# Scalping Was Hard, Until I Discovered This Insane Trading Secret

Published on September 21, 2022

## Important advice and posts top searched Scalper Trader Forex, Scalping Was Hard, Until I Discovered This Insane Trading Secret.

What’s up, ladies and gentlemen. In this video, you will learn why it was so hard for me when I first started scalping the market. Traders usually have a hard time in the beginning, but my trading secret should help you overcome that but only if you follow your rules.

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EMAIL: bigben1187@gmail.com

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Disclaimer:

The information contained in this presentation is solely for educational purposes, and does not constitute investment advice. The risks of trading in securities, Forex, and the futures market can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. The instructor in this video is not responsible for any liabilities arising as a result of your Market involvement or individual trade activities.

Scalper Trader Forex, Scalping Was Hard, Until I Discovered This Insane Trading Secret.

#### How do you review a foreign exchange spread?

In Forex trading, the ‘spread’ describes the difference in between the Buy (or Quote) as well as Sell (or Ask) cost of a money set. For example, if the EUR/USD Quote rate is 1.16909, and the Ask rate is 1.16919, the spread is 1 pip. If the Quote cost is 1.16909 as well as the Ask cost is 1.16949, the spread would certainly be 4 pips.

### What Is a Pip?

Pip means percentage in point and also is the tiniest increment of trade in FX. In the FX market, costs are priced quote to the 4th decimal point. As an example, if a bar of soap in the pharmacy was priced at \$1.20, in the FX market the very same bar of soap would be priced estimate at 1.2000. The adjustment in that 4th decimal point is called 1 pip as well as is usually equal to 1/100th of 1%. Among the significant currencies, the only exemption to that policy is the Japanese yen. One dollar is worth about 100 Japanese yen; so, in the USD/JPY set, the quote is only secured to two decimal points (i.e., to 1/100th of yen, rather than 1/1000th with other major currencies).

#### Every self-control has its lingo, and the money market is no different. Below are some terms that a seasoned money investor must recognize:

• Pound sterling: nicknames for the GBP.
• Dollar: nicknames for the U.S. dollar.
• Swissie: label for the Swiss franc.
• Aussie: nickname for the Australian buck.
• Kiwi: label for the New Zealand dollar.
• Loonie, the little dollar: labels for the Canadian dollar.
• Figure: FX term indicating a round number such as 1.2000.
• Lawn: a billion systems, as in “I marketed a couple of yards of sterling.”.

#### Final Words:

Currency exchange rate constantly put on the price of one money relative to one more. The order in which both are detailed (USD/CAD versus CAD/USD) matters. Keep in mind the first currency is always equal to one device and the second money is how much of that second money it takes to purchase one unit of the initial money. From there you can compute your conversion needs. Financial institutions will certainly markup the price of money to compensate themselves for the solution. Shopping around might save you some money as some companies will have a smaller markup, about the market currency exchange rate, than others.

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