Learn about the easiest scalping strategy in forex trading. Use the Elder’s Force Index indicator to enter and exit trades quickly. Set stop loss and profit targets for successful trades. Like, share, and subscribe to Forexlia if you find this strategy useful.

The Easiest Scalping Strategy: Trading with Elders Force Index Indicator

Introduction:
Trading in the forex market has always been an exciting and challenging endeavor. As traders, we are always looking for simple yet effective strategies that could help us make consistent profits. In this article, we will be discussing one of the easiest scalping strategies that you can use to trade the forex market.

The Strategy:
The strategy that we will be discussing involves the use of the Elders Force Index Indicator. This indicator is used to measure the strength of a trend and to identify inflection points where a trend is likely to shift. This is a professional approach to trading that emphasizes the importance of entering trades cautiously but exiting them quickly.

Step 1: Open a USD/CAD in 15 Minute Time Frame

To start using this strategy, you need to open a USD/CAD chart in the 15-minute time frame. This is the time frame that we will be using for our trades.

Step 2: Use Elders Force Index Indicator

The next step is to add the Elders Force Index Indicator to your chart. This indicator is available on most trading platforms, and you can easily add it by searching for it in the indicators option.

Step 3: Change the Settings According to Elders Force Index Indicator

After adding the indicator, you need to change the settings according to Elders Force Index Indicator.

Step 4: Look for the Signal Confirmation

The next step is to look for signal confirmation. If the Elders Force Index Indicator red m a break zero level black line upward, then we take a buy trade. On the other hand, if the Elders Force Index Indicator red m a break zero level black line downward, then we take a sell trade.

Step 5: Place the Trade

After getting the signal confirmation, you need to place the trade. For the buy trade, set the stop loss cantaloupe point and the profit target 1:2. Similarly, for the sell trade, set the stop loss previous high point and the profit target 1:2.

Step 6: Win the Trade

If you followed all the steps correctly, then you should be able to win the trade. This strategy is based on sound trading principles that emphasize the importance of trading with the trend and cutting your losses quickly.

Conclusion:
Trading in the forex market can be a profitable endeavor if you have the right strategy and mindset. The strategy that we discussed in this article is one of the easiest scalping strategies that you can use to trade the forex market. By using the Elders Force Index Indicator, you can identify inflection points where a trend is likely to shift, and enter and exit trades quickly. If you like this strategy, please like and share this article and subscribe to ForexLia for more trading tips and strategies. Happy trading!