Everyone who has tried scalping at least once knows that it is very hard and tense work, which requires the ability to make decisions in a split second. The potential profit is quite attractive, but the risks are considerable as well. Therefore, risk management is an important part of planning trading activity for a scalper.

A few recommendations on risk management, which can be useful:

Working with a reliable forex broker that offers tight spreads and prompt execution of orders. This will help avoid slippage and get better prices on trades;

Mandatory use of stop-loss orders, which will help protect capital. Scalping is a volatile strategy, movements and prices can be very unpredictable. A stop-loss order limits a trader's losses if the market turns against him;

Not to exceed your possibilities - when a trader scalps, he is betting that the market will go in his favor. But no one can know that for sure. Therefore, it is wise not to bet more than the trader can afford to lose;

It's necessary to be mentally prepared for the fact that certain losses are normal. It concerns all: both experienced traders and beginners. The market cannot always move according to the scalper's scenario. It is important to realize and accept the probability of losses. The goal is to make more profitable trades than loss-making ones, which will lead to success over time.

In addition to all of the above, it is necessary to stick to your trading plan clearly and not let emotions take over rationality and reason.

Who is suitable for the 1-minute scalping strategy?

The strategy of 1-minute scalping is best suited for traders who have enough time to devote to watching the monitors and waiting for a chance for profit. Waiting for the right opportunity requires patience and discipline because it is necessary to stick to the trading strategy.

The main reason why one-minute scalping is not suitable for all is the greed for easy money and the absent-mindedness of some traders. Such features do not let them profit and only lose. One-minute scalping will also be an ideal strategy for those who are comfortable making fast decisions and keeping calm in the fast-changing market.

If unhurriedness, the desire to analyze everything thoroughly, and to think over everything long and hard before making every step are the main traits of a trader's character, there is no sense to choose a one-minute scalping strategy. The strategy will be ideal for Forex market participants who are quite happy with a little ambiguity and the need to make a split-second decision.

Also, if you want to use all available trading tools to increase your capital as soon as possible - follow this link below, or contact us via live chat. Our experts will help you to choose the best strategy for success.