If you are not able to make a profit in trading, then you must leave. Did you know people also make money on eBay and Facebook, buying an item from one platform and selling it to another with a specific margin? Scalping means to buy an item and sell it with a decent margin. Scalping means to buy and sell items with a certain profit and never keep items for a long time.
There are many scalpers in the crypto world who take advantage of small market fluctuations and make small profits. They are quick when buying and selling coins. They usually perform many trades within 1–15 minutes and make multiple transactions. Most importantly, they always choose those types of trades in which they have excellent profit rates.
Trading indicators
Scalping trading strategies can be made with many indicators, such as RSI, MACD, MA, BOLL, or moving averages.
- First, you should identify the main trend of the market. For example, you can use the slow-moving average to predict the current trend.
- Secondly, use the fast-moving average to learn about the price wave.
- Enter the market at the end of a price correction.
- Sell when you have reached a certain price limit.
In summary, the scalping trading strategy is simple and violent; you need to be quick when using this strategy. Remember, make sure your cost of transaction is not more than the profit you have earned.
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