Mar 01 2021 at 08:25
ele020 posted:Using both I think would require a certain kind of skill and expertise, don’t you think?Ericdier752 posted: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.bax699 posted:How would trailing stops make a difference here? Are they better to use than fixed stops?
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
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.
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 06:57
@Mike I never use brokers that are not regulated by many financial authorities for that very reason.
Mar 03 2021 at 07:11
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.
Mar 03 2021 at 07:15
Ericdier752 posted:They are basically stop loss to avoid the losses in case the trading is not going the way you want it to be.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.
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.
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.
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.
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
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.
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.
Mar 04 2021 at 11:12
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.
Mar 04 2021 at 12:25
harrymartinez posted: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.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.
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.
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.
Mar 06 2021 at 10:52
Marshshaun posted: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.
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.
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.
Mar 08 2021 at 08:31
The best part of the forex strategy is money management –make sure every time you trade , you don’t risk more than 2-3% of you account otherwise you will break your account pretty soon. I learned that lesson from my own experience.
