Scalping Strategy:
Idea: Aims to achieve small, repeated profits by entering and exiting trades at a very fast pace (within minutes or seconds) to take advantage of small price fluctuations.
How to apply:
Use very short time frames (like 1-5 minutes).
Identify strong support and resistance areas.
Use technical indicators such as the Relative Strength Index (RSI) and Moving Averages to determine entry and exit points.
Maintain a very strict Stop-Loss to avoid large losses.
Advantages: The possibility of achieving quick profits and reducing exposure to long-term market risks.
Risks: Requires high concentration, quick decision-making, and relatively large capital to achieve tangible profits from small trades, and losses can accumulate quickly if strict risk management is not applied