Forex 5 pips scalping

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What is scalping in Forex trading and how to scalp Forex

Forex scalping is essentially a simple trading strategy that emphasizes on short and prompt transactions, carried out on a regular basis via the process of entering and exiting trades numerous times daily.

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There are those who criticize it but many who are greatly interested in it. One cannot turn any system into a scalper by just decreasing the profit target to 1-5 pips, and increasing the stop loss to a 5-10 multiple of the profit target.

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Traditionally, forex scalping has been regarded as the practice of taking just a few pips of profit, i.e. This style of trading is attractive to those who like their forex trading action-packed.

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The main goal of scalping is to make a profit by purchasing or selling currencies by holding a position for a very short period of time and closing it for a small profit accordingly.

Forex 5 pips scalping:

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