What is fast forex scalping?
Member Since Sep 30, 2020
58 posts
Mar 12, 2021 at 07:00
antonyhollinwooe posted:I feel the same way. Some traders don’t understand that if they do not do things according to the plan, they will lose money and sometimes the amount can be huge.
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 Jul 01, 2020
28 posts
Mar 12, 2021 at 12:03
Forex scalping can give you good results but you need to have a good experience in scalp trading, else you know how you might land up.
Member Since Nov 07, 2020
15 posts
Mar 13, 2021 at 09:51
@Gingerrogers it’s not just about experience. One cannot ignore the fact that a good broker is must for scalp trading. You might be having every knowledge of scalping but what are you going to do, if the broker only does not give you those features that are imperative for scalping such as tight spreads, fast order execution.
Member Since Nov 24, 2020
33 posts
Mar 15, 2021 at 05:03
I want to try scalping but I have set my foot in day trading and now I am scared to try any other method.
Mar 16, 2021 at 08:21
Ericdier752 posted:Yes it is fast and sometimes I have faced the wrong signals but not always, but it is ok your analysis can’t be correct every time.Sarjohn posted:Because it’s fast? But doesn’t that also lead to a lot of false signals?!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.
Mar 16, 2021 at 09:26
As you are planning to scalp, I am sure that you already know that you will have to keep yourself updated with the current news. You might also have to take the risk of trading the latest or future events that are expected to trigger price movements. I also scalp with robinhood sometimes and watch the high and low price movements to gauge the direction over the short-term.
Mar 16, 2021 at 09:36
josejames posted:Along with all the factors you mentioned, one should also be careful for the spreads which definitely widen during news releases.
As you are planning to scalp, I am sure that you already know that you will have to keep yourself updated with the current news. You might also have to take the risk of trading the latest or future events that are expected to trigger price movements. I also scalp with robinhood sometimes and watch the high and low price movements to gauge the direction over the short-term.
The more your practice, the more you learn.
Member Since Jan 11, 2019
147 posts
Mar 16, 2021 at 11:49
Hearing this term for the first timee.
Member Since Oct 07, 2020
104 posts
Mar 17, 2021 at 05:28
Gracewilson1995 posted:Forex scalping is a trading style used by forex traders to buy or sell a currency pair and then hold it for a short period of time in an attempt to make a profit. A forex scalper looks to make a large number of trades, taking advantage of the small price movements which are common throughout the day.
Hearing this term for the first timee.
Member Since Oct 29, 2020
53 posts
Mar 19, 2021 at 05:29
When you are trying to become a scalper, you will be required to have very good, reliable access to the market makers. You will also need a trading platform that allows you to buy and sell currency pairs quickly and easily, because the execution may take place in a fraction of a second.
Mar 22, 2021 at 08:09
Ericdier752 posted:Hahaha that’s true.. Forex is a very unpredictable market so everybody should be prepared for losses and for incorrect outcomes of your analysis work too.Sarjohn posted:True! If only there was a tool that worked 100% every time, that itself would have cost a million dollars :)Ericdier752 posted:Yes it is fast and sometimes I have faced the wrong signals but not always, but it is ok your analysis can’t be correct every time.Sarjohn posted:Because it’s fast? But doesn’t that also lead to a lot of false signals?!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.
Member Since Nov 24, 2020
33 posts
Mar 23, 2021 at 04:48
Are there any rules I need to follow for a long entry?
Member Since Oct 07, 2020
104 posts
Mar 23, 2021 at 08:52
phillipgriffin posted:just some basic trading knowledge
Are there any rules I need to follow for a long entry?
Member Since Nov 11, 2020
34 posts
Mar 24, 2021 at 11:20
I didn’t know scalping work only in the busiest market hours. The wider spreads and slippage literally ate up my profits.
Mar 26, 2021 at 09:26
Kylealker87 posted:Always go with a low spread broker if you want to scalp. I never take chances with spreads no matter what strategy I’m using.
I didn’t know scalping work only in the busiest market hours. The wider spreads and slippage literally ate up my profits.
Member Since Jul 20, 2020
399 posts
Mar 27, 2021 at 14:32
Davidtaylorr posted:
I’ve heard people going after quick profits but I’ve not heard of quick scalping anywhere. Maybe you got the hint from fast profits or something.
Yeah me too scalping by nature is quick so all are within a short space of time.
Member Since Aug 27, 2017
994 posts
Mar 28, 2021 at 13:47
scalping contains huge risk than others , but in spite of having good knowledge the result from scalping can be useless if there is no money management , so we have to emphasis on this first of all.
