US Forex Brokers Allowing Scalping
Forex scalping strategy is a practice considered too intense by several forex brokers. Some of them regard the method as something that may disrupt their system and thus limiting or even prohibiting it in certain conditions.
Usually, US forex brokers are not left out from the prohibitions of certain strategies due to regulatory restrictions. But it seems that scalping is not one of them. If you want to trade in a US-based forex broker with scalping-friendly conditions, here are some recommendations.
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- If the indicators are all tangled together, that means the market is in a trading range.
- If the 9 and 21 EMAs are crossing and then separating, that means it is a trending market.
- If the faster moving average starts to pull away from the others, then there is momentum to enter the market.
- If all of the indicators are lining up, then there is a strong trend going on.
Continue Reading at How to Use 3 EMA Lines for Scalping
First, avoid the ranging market. It won't bring you anything but frustration. Second, don't hold an open position for too long. In case you use the M1 time frame, close the trade in three to five minutes to avoid price reversals.
Continue Reading at Easy Forex Scalping Strategy
You can use 34 EMA as part of a breakout trading strategy, which is suitable for scalping because it can point the direction of the trend. If you combine it with trend lines, you are going to be able to enter trades based on counter-trend opportunities.
For the time frame, you can choose between 1-minute, 5-minute, or 15-minute chart. Major or cross currency pairs that involve EUR, USD, GBP, and JPY are recommended.
Continue Reading at Forex Moving Average Strategy for Scalping
In this case, the candlestick chart takes the role of "trading indicator" by itself. To emulate them, you'll need to equip yourselves with all the necessary knowledge related to candlesticks. It is also crucial to understand the basics of popular one-candle, two-candle, and three-candle patterns, including but not limited to Doji, Hammer, Shooting Star, Three Black Crows, and Morning/Evening Star.
Continue Reading at Which Indicator is Best for Scalping?