Profit $100 Per Hour with the 1-Minute SCALPING STRATEGY using a BUY/SELL Indicator

The Best Scalping Strategy for Making Money with Trading

In this video, the presenter introduces a scalping strategy for making money with trading. Scalping is a short-term trading strategy that allows traders to profit from small price movements. The presenter explains how to use this strategy on the BuyBit platform and provides step-by-step instructions on opening trades and setting stop losses. Additionally, the presenter demonstrates how to use TradingView to analyze price movements and identify entry and exit points. This article will provide a comprehensive overview of the scalping strategy, including detailed instructions and insights for traders.

Creating a BuyBit Account

To begin using the scalping strategy, traders need to create a BuyBit account. The presenter recommends BuyBit for executing trades and explains the process of creating an account. Traders are encouraged to click the link provided in the video description and follow the steps to create an account. The presenter highlights that new users can receive up to $30,000 in bonus with their initial deposit.

Executing Trades on BuyBit

Once the BuyBit account is set up, traders can navigate to the derivatives section and select the trading pair they want to trade. The presenter mentions that they usually trade bitcoin and ethereum but notes that traders can choose any available trading pair. Traders are then guided through the process of selecting the order type, entering trade details, and choosing leverage. The presenter emphasizes the importance of using a moderate leverage to manage risk effectively. After confirming the order details, traders can execute their trades.

The Scalping Strategy

The presenter introduces the scalping strategy as a short-term trading approach that aims to profit from frequent small price movements. Traders are advised to use TradingView, a popular charting platform, to analyze price movements and identify trading opportunities. The presenter demonstrates how to select the trading pair and recommends using a one-minute timeframe for scalping. Traders are then guided through the process of adding indicators to the chart, including linear regression candles, UTBot alerts, and STC (Stochastic) indicator. These indicators help traders confirm entry and exit points for their trades.

Entering Long and Short Positions

The presenter explains the conditions for entering long and short positions using the scalping strategy. For a long position, traders need to see a green linear regression candle close above the white line, receive a buy signal from the UTBot alerts indicator, and have the STC indicator colored green. Once these conditions are met, traders can enter a long position on BuyBit. The presenter advises setting a stop loss below the white line and exiting the trade when a red linear regression candle closes below the white line.

Conversely, for a short position, traders need to see a red linear regression candle close below the white line, receive a sell signal from the UTBot alerts indicator, and have the STC indicator colored red. Traders can enter a short position on BuyBit and set a stop loss just above the white line. The presenter highlights the importance of following these conditions to avoid false signals and maximize profitability.

Frequently Asked Questions

1. What is scalping in trading?

Scalping is a short-term trading strategy where traders aim to profit from small price movements. Traders enter and exit trades quickly, often within minutes, to take advantage of short-term market fluctuations.

2. Why is scalping considered a profitable strategy?

Scalping can be profitable because it allows traders to make frequent trades and take advantage of small price movements. By executing multiple trades, traders can accumulate profits over time.

3. What is the recommended leverage for scalping?

It is recommended to use a moderate leverage for scalping, such as 10 to 15x. High leverage increases the risk of losses, so it is important to manage leverage carefully.

4. How can I set a stop loss on BuyBit?

To set a stop loss on BuyBit, traders can place an order with a stop loss price below the entry price for long positions and above the entry price for short positions. This helps limit potential losses if the market moves against the trade.

5. Can I use the scalping strategy for any trading pair?

Yes, the scalping strategy can be applied to any trading pair. However, it is important to analyze the price movements and indicators specific to the chosen trading pair to make informed trading decisions.

In conclusion, the scalping strategy presented in the video provides traders with a method to profit from short-term price movements. By following the step-by-step instructions and using the recommended indicators on BuyBit and TradingView, traders can increase their chances of success in scalping. It is important to remember to manage risk effectively by using appropriate leverage and setting stop losses. With practice and experience, traders can refine their scalping skills and potentially achieve consistent profits in the cryptocurrency market.