What Is "Scalping" In ForexHello Traders,
We thought that we'd make a little guide to those of you who are looking at scalping as a possible trading strategy. This educational idea will give you a few things to consider and we hope that it will inform you of what you can expect from being a scalper.
Our Take:
Personally for us scalping isn’t our style and we wouldn’t recommend it to anyone but some people absolutely love it and are drawn into this type of trading because of the huge profit potential which is why we thought that we’d make this educational guide so that if you want to become a scalper then you know what you’re getting yourself into. Scalping can be a great way to trade but if you want to break out of that 9-5 job and not sit at a computer all day then scalping definitely isn’t your style. The reward you get from being a scalper comes with an equal risk and this is something a lot of people overlook.
A Message From Us:
We hope that you liked our guide and be sure to look out for our next educational guide where we’ll go over more lessons in regards to trading. If you have anything you want us to cover then please do contact us and we’ll see what we can do. We’d love it if you could show your appreciation if you liked this post and we wish you the best.
Stay Safe - The JPI Team
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Scalper
15 Min. Scalping Strategy I HIGH WIN RATE15 Min. Scalping & Intraday Strategy I HIGH WIN RATE - Live Demonstration in the Asian Session - USDJPY
About KiSS 2.0 Market Structure Method Trading Strategy:
1. It is a market structure based trading strategy (uses a naked chart and indicators for confluence)
2. Effective strategy for scalping and intraday trading
3. 93% win rate and its recommended to demo and record a minimum of 100-300 trades in a trading journal to find your unique edge
4. Use a unique risk management method to increase probability of wins
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Brian & Kenya Horton, BK Trading Academy
Long Scalping a Bear MarketProbably one of the most difficult things you can do in a Bear Market is BUY. Especially when we are seeing aggressive selling like this. This is the type of market where every time you try and long, you lose money.
There's little point buying a falling knife UNLESS you are really good at it, because this current market is breaking every single type of support because of sentiment.
HOWEVER, using my strategy with the Price/Trend Indicator and Volume Indicator, you are able to see when momentum/ volume has shifted INSIDE of the Bear Flag . From this you can see that they are probably going to break out upwards to hit Stop Losses before continuing the fall.
If you take a look at the Orange Boxes, you can see a BUY signal, but Volume hasn't upthrusted enough - it hasn't strongly gone above the Blue and Grey trendlines, so it is invalid.
If you take a look at the White Boxes, you can see a BUY signal, with Volume upthrusting above the Blue and Grey trendlines. This is a valid LONG.
(Ignore the purple line, I'm just testing something at the moment)
There is an indicator called "Deviation Bands" - these are Standard Deviations from the baseline of current price. If you choose the option of "EMA", this will allow you to set Take Profit targets - like here, TP 1 and TP2. I will reupload it on my Scripts soon.
Stop Loss is usually quite tight in these scenarios - sometimes actually not as tight as this (sometimes you can get wicks) but other times below the last low.
3 Types of Traders: Which Are You?3 Types of Traders: Which Are you?
There are many different approaches of trading the financial markets that has provoked countless methods and strategies to be created over the decades.
One popular way to simplify & view this is to break it down into 3 types of traders which is categorised by two main factors which include the trading frequency & timeframes used by each one of the trading types.
1️⃣ Scalper
The large majority of beginner traders end up starting out with this type of trading because of numerous reasons. But mainly, this is due to the fast pace that the market moves, presenting many trading opportunities and giving off the perception of an opportunity to get rich quick.
Ironically, this trading style is then considered as one of the most easiest and successful ways of trading by beginner traders, while being stated by professional traders to be one of the most difficult.
Scalpers often have dozens of trading positions open at a time during multiple trading sessions and need to be in front of the charts at all times. Therefore, paying huge commissions to their broker due to spreads also making this type of trading have a high cost to it. Not to mention the chaos in lower timeframe analysis that eventually results in the majority to stop trading.
This is not to say that you cannot be successful with scalping. However, the main obstacle alongside many other with scalping, is the level of constant focus & rapid-decision making required which can have massive negative effects on your overall trading psychology if not kept in check.
2️⃣ Intraday
Intraday or day trading is the most popular type of trading amongst retail traders and is what I prefer the most myself.
Staying relatively active, the market gives some time for the trader to reflect & think upon their analysis on the pairs they are analysing. Opening and managing on average ~1-2 positions per trading session, the intraday approach offers a degree of freedom.
But does come at a cost due to the declining amount of volume and volatility, intraday traders may experience low risk:reward setups because of the average daily range of many pairs on the market.
3️⃣ Swing
Swing trading is the best choice for individuals who want to pursue trading while having a full-time occupation outside of trading. This is possible due to this type of trading primarily focusing on the higher timeframes such as daily/weekly for a large proportion of their analysis.
Thus, swing trading is not demanding when being combined with an individuals typical daily routine and trading psychology since they aim to catch mid/long-term market movements.
With an average trade holding length of 2 weeks and only 1-2 positions being placed per week. Swing trading is regarded to be one of the least emotional approaches and involves low cost of trading with great risk:reward setups.
Though, the main problem with swing trading is the degree of patience required when holding out for long period of times. Often resulting in the trader closing their positions too early and not having the ability to allow the positions to reach their final targets.
Which type of trading do you prefer?





