What is fast forex scalping?
Member Since Sep 30, 2020
58 posts
Mar 02, 2021 at 13:33
harrymartinez posted:Also let’s not forget some will just end up scamming you straight.williamhayes posted:That’s why I said “in the same league” I found no noticeable changes in cmc markets, fxview or etoro.
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.
forex_trader_1996705
Member Since Nov 12, 2020
18 posts
Mar 02, 2021 at 15:16
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.
Mar 03, 2021 at 07:16
PensionPay posted:Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.
The more your practice, the more you learn.
forex_trader_1996705
Member Since Nov 12, 2020
18 posts
Mar 03, 2021 at 07:25
Ericdier752 posted:PensionPay posted:What are the indicators that you are using for entry / exit? I would like to know more about your strategy if you don’t mind sharing, thanks.
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.
Stoploss and exiting market when needed, parabolic sars,mcd and rsi. Those indicators allow me to identify trends. And don't forget to use broker this is not bucket shop, i have a client her broker have refused her to withdraw because $3700 initial deposit was turned to $63,000 in 7 weeks, we are battling that now, i checked out and saw they are bucketshop broker, and im very mad.
They are saying she could only take her initital and halfbof the profits. Please always check broker before you open with them.
Member Since Jun 30, 2020
47 posts
Mar 03, 2021 at 09:42
ele020 posted:You are absolutely right. With the increase in price, trailing stops also get dragged with it. But when the price stops at one point, the new stop loss price remains at the price it was dragged to. This automatically protects the downside and locks in the profits as the price reaches new highs.PensionPay posted:Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.
forex_trader_1996705
Member Since Nov 12, 2020
18 posts
Mar 03, 2021 at 10:52
Gleywilleyy posted:ele020 posted:You are absolutely right. With the increase in price, trailing stops also get dragged with it. But when the price stops at one point, the new stop loss price remains at the price it was dragged to. This automatically protects the downside and locks in the profits as the price reaches new highs.PensionPay posted:Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.
Correct
forex_trader_1996705
Member Since Nov 12, 2020
18 posts
Mar 03, 2021 at 11:50
ele020 posted:Yes, i scalp huge profits and low stopsPensionPay posted:Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.
forex_trader_1996705
Member Since Nov 12, 2020
18 posts
Mar 03, 2021 at 11:52
Ericdier752 posted:PensionPay posted:What are the indicators that you are using for entry / exit? I would like to know more about your strategy if you don’t mind sharing, thanks.
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.
And being experience makes it more fun, you can whatapps me from my whatsapp number on my profile.
Mar 03, 2021 at 12:30
The best part about using trailing stops in combination with stop loss is that each upward price tick means further minimizing potential losses. In the beginning, I refrained from using trailing stops while trading with XTB. But after knowing that it can make a significant improvement in my profits, I started using it with stop loss with my new broker fxview. Turned out to be a good decision with added protection.
Member Since Sep 30, 2020
58 posts
Mar 05, 2021 at 06:43
Marshshaun posted:I will not advise you to go for scalping if you are not 100% sure about how to make your way through it. It is not as simple as it looks so better be prepared for it.
It’s true that scalping gets you quick profits. But I am not sure about the specific term, “quick scalping”. If you are thinking about scalping, as a beginner, you can go for the one-minute scalping strategy. All you have to do is open a position, make a few pips, and close the position shortly afterward.
Member Since Jul 09, 2020
39 posts
Mar 06, 2021 at 05:22
What I believe is that every strategy requires some hard work and practice. No one is born an expert isn’t it.
Member Since Oct 01, 2020
37 posts
Mar 08, 2021 at 04:17
williamhayes posted:Yes but some strategies require a certain skill and they might not work so well for a beginner. Like scalping for instance, it requires a trader to have a very good idea about the entry and exit.
What I believe is that every strategy requires some hard work and practice. No one is born an expert isn’t it.
Member Since Jul 10, 2020
34 posts
Mar 08, 2021 at 11:55
Scalping does take some time and effort to perfect a strategy and not all traders are willing to put in so much effort at first.
Member Since Nov 24, 2020
28 posts
Mar 09, 2021 at 10:34
Darrensmith posted:No doubt having an exit strategy is so important. Who’d deny one large loss can nullify the small gains, which a trader worked hard to put in the bank.williamhayes posted:Yes but some strategies require a certain skill and they might not work so well for a beginner. Like scalping for instance, it requires a trader to have a very good idea about the entry and exit.
What I believe is that every strategy requires some hard work and practice. No one is born an expert isn’t it.
Member Since Sep 30, 2020
58 posts
Mar 10, 2021 at 05:44
That’s where the tools come into play to save the day. Live feed, direct access to the broker and aptitude to place loads of trades are requisites to trade successfully.
Mar 10, 2021 at 08:21
Ericdier752 posted:I use Moving average and RSI strategy. And what strategy do you use?Sarjohn posted:What’s the strategy you use? If you don’t mind sharing that is
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.
Mar 11, 2021 at 11:37
Ericdier752 posted:I feel exponential moving average is way better.Sarjohn posted:I have been using both RSI and MACD so far. With moving average I don’t know which is better - simple or exponentialEricdier752 posted:I use Moving average and RSI strategy. And what strategy do you use?Sarjohn posted:What’s the strategy you use? If you don’t mind sharing that is
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.
