Scalping (or scalp trading) is a commonly used short-term trading strategy. As a matter of fact, it’s one of the most common day trading strategies out there. It involves shorter time horizons, quick decision-making, and a good chunk of technical analysis and charting tools. As a result, many professional day traders allocate a portion of their trading account for scalping.
As scalp trading strategies can work in many different financial markets, scalpers are active in the stock market, Forex trading, and cryptocurrency.
If you’re completely new to trading, make sure to check out A Complete Guide to Cryptocurrency Trading for Beginners. In that article, we explain everything you need to know about trading. Once you’re familiar with the different trading strategies out there, you can come back to this article and learn more about scalping.
Let’s go through what you need to know about scalping cryptocurrency and learn about some of the most common scalping strategies.