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Scalping is a popular trading strategy that involves making quick trades to take advantage of small price movements in the market. It is a technique often used by day traders who want to make multiple small profits throughout the day. In this article, we will explore two easy scalping trading strategies that can be implemented by traders.
The first strategy involves using a moving average crossover to determine when to enter and exit trades. A moving average is a trend-following indicator that smooths out price data by calculating the average price over a specific period. In this strategy, we will use two moving averages: a shorter one and a longer one.
To implement this strategy, follow these steps:
The second strategy involves using Bollinger Bands to determine when to enter and exit trades. Bollinger Bands are volatility indicators that consist of a middle band (typically a 20-day moving average) and two outer bands that are calculated using the standard deviation of price data.
To implement this strategy, follow these steps:
It is important to note that these strategies are just examples and may not work in all market conditions. Traders should backtest and adjust these strategies to fit their own trading style and risk tolerance.