I have built forex trading plans, futures trading plans and day trading plans. Now I will establish a scalping trading plan.
First of all, why would you want to scalp? Novice traders only want to get rich in trading. However, professional traders would like to learn how doing scalping trading.
Second, what are your daily trading goals? Many beginners want to double their forex trading account every day. But veteran traders just set daily goals about 0.1%
Third, which market to scalp trade? Forex or Futures? I will choose the forex market.
Fourth, where can I learn about forex scalping trading?
First of all, why would you want to scalp? Novice traders only want to get rich in trading. However, professional traders would like to learn how doing scalping trading.
Second, what are your daily trading goals? Many beginners want to double their forex trading account every day. But veteran traders just set daily goals about 0.1%
Third, which market to scalp trade? Forex or Futures? I will choose the forex market.
Fourth, where can I learn about forex scalping trading?
- I have to find the best forex strategy books to read.
- I will learn a scalping strategy at babypips and dailyfx.
Fifth, how much is required to scalp forex?
Finally, I have already finished the scalping trading plan. Now you have to set a trading plan that fits your personality.
- You have to open a demo account and practice your forex scalping trading strategy.
- As a novice trader, you can open an account with only $1000.
- If you are going to scalp trading for a living, you have to open a live account with $10000.
Sixth, what is your forex scalping trading secrets?
Many beginners want to find the forex scalping secrets. They think it is a few scalping strategy rules.
In fact, veteran traders will build scalping trading plans, learn to scalp with a demo account and maintain a scalping trading journal. As the saying goes, success comes from hard work and execution.
Seventh, what is your scalping strategy?
Many beginners want to find the forex scalping secrets. They think it is a few scalping strategy rules.
In fact, veteran traders will build scalping trading plans, learn to scalp with a demo account and maintain a scalping trading journal. As the saying goes, success comes from hard work and execution.
Seventh, what is your scalping strategy?
- I will use a 20-period moving average to determine the major trend on the 15 minute chart.
- When the RSI is above 70, I will buy in an uptrend on the 15 minute chart.
- When the RSI is below 30, I will sell in a downtrend on the 15 minute chart.
- The validity of currency pairs: majors. For example, AUDUSD
- 15 minute chart
- Forex trading indicators: the Relative strength indicator, 20-period moving average ( available on the MetaTrader 4 platform or the cTrader platform)
- Forex trading sessions time: any
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| 15 minute chart strategy |
Eighth, I will keep a scalping trading journal. It can track, measure my trading performance.
Finally, I have already finished the scalping trading plan. Now you have to set a trading plan that fits your personality.
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| make a scalping trading plan and develop a trading strategy |
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