What is meant by a crypto scalping trading technique?
The crypto scalping trading technique is a strategy that can help crypto traders to be able to make profits in a short period.
In this technique, the distance can be only a few minutes or hours!
Hello! Back again with Fay at Indodax Academy!
In this video, Fay wants to discuss crypto scalping trading techniques!
The scalping technique is a strategy that can help traders make profits in the short term.
Scalping is almost similar to day trading. However, scalping is usually done using large capital.
A scalper is a term for traders who use this technique.
Scalpers will take advantage of small movements of certain commodities to make profits.
Apart from that, scalpers are also not influenced by news or fundamental analysis because, usually, scalpers already have their technical patterns, which have various indicators.
Some of the indicators that scalpers usually use
The moving average is the easiest indicator and is often used by scalpers.
Almost all trading platforms have this indicator, you know! Because the way this indicator works is easy, especially for novice traders.
Scalpers only need to determine the time frame for trading, then place several moving average combination lines. But remember, test it before you start!
The stochastic indicator has a slightly different way of working from other indicators.
Scalpers generally only use this indicator to complement other indicators that are combined in one system.
Professional traders usually advise beginners to combine this indicator with other indicators, such as moving averages and Bollinger bands.
For scalpers, this one indicator has a low time frame, and many traders also use Bollinger bands as indicators.
Even though this indicator is quite effective for use in ranging or sideways markets, the results will be different when prices are trending.
Until now, this scalping technique is still often debated about its advantages and disadvantages. Because you need careful calculations so you can stay caught up, but you can learn more about the fundamental side of an asset.
How? Are you interested in trying this scalping technique? See you in another interesting video! Bye!