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.
Mar 16 2021 at 11:49
Hearing this term for the first timee.
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.
Mar 18 2021 at 07:10
Raywilkins665 posted:That’s so true! After trading constantly for some time, I decided to scalp. That’s when I realized that it requires a lot more than just sitting in front of the computer. Many times, I needed to react very quickly without getting enough time to analyze my moves. There’s literally no time to think. Over months of scalping, I even learnt to put a stop before the sl value was reached. This even when it moved against me so much as two or three pips.
I don’t think scalping is for everybody. It is risky and you should have the right temperament to make it work for you. You must be able to sit in front of your computer for the entire session while intensely concentrating on everything that is happening. Sometimes, you may not even be able to take your eye off the ball.
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.
Mar 23 2021 at 04:48
Are there any rules I need to follow for a long entry?
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?
Mar 23 2021 at 09:44
phillipgriffin posted:I use a stochastic indicator and when it’s below the overbought condition, that’s when I know it's a long entry.
Are there any rules I need to follow for a long entry?
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 25 2021 at 11:05
In forex slow but steady approach can problem a lot of profit compared to other business. The problem with people that they want aggressive profit. They want to make money very quick.
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.
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.
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.
Mar 31 2021 at 13:34
Scalping is not for newbie. It requires a lot of skills and experience. When a newbie tries to scalp he ends up doing overtrading. It's the story of every new trader.
Apr 01 2021 at 04:02
DawnDanny posted:That makes sense and it doesn’t matter what broker you choose as long as they have decent conditions and spreads. I’ve used several tight spread brokers and they have been fine so far. You should not settle for a single platform in my view and keep looking at multiple brokers offering favourable conditions.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.
Apr 01 2021 at 06:05
the success of scalping depends on your money management ,
so its more important to make sure first of all the approach how to manage money when trading in practical.
so its more important to make sure first of all the approach how to manage money when trading in practical.
Apr 01 2021 at 09:20
LyudmilLukanov posted:
Scalping is a short time trading strategy that requires only a couple of minutes to trade. They execute several trades for small pips in each trade.
I agree with this comment.
Because I am a trader of this type as well.
To be added is... In pressing the order or sell order, I choose to click on buy or sell at 'Before resistance or support line' of the Time Frames 30M, H1, H4 is important.
And placing an order for a profit of 5-10 pips only
