Trying to trade Forex without a strategy is like driving across the country without a map. You may navigate your way through well enough, but be prepared for a bumpy ride.
For all intents and purposes, Forex strategy is like a business plan. When traders use strategies, they are mainly looking for consistency and flexibility.
Among the numerous trading strategies, scalping stands out as one of the most popular. It is often regarded as a beginner-friendly strategy that does not require years of market experience.
The principle behind scalping is to make a lot of small trades. Individually, they yield insignificant profit; but the higher their number, the bigger the overall result.
Scalping also has different subtypes, each with its own advantages. One of these subtypes we’re going to discuss here is called Corona.
Check the full infographic to learn more about Forex strategies, scalping, Corona and how to apply it all to your everyday trading.