What is fast forex scalping?
Member Since Nov 07, 2020
25 posts
Feb 11, 2021 at 08:10
I also think that newbies should not be using leverage to amplify their earnings. Even if the earnings are less, a profitable trade should be the goal rather than the amount of money earned.
Member Since Nov 03, 2020
65 posts
Feb 11, 2021 at 08:12
Until a beginner understands everything and is confident in his abilities, it makes no sense to use leverage.
Member Since Oct 01, 2020
37 posts
Feb 12, 2021 at 05:34
Halexpark899 posted:I agree with this. Newbies should really focus on improving their strategies and trading.
I also think that newbies should not be using leverage to amplify their earnings. Even if the earnings are less, a profitable trade should be the goal rather than the amount of money earned.
Member Since Sep 30, 2020
58 posts
Feb 12, 2021 at 07:05
I don’t think there are any shortcuts and all to learning a strategy like scalping. It takes a lot of time and hard work to understand how it actually works. Not a child’s play, I’d say.
Member Since Jun 15, 2020
59 posts
Feb 12, 2021 at 08:21
For scalping, make sure you have access to the market through a reliable source. When you’re looking for a broker, make the necessary inquiries and go over the broker agreement properly. Since I’ve been using so many brokers like Xm, Pepperstone, Fxview, etc., I know how careful one has to be while picking a broker. Since you are planning to scalp, I suggest you must try the broker platform and practice for an idea.
Member Since Jun 15, 2020
59 posts
Feb 12, 2021 at 08:22
Mike, I agree with you and as a scalper I can say that it took me quite some time to learn the various aspects of it. I was hesitant to begin with it at first since I’ve heard people say that it is just for beginners but once you get to the learning part, it gets interesting. Have to keep working for it.
Member Since Sep 30, 2020
58 posts
Feb 15, 2021 at 06:24
inspirenez posted:Exactly my point!
Mike, I agree with you and as a scalper I can say that it took me quite some time to learn the various aspects of it. I was hesitant to begin with it at first since I’ve heard people say that it is just for beginners but once you get to the learning part, it gets interesting. Have to keep working for it.
Member Since Nov 24, 2020
28 posts
Feb 16, 2021 at 10:34
The best thing about scalping is that it is indeed “fast”. Fast trading, fast profits, a lot of excitement, and not to forget, the regular profits. It is like a mini saving outlet I have with Fxview because of my scalp profits. With my other trading account that I have with IB, I have to wait for so long (it’s completely automated) to see money trickle in, and the difference in the amount that I get from swing trading and scalping is hardly any big. I am planning on becoming a full time scalper now!
Member Since Nov 23, 2020
15 posts
Feb 17, 2021 at 04:15
salamibrish posted:Do you think the broker you use makes any diff?
The best thing about scalping is that it is indeed “fast”. Fast trading, fast profits, a lot of excitement, and not to forget, the regular profits. It is like a mini saving outlet I have with Fxview because of my scalp profits. With my other trading account that I have with IB, I have to wait for so long (it’s completely automated) to see money trickle in, and the difference in the amount that I get from swing trading and scalping is hardly any big. I am planning on becoming a full time scalper now!
Member Since Nov 24, 2020
28 posts
Feb 19, 2021 at 03:45
@constancewatts I don’t think so! If I use fxview for swing trading instead of IB, my profits wion't be any different.
Member Since Jun 29, 2020
28 posts
Feb 19, 2021 at 13:14
It’s alway about the trading plan that is used, broker is a very minute part of it.
Lee Baxter (bax699)
Member Since Oct 23, 2018
29 posts
Feb 22, 2021 at 18:35
Its all about being in and out of the markets in minutes. Scalpers dont hold trades for a long time unless theyre heavily in profit and have trailing stops
Member Since Jul 23, 2020
759 posts
Feb 22, 2021 at 23:13
bax699 posted:Traders need low spreads and fast execution speed for this kind of trading strategy.
Its all about being in and out of the markets in minutes. Scalpers dont hold trades for a long time unless theyre heavily in profit and have trailing stops
Member Since Oct 07, 2020
104 posts
Feb 23, 2021 at 04:49
Ericdier752 posted:Hi there. You wont be able to generate huge profits with that... less time frames high leverage is what you will need in order to trade.
I am new to trading. About to initiate scalping. Is there a thing called quick scalping?
What do you recommend?
Member Since Jul 09, 2020
39 posts
Feb 23, 2021 at 05:04
salamibrish posted:I think your profits would be marginally more with fxview dude, saying this because of their low trading cost - if I am to believe what I have heard. Lower spreads, commissions, inactivity fees, etc, would definitely account for slightly bigger profits. I saw the change when I switched from FP Markets to FXTM. Both fairly nice brokers in my opinion but lower trading cost of fxtm fared well with me.
@constancewatts I don’t think so! If I use fxview for swing trading instead of IB, my profits wion't be any different.
Elena Triston (ele020)
Member Since Apr 15, 2020
219 posts
Feb 23, 2021 at 07:06
harrymartinez posted:You are right regarding the traders capacity but a broker does play a role tooo... For example, if your broker is charging high spreads how can a trader scalp successfully?
It is a big misconception that one broker is better than the other. The differences if any are very slight in the league of all established brokers. It all comes down to your capability as a trader, to be able to identify good trading opportunities.
The more your practice, the more you learn.
