Do you want to start learning what is scalping trading in crypto and how to do it too, I have made a detailed step-by-step guide on what scalping is, which exchange to choose in Japan to scalp, and of course free courses for scalping trading.
Table of Contents
What is Scalping Trading?
Scalping trading is a form of day trading in which traders open and close positions in very short periods of time, usually minutes or even seconds. The purpose of scalping is to make small profits with frequent frequency and they have the ability to profit both from the rise and from the fall in the market.
At Bybit, scalping trading can be done on various products, including spot pairs, perpetuals, futures contracts and options.
If you are from Japan to be able to start scalping trading you need to register with an exchange that is FSA compliant Bybit is an exchange that meets all the conditions.
How to register with Bybit in Japan
To register with Bybit, follow the steps below:
- Visit the Bybit website https://www.bybit.com/ and click the “Register” button.
- Fill in the required information, including your email, password and Referral Code: 43536
- Select your country of residence and read and accept the Terms and Conditions.
Once you sign up, you will receive one confirmation email to the email address you provided. Click the confirmation link to activate your account.
Once your account is activated, you will be able to deposit money and start trading
Bybit Exchange | Registration Guide & How It Works | Future & Spot [2023]
How to start scalping trading
First you need to start and learn a strategy to follow (here he will find various strategies ). Now to be able to get a transaction you have to go to the category Derivatives > USDT perpetual > and you choose the currency you want and I will protein it for you BTC / USDT.
It will directly put you on the home page and you will have to set them up to get a proper trade. The first thing you need to make is the isolated and to cross, the isolated is a security valve that if, for example, we risk $50, we will lose $50. The cross, if you risk $50, also draws from the balance that your account may have in it.
After choosing isolated, you should also put in the leverage you want, leverage is a process that bybit can lend you money, but if you lose, you lose the money you put in. For example you have $50 in the account if you leverage x3 you multiply the $50 x3 times. (no more than x3 especially at the beginning)
we will select the open category and the market option to bet directly on the trade, at order by cost and we put the money we want
Now here is a very important piece on trading that you should include stop loss and take profit . The risk you should take should be 3% of your account, that is if you have $1000 you should lose $30. And the trades should be with R/R 2, i.e. you lose 1 to get 2. After putting where you want the take profit and the stop loss, you will press Confirm and then you will press open long.
Now if we think the market will go down we will take a position Shorts we will put as I showed you the money in Order by cost. Then you will press Take profit/Stop loss and you will choose Short, you will put take profit and stop loss and you will press Confirm and then you will press open Short.
Here are some key points to remember when scalping trading on Bybit:
- Use a small position size to limit your losses in case you make a mistake.
- Use a stop loss to limit your losses in case the market moves against you.
- Take profit to secure your profits when they reach a certain level.
- Learn to recognize the signs of market exhaustion. If the market shows signs of exhaustion, it is better not to open new positions.
If you are new to scalping trading, it is important to do some research first and practice on a demo account before you start scalping with real money.