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What is fast forex scalping?

inspirenez
Feb 12 2021 at 08:21
59 posts
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.
inspirenez
Feb 12 2021 at 08:22
59 posts
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.
Sar John (Sarjohn)
Feb 12 2021 at 09:26
187 posts
Scalping is itself a way of taking profits from small price change. not sure if there is something like fast forex scalping. Use the smallest time frame and high leverage for scalping.
Mikehussey
Feb 15 2021 at 06:24
58 posts
inspirenez posted:
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.
Exactly my point!
salamibrish
Feb 16 2021 at 10:34
28 posts
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!
constancewatts
Feb 17 2021 at 04:15
15 posts
salamibrish posted:
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!
Do you think the broker you use makes any diff?
salamibrish
Feb 19 2021 at 03:45
28 posts
@constancewatts I don’t think so! If I use fxview for swing trading instead of IB, my profits wion't be any different.
Ramierez
Feb 19 2021 at 12:37
32 posts
I do not think there is something as fast forex scalping because scalping is a quick way to earn profits, and it is only done for a few minutes.
Scarymaniak
Feb 19 2021 at 13:14
28 posts
It’s alway about the trading plan that is used, broker is a very minute part of it.
Ericdier752
Feb 22 2021 at 08:07
59 posts
Sarjohn posted:
Scalping is itself a way of taking profits from small price change. not sure if there is something like fast forex scalping. Use the smallest time frame and high leverage for scalping.
What’s the strategy you use? If you don’t mind sharing that is
Lee Baxter (bax699)
Feb 22 2021 at 18:35
29 posts
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
SofieAndreasen
Feb 22 2021 at 23:13
759 posts
bax699 posted:
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
Traders need low spreads and fast execution speed for this kind of trading strategy.
richardmarcus
Feb 23 2021 at 04:49
104 posts
Ericdier752 posted:
I am new to trading. About to initiate scalping. Is there a thing called quick scalping?
What do you recommend?
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.
williamhayes
Feb 23 2021 at 05:04
39 posts
salamibrish posted:
@constancewatts I don’t think so! If I use fxview for swing trading instead of IB, my profits wion't be any different.
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.
harrymartinez
Feb 23 2021 at 06:49
21 posts
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.
Elena Triston (ele020)
Feb 23 2021 at 07:06
219 posts
harrymartinez posted:
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.
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?
The more your practice, the more you learn.
williamhayes
Feb 24 2021 at 03:53
39 posts
Harry! All cars can take you from A to B, but some might be able to do so in 3 minutes while some under a minute. You know what I mean, there ARE differences. Some broker platforms will give you technical glitches, hard time in order execution, hide stuff, there are so many things.
harrymartinez
Feb 24 2021 at 05:51
21 posts
williamhayes posted:
Harry! All cars can take you from A to B, but some might be able to do so in 3 minutes while some under a minute. You know what I mean, there ARE differences. Some broker platforms will give you technical glitches, hard time in order execution, hide stuff, there are so many things.
That’s why I said “in the same league” I found no noticeable changes in cmc markets, fxview or etoro.
Ericdier752
Feb 24 2021 at 07:09
59 posts
bax699 posted:
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
How would trailing stops make a difference here? Are they better to use than fixed stops?
Elena Triston (ele020)
Feb 24 2021 at 07:17
219 posts
Ericdier752 posted:
bax699 posted:
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
How would trailing stops make a difference here? Are they better to use than fixed stops?
trailing stop loss allows you to kind of book your profit. But for this to happen, first the price needs to earn the pips defined for the trailing stop loss, once it triggered your position will never close at loss. However, if the trailing stop loss level didn't hit at all, and the price moves against your trade your position will remain open and keep on adding the losses until you close it yourself. So that best way is, you can place trailing stop loss and stop loss both.
The more your practice, the more you learn.
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