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Forex Scalping Without Using Any Indicators It's no secret that many traders prefer to scalp over using a longer term strategy like swing trading. I know this may sound frightening to some people, but relax. It's not as hard as you think it is. I can certainly understand the rationale behind it, however it's critical that traders know what they are doing before they start buying and selling hog-wild. If you don't, it's like trying to catch a falling knife. I know many people use indicators like moving averages to spot the trend, but I think it's so much easier just using a simple bar chart.
When it comes to actually spotting the trend, I personally say that you should throw out all the indicators. For starters, when it comes forex scalping, you have to know where the trend is, and you want to make sure that you are trading with it.
You can do it without hurting yourself, but it's dangerous. They would much prefer to enter and exit the market several times in a day, instead of using a buy and hold strategy. |