12.1 What Exactly is Scalping? – QUIZ

1. Which of the following is true about scalping? *

Some Forex pairs are good for Scalping whilst others are not suitable at all

Not all trading strategies are suitable for scalping

Scalping means faster execution and a smaller number of pips taken on each trade

All of the above

2. Which trader is probably a scalper? *

A trader with a 7-pip profit target

A trader using hourly charts for execution

A trader with a 50-pip profit target

A trade who leaves his trades to run for several hours

3. Which trader is probably a scalper (part 2)? *

John, who took 3 trades this week

Sarah, who took 15 trades in a single day

Yasmin, who has held her current trade open for six weeks

Peter, who likes watching the markets butwon’t trade

4. Do you have to control risk if you are a scalper? *

No,because your profits are guaranteed

No,because your profits arrive very quickly

Yes,all traders must control their risk

Sometimes,if you are not sure about a trade hitting a profit target

5. What time frame would a scalper normally use? *

Weekly

A trader that looks at the last 5 years of data

A trader that executes from the 1-minute chart

Only the 4-hour charts

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