The 2nd Session: How to Start Scalping Skillfully [Forex Demon]
Regarding scalping, concerned about the overflowing fragmented information, we started this project to create a textbook that can be studied systematically. The navigator role, when it comes to forex, is the demon of FX who is unmatched in teaching. This time, he will explain the points you should be careful about when starting scalping.
Table of Contents for the Second Episode
1. Review of the merits of scalping
2. Prerequisites for performing scalping
3. What kind of FX company is suitable for scalping
4. Also be careful of slippage
5. Which currency pairs are suitable for scalping
6. The best times for scalping to win
7. Does the foreign exchange market perform a random walk?
Kawase Oni (Forex Demon) Profile
Graduated from Sophia University, Faculty of Foreign Studies, English Department. A former trader at a foreign fund and a currency dealer at a securities company. Currently serves as CEO of an investment company. Proficient in ultra-short-term scalping, where settlements occur just minutes after entry, with hundreds of trades per day. Trading history is published in the official blog “FX Scalping Master!”. Main book: “Introduction to FX Scalping by the Forex Demon” (Diamond Inc.).
Official site:FX Scalping Master! The Forex Demon
Review of the merits of scalping
In the first article, we explained what scalping is in FX, along with its merits and demerits.
In short, scalping has various edges in the market, and starting with a small amount of operating funds can potentially grow significantly. Also, there are overwhelmingly many trading opportunities and very short trade completion times, making it an ideal investment method for part-time traders.
Now, in this article, we will discuss what to watch out for when starting scalping, and how to efficiently earn money.
＜Merits of scalping＞
・Possibility to start with a small amount of funds and grow substantially
・Many trading opportunities
・Short trading time
・Suitable for part-time traders
Prerequisites for performing scalping
What do you think is the most important thing to win at scalping? Is it the superiority of trading logic, or capital management, or perhaps a user-friendly trading platform or chart software?
Of course, these elements are not insignificant, but from experience the most important thing is…
