Profitable 5 Minute Scalping Strategy | Forex

Hi, welcome to my channel Phoenix Fx. In this video, I'm going to show you a profitable 5 minute scalping strategy trading forex. Please like & share my videos. It will inspire me to upload quality content for you. Thank you :)
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What is Scalping?
Scalping is a way to trade currencies on the shortest timeframe charts. It’s a quick and potentially exciting way to trade, that comes with upsides, but also with risks.

Scalping involves making a large number of quick currency trades in a short timeframe with the intention of accumulating a succession of small profits.

While a position trade may last several months or even a year, and a swing trade several days up to a few weeks, a scalping trade’s duration is mere minutes, or even less. This means that scalping traders must always be fully switched on to the chart and be in a position constantly to react to price movements in a timely manner. If a scalping trader is not focused in this way, they may miss potentially profitable setups.

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Note: Always remember to move your stop loss to the entry price and trail your stop loss

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Recommended Books

Forex Trading Bible
https://amzn.to/3Lnxi8h

How to Win Like The Banks
https://amzn.to/3rLwDp6

252 Affirmations For the Forex Trader
https://amzn.to/3sDT5Qe

Naked Forex Trading
https://amzn.to/3GOg3t4

My Camera
Canon EOS M50 Mark II (Black)
https://amzn.to/3Bj6P

⚠️ DISCLAIMER:
Trading the foreign exchange market carries high risk and may not be suitable for all
investors. Trading on margin and utilizing leverage can carry an even higher level of risk that
can lead to a complete loss of investment funds. Before deciding to trade the foreign
exchange market, you should carefully and diligently consider your personal investment
objectives, level of experience, and risk appetite. Because a possibility exists that you could
potentially sustain significant loss, you should NOT invest or trade any capital that you
cannot afford to lose. It is your responsibility to be aware of and understand all risks
associated with foreign exchange trading, and to seek professional advice from an
independent certified financial advisor if you have any doubts.
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