Scalping is like those high action thriller movies that keep you on the edge of your seat. The main objective for forex scalpers is to grab very small amounts of pips as many times as they can throughout the busiest times of the day.

Because scalpers basically have to be glued to the charts, it is best suited for those who can spend several hours of undivided attention to their trading. It requires intense focus and quick thinking to be successful.

Is scalping a viable forex trading strategy?

Check out this post by our regular psychologist, Dr. Pipslow, on how to work on your concentration skills. It is not for those looking to make big wins all the time, but rather for those who like raking in small profits over the long run to make an overall profit.

You want your spreads to be as tight as possible since you will be entering the market frequently. The most liquid times of the day are during the session overlaps.

This is from 2: Be sure your targets are at least double your spread so that you can account for the times the market moves against you. If you start to get accustomed to the pace of things, then you can start by adding on another pair and see how it works for you.

Because of slippage and high volatility, trading around highly anticipated news reports can be very dangerous.

It sucks when you unexpectedly see price jump in the opposite direction of your trade because of a news report!

To be a great champion you must believe you are the best. If you're not, pretend you are.

Forex 1 minute scalping strategy explained

We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We're also a community of traders that support each other on our daily trading journey. BabyPips The beginner's guide to FX trading News Trading.

A Beginner's Guide To Scalping In The Forex Markets

How to Trade Forex Trading Quizzes Forex Glossary. School of Pipsology Undergraduate - Junior Which Type of Trader Are You?

Partner Center Find a Broker. Developing Your Own Trading Plan.

Which Type of Trader Are You? Create Your Own Trading System. Keeping a Trading Journal. Privacy Policy Risk Disclosure Terms of Use.