How To Be A Successful Forex Scalper

How To Be A Successful Forex Scalper

Written by: PaxForex analytics dept - Monday, 10 February 2020 0 comments

The specifics of the Forex market are that small movement of several points in one direction or another are much more frequent than large and tangible price changes. If you trade on such movements, BUY/SELL positions can be opened literally every second and if the circumstances are successful, you can get decent results by the end of the working session. Consequently, scalping is one of the most popular methods of trading in the Forex market, the essence of which is the short-term opening and closing of positions. In this context, the term "short-term" will not sound quite accurate, because in trading it is usually applied to 3-5-minute time intervals, while the enormous bulk of scalpers will keep their trades open no more than one minute.