Scalping can be tricky, but you can increase your chances of success with the right indicators. Here are some tools you can use to create a killer scalping strategy:
Moving Averages: they can help you identify trends in the market and determine whether a currency pair is moving up or down.
Bollinger Bands: they measure volatility in the market. When the bands are close, the market is quiet, and there is little volatility. When the bands are far apart, it indicates a lot of volatility.
Relative Strength Index: the RSI is used to measure a currency pair's strength. When the RSI is above 70, the asset is overbought; when it's below 30, it is oversold.
Stochastic: it measures the momentum of a currency pair and can help you identify when a currency pair is overbought or oversold.
These are just a few indicators you can use to create an effective scalping strategy. Want to see some more?
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