Binance scalping

The nickname for traders that employ the scalping strategy is “scalpers.” Scalpers can place anywhere from a few to one hundred-plus trades a day, always attempting to turn a small profit with each individual trade.

The salaries of Scalpers in the US range from $23,830 to $58,720 , with a median salary of $38,250 . The middle 60% of Scalpers makes $38,250, with the top 80% making $58,720.

Scalpers get the best results if their trades are profitable and can be repeated many times over the course of the day. Remember, with one standard lot, the average value of a pip is about $10. So, for every five pips of profit made, the trader can make $50 at a time . Ten times a day, this would equal $500.

Swing trades remain open from a few days to a few weeks (near-term)—sometimes even to months (intermediate-term), but typically lasting only a few days. … Swing Trading. Scalp TradingSwing TradingHolding PeriodA few seconds to minutes, never overnightA few days to weeks, even months at times; most commonly held for few daysScalping vs. Swing Trading: What’s the Difference? – Investopedia www.investopedia.com › Trading Strategies › Swing Trading

Scalping can be very profitable for traders who decide to use it as a primary strategy, or even those who use it to supplement other types of trading . Adhering to the strict exit strategy is the key to making small profits compound into large gains.