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How To Scalp in a Volatile Market?
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[QUOTE="King bell, post: 345004, member: 75687"] In a highly changeable and violent market, scalping can be challenging but following certain strategies may improve one’s chances of success. For instance, it is necessary to know the market conditions as well as current trends and news of any kind that can influence price developments. You must keep an eye on the market analysis and news sources for you to find out where the trades are. Plan prior to trading by laying down specific points of entry exit strategy, price objectives and stop loss orders. The use of technical indicators like Moving Averages, Bollinger bands, RSI and Stochastic Oscillators can help identify trends and fluctuations. Watch your trades closely by exiting them as soon as possible if necessary while at the same time reducing position via stop-loss orders and even decreasing size does help in managing risk too. Preventing impulsive decisions requires keeping emotions under control. Consistency in following through on your trade plan is important for successful scalping. [/QUOTE]
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How To Scalp in a Volatile Market?
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