The long plunge in the world of forex trading must have been familiar with one of these forex strategy.Technique or strategy is quite popular among traders even beginning traders also know this technique.
This technique is very popular among traders because the technique is quite simple and has a very short duration.Techniques that will be discussed this time was scalping techniques who has become the generic term for traders.
This is an scalping forex trading methods that rely on technical analysis.Where this technique aims to profit by doing transactions with the duration of a short time with a small target and are likely to do many transactions in a day. This is the reason or the reason why this technique is very popular and many are interested in traders.
On the one hand this technique does offer a huge profit with a relatively short time but this technique also has the same great risk (high risk).Therefore this technique requires high concentration and discipline.For the risk you don't have to worry because his technique by knowing what it looks like, we can minimize the risk.
And maybe one more, doing dozens of transactions in a relatively short time with this technique it is reasonable because it is if you want to apply this technique should you choose a broker that has spread and low commissions.
This technique is not only in the allocation for the traders who have long been poor transverse in forex but this technique is also very suitable for the novice trader. How to and make use of this technique so that it can generate profits for your trading as well as an indicator of what is in use for this technique we directly discuss course together just like what engineering departments.
The Concept Of Scalping Techniques
For 1 minute Scalping technique concept is as follows:
-Suitable in use for all currency pairs which have low spreads
-The settings on the M1 time Frame (1 Minute)
This technique is very popular among traders because the technique is quite simple and has a very short duration.Techniques that will be discussed this time was scalping techniques who has become the generic term for traders.
On the one hand this technique does offer a huge profit with a relatively short time but this technique also has the same great risk (high risk).Therefore this technique requires high concentration and discipline.For the risk you don't have to worry because his technique by knowing what it looks like, we can minimize the risk.
And maybe one more, doing dozens of transactions in a relatively short time with this technique it is reasonable because it is if you want to apply this technique should you choose a broker that has spread and low commissions.
This technique is not only in the allocation for the traders who have long been poor transverse in forex but this technique is also very suitable for the novice trader. How to and make use of this technique so that it can generate profits for your trading as well as an indicator of what is in use for this technique we directly discuss course together just like what engineering departments.
The Concept Of Scalping Techniques
For 1 minute Scalping technique concept is as follows:
-Suitable in use for all currency pairs which have low spreads
-The settings on the M1 time Frame (1 Minute)
-Indicators are in use:
-Stochastic with the setting (5, 3.3)
-Exponential Moving Average (EMA) with periods of 50 and 100
==>Time is the best in the current trading session London and New York
The Practice Of Scalping Techniques
Once we know what the concept is now we enter, how to practice
==>The rules for Entry and exit position
To Buy Rules:
-EMA 50 must be above 100 EMA
-Wait for the correction to the EMA
-Wait for confirmation from stochastic buy signal
-Place the SL range in pips below the 20-30 level swing low to the nearest
-Place the TP-80-120 pips from entry position
Following The Example Of Its Graph:
Seen from the example of the graphic above which the 50 EMA line berda Friday over 100 EMA Line and off the charts stochastic is oversold, meaning the confirmation signal BUY happening. To Take Profit and Stop loss could please you guided rule we've made or define your own sesuia with the strategies and targets for each.
To Sell Rules
-EMA 50 must be under 100 EMA
-Wait for the correction to the EMA
-Wait for the confirmation signal a sell of stochastic
-Place the SL is around 20--30 pips above the level of the nearby high swing
-Place the TP around 80-120-pips from entry level
Following The Example Of Its Graph
In the example graph above seen where the 50 EMA is below 100 and EMA for the stochastic lines themselves are in overbought area, meaning there is a signal to sell entry.To Take Profit (TP) and the Stop Loss (SL) Please could follow the rules we've made, or customize it with your target audience and your strategy.
Read also this==>How Forex Trading without Loss of the right
It is for the rules of entry and exit its position but as always we recommend you to test it first this technique disimulasi trading him before applying it in the real account.because even if this strategy turned out to be incompatible with the characteristics of your trading and the result is not as expect there will be no financial risk that befell you.
Read also this==>How Forex Trading without Loss of the right
It is for the rules of entry and exit its position but as always we recommend you to test it first this technique disimulasi trading him before applying it in the real account.because even if this strategy turned out to be incompatible with the characteristics of your trading and the result is not as expect there will be no financial risk that befell you.