My 2 trades of the day, on the 3 min chart of the day. Scalp trades look ridiculous on a higher than the 1 min timeframe. But the scalper has two advantages : first, much smaller risk and tight stoploss on every trade. Second, a scalper does not need to anticipate and catch the big price movement of the day . Five safe pips here and there are enough. The high leverage will do the rest.
Wednesday, May 28, 2008
A broader image
My 2 trades of the day, on the 3 min chart of the day. Scalp trades look ridiculous on a higher than the 1 min timeframe. But the scalper has two advantages : first, much smaller risk and tight stoploss on every trade. Second, a scalper does not need to anticipate and catch the big price movement of the day . Five safe pips here and there are enough. The high leverage will do the rest.
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Doing scalping is always great if done with proper style, if we do it without having any tight stop loss or planning then we could lose big time, so that’s why scalping has to be done very careful. I can do it fairly easily thanks to OctaFX broker using their low spread of just 0.2 pips for all major pairs while there is also rebate service available where I get 50% back on the paid spread, so that further helps my chances big time to succeed.
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