Forex scalping in the first place can significantly help beginners opening an account in the market if there is a sum of funds in the region of 300-400 dollars. And in order to begin to trade fully at all periods of the market, this is quite enough. Two or three defeats in the long run will suffice and the trader’s presence in the market is already in great doubt. This is the forex exchange. The application of trading on the news, or short-term trading, can help out. Forex scalping is another method for beginners. It is the most short-term in nature, it can allow you to get even small, but guaranteed winnings, even if you start Forex with 1 dollar. And all this is incredibly important psychologically for every trader who is just starting his journey in the foreign exchange market. The tactics are quite simple and understandable, it does not require special knowledge in the areas of technical and fundamental market analysis. Transactions can be carried out in minutes, or maybe in seconds, and the level of risk and the probability of possible losses are limited to the maximum.
Forex scalping is divided into a considerable number of methods. Here are some of them:
1) Absorption method. To perform this trading method, you need to look for bullish or bearish takeovers on the bar chart (preferably a 15-minute one). Here you need to configure MetaTrader4 for Japanese candles. We will now discuss in a little more detail. Bullish absorption is a complete overlap of the white body of the current candle with the body located next to it, the last candle in black (not paying attention to the shadow). When the maximum candle is exceeded, you must immediately enter the market, buy currency at the current price. Then the market is already going in your direction, win back the spread, take a couple of points and quickly exit. In the case of bearish absorption, everything is exactly the opposite. The body of the last white candle, which is located nearby, is completely covered by the body of the current one. Sell currency at this moment at the current market price, and then wager back the spread, take a couple of points and exit. Do not trade for more than one or two minutes. You can search for situations that are described by different currency pairs, and then you can pick up pips as much as you like. But if you find yourself in a really losing trade, do not hesitate and immediately close just like in a profitable trade. Using this method, you need to consider that you enter the market without preliminary analysis, and therefore the desire to earn more and the sluggishness of exit are not allowed, regardless of the type of transaction.
2) A method using the emerging market at ten o'clock in New York. At such a time, the exchange has the biggest chance that the trend will unfold. Play on any currency pairs that are associated with the dollar. Wait for the initial 15-minute bar, and then see what it closes closer to. If it closed a little closer to the minimum, enter the market and buy, and if closer to the maximum, then sell. Play the spread, take a couple of points and exit. You also need to trade no more than two minutes. If in doubt, just watch. Play and the next time you have time.
3) Forex scalping can also be carried out using a method that uses an emerging market for about 15 hours in New York. Around this moment, the bond market (of the US) closes and, as a result, reversal trends again arise. It is necessary to act in exactly the same way as in the previous paragraph.
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