Scalping has always carried a lot of mystery. Many novice traders prefer to use scalping to make profits when they first start trading, and not only novices, but also many experienced investors are particularly fond of this quick entry and exit operation method. Today, the editor will share some scalping trading strategies and skills with you.

"Scalping" is also known as "hat grabbing", commonly known as "speculative trading"; "scalping" requires a suitable market environment, the more active the market trading, the lighter the price movement, the more suitable it is for speculative trading. Scalping trading is a more extreme trading method, and its direct purpose is to make a profit, so it is best to follow a certain strategy to execute, so that the success rate is higher.

Scalping strategy of "Currency Selection"

Usually, currency trading takes the US dollar as the anchor currency, so the trading activity of currencies related to the US dollar is very high, so it is not suitable for scalping trading selection, scalping trading is best to choose a currency with slightly lower volatility, such as EUR/JPY.

Scalping strategy of "Time Period Selection"

The best time frame for scalping trading is 1 minute or a shorter time frame, and the best trading time is the trading time when the European plate/American plate and the American plate/Australian plate cross.

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After the investor's previous preparations are completed, it is necessary to closely monitor the market behavior of 5-15 minutes, analyze the entry point, confirm the entry position, and enter the market immediately when capturing the current short-term trend.

Scalping Trading "Strategic Skills"

1. Require 100% focus, refuse to be distractedSome traders engage in scalping while multitasking with other activities. For instance, they might be watching videos while having lunch. This leads to the continuous commission of many avoidable mistakes. By the time you realize it, the errors that should not have occurred have already cost you profit opportunities.

So, what should you do? You should distance yourself from all distractions before engaging in scalping: put your phone in airplane mode and place it far away; turn off QQ and other message notifications on your computer; and inform those around you not to disturb you for the time being.

2. Wait for market opportunities to arise on their own

If you feel the need to engage in scalping, you are definitely forcing yourself. The best trades will come to you. They are very obvious, and the charts seem to be urging you not to miss such good opportunities. Therefore, scalpers do not need to trade every moment; you need to learn to wait.

3. Try to maintain a relaxed mindset

The appeal of scalping is the possibility of making large profits in a short time. Technically, only very large positions can achieve such results, and the problem with large scalping trades is that few people can control them.

Confidence and arrogance are completely different. If you trade five standard lots within 15 minutes and end up losing $1,000, your emotions will change. At this point, it is recommended that you start by choosing small trades only, and increase the trade volume until any loss can keep you calm.

4. Learn to analyze the economic fundamentals

Many scalpers believe that focusing on price fluctuations is enough, and fundamental analysis is not a priority. However, when economic events begin to affect the market, price fluctuation analysis no longer works. To become a successful scalper, you cannot ignore the analysis of economic fundamentals.

5. Set a stop loss! Establish a maximum limitThe editor believes that the method to quickly eliminate scalp traders is to stay in losing trades for too long. Therefore, the most important rule is to set a maximum loss limit. For example, if you set a maximum loss limit of $50 or $100, then once the loss reaches this amount, quickly close all trades and stay away from the computer for the rest of the day.