Today in the Forex in the Morning chat, I had a question about “scalping” and how that fits into a trader’s strategy.
Ah, not an easy question when trying to categorize what market trend “scalping” fits into but it is a style that many traders employ so in this video I explain what it is and what environment it is best suited for!
There are four strategies I use. Three are “core” strategies and one is “aggro” or aggressive. Momentum, Swing, and Trend Reversal strategies are “core” while Distribution Fades (playing inside a wide trading range) is aggro.
The bottom line however is that underlying market psychology or market trend dictates which I will even consider.
Enjoy the video, it runs for about seven minutes.
Questions? Comments. Leave ’em here at the blog!
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