How To Manage Lots For Scalping

There are some essential knowledge that traders must understand in forex trading, one of which is the lot. Lot in forex trading means the number of currency units traded. There are several types of lots in forex, judging by their sizes, ranging from standard, mini and micro lots. Understanding what forex is in trading and how to calculate it can help maximize investment returns. In addition, understanding the advantages and disadvantages of each lot can help traders determine strategies and streamline broker commission costs.

Scalping is a trading strategy on a low time frame (1 minute-15 minutes) with the aim of getting quick profits. Usually scalpers don't chase too large profits, only around 5-15 pips in each transaction. Regardless of the margin and profit target, scalping on low time frames always provokes controversy. In order to be able to carry out scalping techniques properly, traders also need to pay attention to many things.

In general, in several strategies other than scalping, most forex traders will leave positions open for quite a long time between several hours to several days, weeks, or even more than that, the goal is for traders to get big profits, between 20 up to 1000 pips. Whereas in scalping trading, traders will not find this because scalpers will usually take small profits that traders can get in just a matter of minutes, and this is done in succession until they reach the desired daily profit target.

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