Rating: Empty Star Empty Star Empty Star Empty Star Empty Star
scalping is risky ?
Previous 1 2 3 4 5 6 7 8 .. 23 Next
pipsmaster1

Member Since Dec 19, 2016  1 posts pipsmaster1 Apr 05 2018 at 07:54
Admoni posted:
I have seen according to my trading experience the newcomers always looking for scalping strategy that brings profit in a short time than others techniques , but scalping sometimes causes a great losses if you don’t make sure lowest trading spreads. So for scalping first of all please make sure most comfortable trading spreads.


me either. I lost $500 for scalping

Wingandprayer

Member Since Mar 27, 2018  10 posts Wingandprayer Apr 06 2018 at 12:09
I would count yourself lucky some people lose thousands from scalping

TraderRon

Member Since Mar 22, 2017  14 posts Ronnie Best (TraderRon) Apr 06 2018 at 12:10
Scalping should work only with a good conditions from broker. Fast processing, good spreads. But more often, brokers don't provide good rules for all parameters, so scalping becomes risky.

mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Apr 08 2018 at 06:11
TraderRon posted:
Scalping should work only with a good conditions from broker. Fast processing, good spreads. But more often, brokers don't provide good rules for all parameters, so scalping becomes risky.


Also, I know that some brokers directly ban scalping in their terms and conditions, so one should always check for that before singing up.

ocheank

Member Since Mar 10, 2017  4 posts Ooi Chean Keong (ocheank) Apr 08 2018 at 06:16
TraderRon posted:
Scalping should work only with a good conditions from broker. Fast processing, good spreads. But more often, brokers don't provide good rules for all parameters, so scalping becomes risky.


I am using OANDA for scalping - avg spread is 1.4 pip.
So far so good - probably my lot size is small.

Protect Capital
AmDiab

Member Since Apr 18, 2017  538 posts AmDiab Apr 08 2018 at 06:39
Wingandprayer posted:
I would count yourself lucky some people lose thousands from scalping


Listen, without proper trading knowledge no one can make money here, whatever trading style he is using that doesn’t mean much.

TraderRon

Member Since Mar 22, 2017  14 posts Ronnie Best (TraderRon) Apr 09 2018 at 09:59
ocheank posted:
TraderRon posted:
Scalping should work only with a good conditions from broker. Fast processing, good spreads. But more often, brokers don't provide good rules for all parameters, so scalping becomes risky.


I am using OANDA for scalping - avg spread is 1.4 pip.
So far so good - probably my lot size is small.

Looks good. Thanks or the info

TraderRon

Member Since Mar 22, 2017  14 posts Ronnie Best (TraderRon) Apr 09 2018 at 09:59
mlawson71 posted:
TraderRon posted:
Scalping should work only with a good conditions from broker. Fast processing, good spreads. But more often, brokers don't provide good rules for all parameters, so scalping becomes risky.


Also, I know that some brokers directly ban scalping in their terms and conditions, so one should always check for that before singing up.
Sometimes, it can be. Each nice trader should inspect and learn as much as one can before using broker.

Chachingggg

Member Since Apr 09, 2018  12 posts Chachingggg Apr 09 2018 at 10:06
How can you make any money scalping with 1.4 pip spread. That's a huge spread.

ocheank

Member Since Mar 10, 2017  4 posts Ooi Chean Keong (ocheank) Apr 09 2018 at 13:44
Chachingggg posted:
How can you make any money scalping with 1.4 pip spread. That's a huge spread.


I think 1.4 pip spread is quite low among the brokers. I have tried few brokers and seem like OANDA is the lowest. Spread for ECN account might be lower than 1 pip, but they normally charge 1 pip for each open position.

I follow Forex-made-E-Z strategy to scalp. I have traded my real account for few months before I started to make some profit.

Protect Capital
Previous 1 2 3 4 5 6 7 8 .. 23 Next
Commonwealth Bank Manufacturing PMI (14h 6min)
Saudi ForeignMin: If attack launched fro...(33 min ago)
EURUSD 1.1019 GBPUSD 1.24675
USDJPY 107.551 USDCAD 1.32646

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2019 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.