What is the meaning of foreign exchange scalping?
Many investors may have heard that others have achieved good profits by peeling off their scalp in their investment, but what is the meaning of peeling off their scalp, do you know?
In short, foreign exchange scalping is a foreign exchange trading strategy, which is committed to making profits through small price changes. Foreign exchange scalping is often described as passing in and out many times through the daily basic rules to skim the tiny profit scum. Foreign exchange scalping is different from day trading. Day trading establishes a position on a liquid trading partner and then flattens it, while foreign exchange scalping never holds this position to enter the next trading cycle or overnight.
But for traders, not everyone is suitable for foreign exchange trading. Foreign exchange scalping requires investors to sit in front of the computer during the whole trading period, and be able to bear or even enjoy a very tense and focused attitude. Foreign exchange scalping every time the profit is very small, only a few points at a time is also very normal. Foreign exchange investors are required to respond quickly because they have no time to think and analyze. The ability to pull the trigger is very important to the scalp.
So for beginners, how to learn foreign exchange scalping? For beginners, a reliable, stable and fast trading platform connecting the market is very important. On the platform, every currency pair usually has a buy or sell button. Traders need to press the appropriate button in a certain in and out position. In the liquidity market, they will generally be in less than one place In seconds. You can start and develop your trading strategy through the free foreign exchange simulation account, which will help you improve your trading skills in real trading.
Now is there a new understanding of the word "scalp stripping"? However, many foreign exchange platforms today do not agree with or support this operation.
[disclaimer] the publication of this article by finance managers for the purpose of transmitting more information does not mean that they agree with their views or confirm their descriptions. The content of this article is for reference only, and does not constitute an investment proposal. Investors operate on this basis at their own risk