How to get profits from Forex Scalping Strategy?

The need to make big money is the driving factor for several Forex players. Its immense liquidity has created grounds for making good money! No reward comes easy, there's always a catch. In foreign exchange, it's the risk. Currency trading markets are terribly volatile, and predicting the price movement is no child's play. To give a better grip over market movements and clarity pertaining to the action needed, strategies are devised and implemented. One of the reasons traders absolutely love Forex, is the flexibility in strategizing. From day trading plans, to scalping, to position trading - you can choose the one that best suits!
 

What is Scalping in Forex?

 

Profits from Forex Scalping Strategy

 

Scalping is a short-term, fast-paced Forex trading strategy. In this, traders work on a timeframe of a few seconds to a few minutes, and capture minute market movements. Scalping traders have to work consistently, throughout the day, to see significant profits. The key point to note is that along with the timeframes, even the profits made are very small. To ensure a day's session pays off, scalpers trade continuously, thereby generating consistent smaller profits, which ultimately add up to a good sum!
 

Why Scalping is a Tremendous Strategy?

 

1) Better Profits: Typically you might think a scalper works with small numbers and hence the profit made when markets close, is trivial. This is a huge misconception! Done right, any trading strategy will yield well. Scalping is no different. Compared to position trading, the profits made are much better, bigger and faster!
 

2) Don't Have To Wait: There is no trend here to be caught. Market movements may be erratic in Forex, but they follow a recurring pattern. Traders rely on this heavily, to make profitable entries. Scalpers however, have no such restriction! Working on such a small timeframe, means there is no need to wait for a trend to begin. The market is always moving and there are plenty small growths to capitalize on!
 

3) Fast-paced: You come, you see, you conquer! With a Forex scalping strategy in play, you won't have to spend hours staring at screens and analyzing price movements. Scalpers work for a maximum of a few minutes, before they move on to the next trade!
 

4) Dynamic Environment: The monotone aura surrounding long-term trades is one which you will never find here. Scalpers enjoy an incredibly energetic work style, by trading on a small timeframe and making continuous profits.
 

Of the several to avail, Forex scalping strategies prove to be the best! When implemented right, you can make profits on a consistent note. Want to know the secret behind crafting a killer trade plan? Call WesternFX today and hire our expert brokers. Your trading career will skyrocket, and you will achieve success in no time!

3 Reasons Why You Need A Trading Plan in Forex 2018

With such huge amounts involved, it is no new fact that Forex trading requires precision and experience to win at. The world of foreign exchange has limitless potential for profits and an abyss of risks. To tread through these risks and get your hands of a good winning requires an impeccable strategy. Trading strategies lie at the heart of Forex. Without them, you will be walking aimlessly and bumping into one too many risks!
 

With a well-devised trading plan, you will minimize losses and maximize profits at the same time. Here's why you need one: 

Know Why You Need a Trading Plan!

1) Keeping Emotions Under Control: You might think the market is responsible for your downfall, but it is often your own emotions that do the pushing. On a good day when you're making the most profitable calls, you're bound to go the extra mile for some more money! Similarly, one bad trade can push you to continue trading, to make up for lost capital. With a Forex trading strategy in place, you will have strict guidelines on when and when not to make a move; by letting yourself be governed by a trading plan, you can ensure over-trading doesn't happen. Trade plans give you a goal to achieve and the means to do so, without hindering.
 

2) Keeping Market Movements In Mind: When you trade without any guidance, you are unaware of various aspects - your goal, the risks involved, capital needed, and protection from losses. By treading blind, you're subjected to a plethora of troubles. Stock markets & Forex can be lucrative on one day and scary on the next. Market movements are difficult to predict precisely. However, when you employ a Forex trading strategy, you get an idea of potential points the market will graze before rising or falling. Using this information, you can refine your approach.
 

3) Analytic Measures: Trading without analysis is gambling. What makes Forex and other ventures a sophisticated approach is the need to research and analyze the markets. When factors like politics and economy affect the market, you never know when it will take a dip. Through fundamental and technical analysis, it becomes easier to speculate, place risk-management measures, since you're equipped with all market-related information.
 

Bearing in mind the various risks Forex has, being braced by a strategy is the best way to enter its chaotic environment. Once you have mastered the art of devising strategies, there's not much to stop you from winning! Call WesternFX today and get yourself the best brokerage. With us by your side, you will dominate Forex trading in India.

Complete Classifications of Indian Stock Market 2018

Stocks are present in abundance. In the highly volatile and extensive market of equities, thorough knowledge of each stock is necessary! Investing huge sums on a stock with no returns can be disastrous. To avoid this confusion faced by share traders, stock exchange classification exists. It is the process of grouping stocks together under categories like size, exchange compliance, liquidity, etc. The seven types of stocks can be grouped under A, B, T, S, TS, and Z; any stock not belonging to these are kept with others.
 

Stocks can be classified based on the following factors:
 

Indian Stock Market Classifications

1) Liquidity (A): The Bombay Stock Exchange (BSE) sees profitable stocks, as well as mediocre ones. Those that carry high levels of liquidity are classified under A. These shares check all the boxes - size, liquid, name them; and are traded in higher volume when compared to others.
 

2) Trade to Trade (T): Trades in the T group are individual; traders buying these shares have to pay the sum by T+2 days. These stocks are periodically moved depending on their market demands.
 

3) Small-medium Stocks (S): BSE's Indonext segment houses smaller companies. S group shares fall under this segment. As the name suggests, they are smaller-sized and have lower liquidity.
 

4) TS Groups: With stocks in the Indonext segment, TS groups represent a behavior which combines T and S classifications.
 

5) Hazardous (Z): The shares in this group mean bad news. They haven't met trader demands and have failed at redressing complaints. Additionally, the lack of information on these makes it hard to speculate on while forex trading! Z category shares carry the highest risks when compared to others.
 

6) Unnoticed (B): These stocks are the ones left out by other groups. However, they do get settled under the rolling system on normal values.
 

7) Others: Financial assets that don't fall under the above mentioned categories are classified under "others".
 

Along with these, based on market capitalization and other factors, two more groups called LB (Securities Lending and Borrowing), market cap stocks are provided. Market stocks are further divided into large, mid and small caps based on the capitalization of companies.
 

Stock exchange can be plenty confusing to a beginner, but with enough experience, you can work your way up to profits! Equities provide one of the most lucrative grounds for traders. Want to conquer the stock market? Avail the world-class brokerage of WesternFX. Our brokers have years of experience dealing with shares and will equip you with the unparalleled knowledge to dominate your ventures. Call us today to know more.