Best scalping strategy for forex trading

[lekked]

how risky or profitable is scapling compared to swing or the usual day trading?

 

[Quirky]

There are several scalping strategies. Every strategy has its own values and limitations. However, in my perspective Relative Strength Index(RSI) strategy is best due to easy formulas for calculation and analysis of market trends.

 

[Xie Yuanjun]

There are several scalping strategies, but according to my point of view, using relative strength index(RSI) as an indicator is best as it is much simpler to understand.

 

[mlawson71]

How do you usually use it? What are you looking for?

 

[roy3421]

strategy comes after back testing 1000 times nothing is easy when its scalping but surrely you can become succesful scalping if you can make quick decisions

 

[ShihTzu]

The forex scalping strategy is just like any other scalping strategy – you want to bring the market almost to its stop loss level and then get out of the trade. The best scalping strategy is to use a currency that has more volatility than others, which means that the spread between your bid and ask will be less than in other currencies.

 

[Pediment]

The greatest forex scalping tactics include leveraged trading. In the forex market, leverage is a method that lets the traders take money from a broker in order to acquire more exposure to the market while only investing a tiny portion of the overall asset value.

 

[adsforless50]

whats the fast way to use this method i was really intresedin it

 

[ashaab]

Scalping strategy is only profitable in Asian sessions but they fail in London and New York sessions when the volatility is high.

 

[ashaab]

How much leverage do you think is appropriate to scalp?

Atleasy 1:500 otherwise your account blown out very early.

 

[cupcake]

Yes I would agree although I like to use 3 moving averages crossover as well

has using 3 moving averages increase your profitability or has it slowed you down?

 

[Fin_Trader]

I like to trade support/resistance levels, as well as using slanted lines, candlestick patterns, and technical analysis figures.

 

[Jonathan Lee]

A popular scalping strategy in forex involves using short time frames (1-5 minute charts) and focusing on quick, small price movements. Traders often combine indicators like the Moving Average (MA) for trend direction and the Relative Strength Index (RSI) for overbought/oversold conditions. Tight stop losses and risk management are key to success, as scalping involves high-frequency trading.