Scalping US Session – Get the Indicator Package FREE!

Published on May 20, 2020

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Scalping US Session - Get the Indicator Package FREE!, Trend Scalper Indicator

Trend Scalper Indicator, Scalping US Session – Get the Indicator Package FREE!.

When should I get foreign exchange?

When you take a look at the table of quotes on Forex, you will see 2 rates before every currency pair: rate to get and rate to sell. The cost to get is always more than the cost to sell. Sell rate is called Quote, and get rate is called Ask. Buy orders are opened at Ask cost and are closed at Quote cost.

Liquidity

As a scalper, you only want to trade one of the most liquid markets. These markets are usually in the major currency sets, such as EUR/USD or USD/JPY. Also, depending upon the currency pair, particular sessions might be a lot more liquid than others. Despite the fact that the foreign exchange markets are trading for 1 day a day, the quantity is not the same in any way times of the day.

Normally, when London opens at around 3 AM EST, quantity picks up as London is the major trading center for foreign exchange trading. At 8 AM EST, New york city opens and contributes to the quantity being traded. Therefore, when 2 of the major foreign exchange facilities are trading, this is usually the best time for liquidity. The Sydney and Tokyo markets are the various other major quantity motorists.

The Bottom Line:

Scalping is very busy. If you like the action and like to concentrate on one- or two-minute graphes, after that Scalping might be for you. If you have the personality to react swiftly and have no compunction in taking very quick losses, not greater than 2 or three pips, after that Scalping might be for you.

But if you like to examine and think through each decision you make, perhaps you are not suited to scalp trading.

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