Scalping strategy in India | Binany trading platform Scalping strategy in India | Binany trading platform

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Scalping strategy in India

By Raj Kumar Prasad - January 18, 2023

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There are many strategies that will help you get started with your trading. And yet, do not forget about the risks, no one is immune from losses.

Speaking of this strategy, it will suit users who tend to enter and close trades in a short period of time. The scalping strategy focuses on making small, quick profitable trades and is not based on quality.

Before embarking on an options scalping strategy, you should study the information and try it out for a start with a small investment.

What is scalping?

To understand the meaning of this strategy, let’s analyze its indicators.

  • EMA – an exponential moving average that uses fresh data for a certain number of sessions to display the closing price of a stock. Most often, traders enter trades when the price is above the EMA. Short – when the EMA is below.
  • WPR (Williams Percent Rang) – an indicator used to analyze stocks and determine whether they are overbought. It is presented as a range of numbers from 0 to 100, where 20 is an oversold stock that is mature for a long position, and more than 80, on the contrary, is mature for a short position.
  • “Candlestick pattern” – an indicator for detecting reversals in trends.

Knowing these indicators, let’s analyze the stock scalping strategy:

To get started, solve the following tasks: When to trade and what? entry points. When to take profit?

If we talk about intraday scalping, it is possible only on assets with high volatility. The Forex market, large companies with a multi-billion dollar capitalization, and the commodity market are well suited here. Futures contracts perform well in this tactic.

A futures contract is nothing more than an agreement to buy/sell a specified commodity in the future. The price for such a futures contract is registered immediately at the time of the deal agreement. What’s the point of this? Such an option allows the scalper to buy or sell a futures contract at a specified price in the future.

It should be remembered:

  • the best period for trading is the period of maximum activity of other trading participants
  • if it concerns Forex, European and American sessions are the best time for transactions, but you cannot trade 20/30 minutes before and after the release of strong news.

What is scalping trading strategy? There are two main types: discretionary and mechanical.

Discretionary – intuition in a team with non-obvious sets of signals. Mechanical – systemic strategies, entry points will be clearly dictated by the rules.

  1. Rollback after the impulse. Use the commodity channel indicator – conditionally delimit the oversold and overbought zones, the indicator line will break through these zones in exceptional cases. When to sell – a breakdown of the maximum zone from the bottom up. Buy – breakdown of the lows from top to bottom.
  2. Simple EMA + WPR. A signal to buy – the WPR line touched -95, the chart remains on the moving average for just a few points. For selling conditions, the opposite is true – the chart is under the EMA, and WPR is testing the level -5.

Where to use the scalping strategy?

Speaking about the purchase and sale of cryptocurrencies, you should to mention the Binany website. What is the Binany trading platform?

Here you can earn on trading cryptocurrency (all popular currencies are available, including bitcoin), fiat currency, stocks. It is the best platform to trade cryptocurrency in india.

  • GEO – India, Bangladesh, Malaysia, Indonesia, Thailand, Vietnam, Pakistan, Ghana, South Africa, Nigeria, Brazil, Chile, Mexico.
  • Year of foundation – 2019
  • Languages ​​- English
  • Currency – Indian rupee (INR), taka (BDT).
  • Deposit/withdrawal methods – Perfect Money, PayPall, Neteller, Skrill
  • Product type – stock, currency, crypto, binary options trading
  • Application – Binany app for android
  • Bonuses – +100% on the first deposit
  • Support – chat, mail – support@binany.com, 24/7 support in 10 languages ​​(Russian, English, German, Turkish, French, Indian, Chinese, Vietnamese, Thai, Portuguese) for all users of the site.

How do options work? Let’s explore binany reviews.

An option is a derivative asset, its price depends on the value of the underlying shares. Based on this, trading has a high risk as well as profitability.

On your lucky day, a 1% increase in the underlying stock could equal a 5% increase in your entire options portfolio. Unfortunately, the situation can be reversed as well. Due to the high risk, investors are not always ready to invest all their funds in options for fear of incurring unexpected losses.

Where there is risk, there is always profit. Where there is profit, there is always risk. Before you start making a profit (up to 90% of the transaction amount), you need to know that every risk, like every income, is fixed in advance.

As mentioned earlier, closing a deal is one of the easiest and most affordable ways to make money. The minimum stake (in other words, the amount of the transaction) on Binany.com is 30 rupees. And the minimum deposit amount is 300 rupees.

What’s the point of this process?

First you need to make a deal. We choose the expiration time (that is, the option closing time) and wait for the end of precious seconds. The platform will check if you made a correct prediction, and if it turns out to be correct, then you will receive a profit of up to 90% of the invested amount.

Binary options are a relatively new financial instrument with which a trader can trade precious metals and oil or currency pairs (liquid goods). Simply put, this is a bet with two possible options: a correct forecast and a profit, or a wrong forecast and a loss of investment.

Popular currency pairs to trade on binany1.com:

  • The currency pair in the binary options industry is a common asset among binary traders.
  • GBP/USD is the ratio of the British pound to the US dollar. Sufficiently high volatility and frequent breakouts of levels
  • EUR/JPY OTC – the ratio of the euro to the Japanese yen. This couple is unpredictable.
  • USD/JPY OTC – the ratio of the US dollar to the Japanese yen
  • NZD/CAD – ratio of the New Zealand dollar to the Canadian dollar
  • GBP/USD OTC – the ratio of the British pound to the US dollar. One of the hottest on the market
  • GBP/NZD is the ratio of the British pound to the New Zealand dollar. This pair is popular mainly among experienced Binany traders.
  • If you are looking for the top scalping strategies, go to the binany platform and you will love it.

Scalping strategy for cryptocurrency

In a world with rapidly developing technologies and great opportunities, you can find any information and become knowledgeable in any field.

If you are determined to succeed with this strategy, be patient and study the cryptocurrency scalping strategy in detail.

Perhaps over time, having developed your skills, you will be able to choose your best crypto scalping strategy, but first master the basics.

  1. Watch for trading signals or so-called indicators. Which will allow you to enter and exit the market on time.
  2. Be careful not to follow false signals – the price never breaks the moving average EMA, it neutralizes false indicators.
  3. Join the trend in any direction, i.e. if there is a strong momentum in any direction, there is a clear trend, a retracement of the previous trend, the possibility of entering at 20 moving averages
  4. Efficiently execute orders, since the transactions of this strategy require a quick decision.

Raj Kumar Prasad

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