Forex scalping is a trading strategy that involves making quick, small trades to profit from tiny price movements, typically within minutes or seconds. Here’s a brief summary of common scalping strategies: 1. Fast Entry and Exit: Scalpers focus on entering and exiting positions rapidly, aiming for small gains on each trade. They usually make dozens or even hundreds of trades in a day. 2. Technical Indicators: Scalpers often use indicators like the Stochastic Oscillator, RSI, or Moving Averages to identify short-term price movements and entry points. 3. High Liquidity Pairs: Scalpers prefer trading highly liquid currency pairs (like EUR/USD or GBP/USD) to ensure tight spreads and fast execution. 4. Risk Management: Since the trades are small but frequent, strict risk management is essential. Scalpers typically use tight stop-loss orders to limit potential losses. In short, scalping requires a lot of focus, quick decision-making, and effective risk control, as traders aim to capitalize on small market fluctuations. #firstdealofthenewyearFateema