What Does Forex Scalping Mean?

 

The practice of initiating and closing several positions on one or more currency pairs during the course of a day, often in a matter of seconds or minutes, is known as scalping in the world of Forex trading. Scalpers will open and close a number of positions during the duration of a trend as opposed to opening one position at the beginning and closing it at the finish.

Forex scalpers want to make a few pip profits at a time, preferring several smaller wins than a few bigger ones. A pip, which stands for a change in price at the fourth decimal place, is a standard unit of measurement for movement in forex trading. For instance, a forex pair’s stated price has dropped by one pip if it goes from 1.3980 to 1.3979. There are certain cases when quotations are given to two decimal places, such as the Japanese yen.

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 EDGE-FOREX

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