on the contrary to the market, you can face a bad situation as your account closes with a movement, which means you lose almost all your money.
Another advantage of Scalping is that it does not expose any swap costs because transactions are opened within the day, even if they are terminated even within minutes, and not moved to the next day.If you open your account for the same day and close it until 00:00 in the night, you will not be charged swap costs.One thing to pay attention to when doing scaling is that, while aiming to do a lot of work, it can be said that the wrong position is entered in the opposite direction of the market.When doing the process, support in technical analysis, resistance levels should be used, daily data should be followed.You should also try this technique first in demo accounts, which we call trial accounts, to gain practical experience and decide whether or not it is appropriate to your risk preference and profit target.
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