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Showing posts from May, 2017

What is scalping? How does scalping work?

What is Scalping: Scalping is the trade that starts with two or three pips and is opened for 15-20 pips. And the trade opened in this short time is called scalping. Those who do scalping are called scalpers. Scalping trades do not have any fixed time limit but stop loss and take profit are essential. The correct timeframe for scalping is 5,10,15,30,45 minute timeframe. When you go scalping on the 15 minute time frame you can see where the market is going on the h1,h4,d1 time frame. If the 5 minute timeframe is a buy position and the 15 minute timeframe is a buy position then you can enter scalping. And if these two charts give two types of signals, then you should not do scalping. Never scalping against H1,H4 timeframes. If you go against the H1, H4 timeframe, you will float in the forex market or currency ocean. You can be a gainer in the forex market if you go against the trend (market direction). There is no better timeframe for scalping than the 15 minute timeframe. When you see H