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Lux algo just released a new Tradingview script called Smart Money Concept. This concept is a fairly new yet widely used amongst price action traders looking to more accurately navigate liquidity & find more optimal points of interest in the market. So in this video I will build a scalping strategy with this indicator that you can use today and make huge profits. I will also backtest it 100 times so that you can see all the important metrics behind it.
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Money Management Video – https://youtu.be/BqHQerc_JV4
Best Trading View Indicators – https://youtu.be/gopb5dB2dBc
Best Volume Indicators – https://youtu.be/frVmV29KQWc
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments.
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Scalping in Trading, Smart Money Concepts: Best Scalping Trading Strategy That 100% Works.
Is forex scalping prohibited?
Such transactions typically take place on the black market. This type of scalping is illegal under certain problems.
Recognizing Foreign Exchange Scalping.
Forex scalpers generally utilize take advantage of, which enables larger setting dimensions, to make sure that a small change in cost amounts to a decent revenue. For instance, a five pip revenue in the EUR/USD on a $10,000 setting (mini lot) is $5, while on a $100,000 placement (standard lot) that five pip motion relates to $50.
Foreign exchange scalping strategies can be hand-operated or automated. A hand-operated system involves an investor resting at the computer display, seeking signals and interpreting whether to purchase or offer. In an automated trading system, programs are made use of to inform the trading software application when to buy and sell based on inputted parameters.
Scalping is popular in the moments after important data launches such as the UNITED STATE work record and also interest rate announcements. This is due to the fact that these sorts of high-impact news releases cause significant rate relocate a short quantity of time. This is ideal for the scalper who intends to get involved in and out of trades promptly. Due to the increased volatility, placement sizes may be reduced to lower threat. While an investor might try to generally make 10 pips on a trade, in the after-effects of a major information announcement they may be able to catch 20 pips or even more, for instance.
The foreign exchange market is big and also liquid; it is thought that technological analysis is a viable strategy for trading in this market. It can likewise be assumed that scalping could be a practical method for the retail forex investor. It is necessary to keep in mind, nonetheless, that the forex scalper generally needs a bigger deposit, to be able to manage the amount leverage she or he have to tackle to make the short and also little trades beneficial.
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