Forex Scalping Indicators

One of the most important functions of financial markets, including the foreign exchange market, is the redistribution of money. Through the purchase/sale of stocks, precious metals, and currency, money passes from person to person, from company to company. Thus, in a market economy, a certain balance is naturally achieved, and an equilibrium is established. The inflow or outflow of money is called cash flow.

As the Wall Street classics say, successful trading is the art of reading market sentiment in order to accurately predict future price direction and move in the trend. The forex market also fits into this concept.

The hourly time frame is one of the most popular time frames for forex trading. Even when you open a Meta Trader terminal, all of the charts are initially started on this very time frame. Hourly time frames accurately show global market trends, unlike lower intervals. It can be used for scalping trades, testing various intraday strategies, and searching for confirmation signals for market entry in time frames M30 and M15. We will consider the rules of this time frame in greater detail, as well as the appropriate indicators and strategies for it and the correct ways to analyze the chart.

In the trading world, scalping strategies are commonplace. Scalping, in general, is a style of trading that focuses on the use of tiny price movements in trading currency pairs, CDFs, and other highly volatile assets, which implies placing lots of trades in the minimum time and benefiting from small price fluctuations.