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What is fast forex scalping?

EdenStrategies
forex_trader_[1996705]
Mar 03 at 10:52
18 posts
Gleywilleyy posted:
ele020 posted:
PensionPay posted:
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.

Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping

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.



Correct

EdenStrategies
forex_trader_[1996705]
Mar 03 at 11:50
18 posts
ele020 posted:
PensionPay posted:
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.

Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping

Yes, i scalp huge profits and low stops

EdenStrategies
forex_trader_[1996705]
Mar 03 at 11:52
18 posts
Ericdier752 posted:
PensionPay posted:
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.

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.

And being experience makes it more fun, you can whatapps me from my whatsapp number on my profile.

gildlef
Mar 03 at 12:30
27 posts
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.

rosellemunsays
Mar 04 at 11:12
27 posts
I generally use trailing stop loss while using the trend following strategy. This helps in reaping substantial gains that make up for the losses I have already experienced because of the range-bound security.

Josuvaphilip
Mar 04 at 12:25
27 posts
harrymartinez posted:
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.

All brokers offer the same things. But they are not all good in all the features they offer. Some brokers are good with their trading platforms while others are good with their commissions. You have to check what you need the most and make your choice accordingly.

Marshshaun
Mar 05 at 05:07
31 posts
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.

Mikehussey
Mar 05 at 06:43
58 posts
Marshshaun posted:
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.

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.

williamhayes
Mar 06 at 05:22
39 posts
What I believe is that every strategy requires some hard work and practice. No one is born an expert isn’t it.

joastdaffy
Mar 06 at 10:52
24 posts
Marshshaun posted:
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.

That’s correct! In order to learn how to scalp, a person should at least have a good understanding of trading higher time frames. I might try scalping some time soon and for now I’m thinking about continuing practising and improving on some demos with xtb and fxview. Need to be prepared for scalping if I’m getting serious about it. Might have to take a course or two as well.

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