XTB, one of the world’s largest forex & CFD trading brokers, this week announced it had launched a series of video tutorials – including ‘How to Scalp the DAX’ – to help teach its clients about current market trends in 2019 and how to employ a range of different technical strategies.
Totalling 11 videos, the tutorials range from beginner to more advanced strategies and are all located within the award-winning xStation platform where clients can already access a wealth of video trading tutorials from some of the world’s leading traders including Kathy Lien and Jack Schwager.
The first video on How to Scalp the DAX is available to view above – if you’d like access to the full suite of video strategies for 2019 you can sign up for free here.
What is scalping?
Scalping is a particular trading strategy focused around taking advantage of extremely minor price moves in the market. In this strategy, a trader essentially believes that it is easier to trade small price moves more frequently than big price moves less frequently. There is also the added benefit that when trading shorter price moves, there is less of your account size at risk so from a risk management perspective some traders may find this easier to manage. In scalping, a trader could look to place between handful or hundreds of trades a day depending on their goals and seeking to ‘scalp’ a handful of pips per trade.
So for example, if they were to buy EURUSD at 1.1350 then the trader is seeking to close the trade for profit as soon as prices hit 1.1352 or slightly higher i.e. capturing the small pip movement in their favour. Alternatively, if the price were to fall, they would aim to close the trade out at around 1.1348 for a small pip loss.
As well as the scalping DAX video, the full guide also includes a range of different technical analysis strategies, including:
- Three categories of analysis: Trend trading, Geometry, and Price Action
- Three levels of experience: beginner, intermediate and advanced
- Learn how to trade using Ichimoku Clouds, Fibonacci retracements, fractals and much more
- Donchian, Gatley Pattern, Bollinger Bands also included
- Fundamental data releases are covered as well: learn how to trade big announcements like oil inventories and interest rates
Download the full guide of videos by clicking here: https://en.xtb.com/video-strategy-guide.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with XTB Limited. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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