“ Scalping is defined as where a trader makes multiple short term trades in order to gain from the smallest of pip movements which put together gives a considerable profit for the trader Source: Binary options reviews uk
Disadvantages of scalping in binaryoptions trading
• Choose your asset/instrument carefully. One that is highlyliquid• Keep an eye on the binary options broker’s price feed (somebrokers are known to delay quotes by 10 minutes, thus making it easy to manipulate thepricing)•When the instrument is on a rally, choose the time frame (60seconds, 15 minutes works best)• Open two or three trades simultaneously with smallinvestments ($30 - $50)
So how to use scalping strategy in Binary Options?
• Once you enter a trade, you cannot make any changes• If the markets reverse, then you will be seeing some losses•Unlike Forex, you cannot set up stop losses or take profits• If the market goes against you, your only option is to closeyour trade early
Which binary options brokers are best for scalping?
TradeRush.com – They offer 60 second expires which is greatfor scalping.Open Account!Bbinary.com – Offers 60 second scalping and Option Builderto build your own trade set ups.Open Account!Tradesmarter.com – They offer 15 minute expiryOpen Account!
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