Retail traders joins the Forex (foreign exchange market) to make a loss or profit. They invest money depending on the current market price of monetary exchange. The approach to the market is different as it depends on the trader’s personality. Depending on these strategies, we can classic the major strategies in four major class. In this article, we are going to learn about these prominent strategies from the scratch.
Scalping is the shortest strategy in terms of timing. The trader mainly trades on the price hike on the monetary exchange sites. Scalper’s primary goal is to earn a profit by completing small sessions. Their focus is to change in major currency pairs because of high demand. Such as EURUSD, USDJPY, GBPUSD.
As scalpers trade in small sessions, the spread is also high. The reason is straightforward. They enter the … Read the rest