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What is fast forex scalping?
Mitglied seit Nov 07, 2020
19 Posts
Feb 03, 2021 at 04:55
Remember to look at 3 important things:
Small profit margins
Short positions
High leverage
And forget about 15 minute time frames. Use only 1 and 5 min
Small profit margins
Short positions
High leverage
And forget about 15 minute time frames. Use only 1 and 5 min
Mitglied seit Oct 01, 2020
27 Posts
Feb 03, 2021 at 06:27
Scalping is in essence quick. So I don’t know if there is a separate kind of scalping that I am not aware of :)
Mitglied seit Sep 12, 2017
232 Posts
Feb 03, 2021 at 07:04
not sure what you exactly mean by that. scalping means entering and exiting the market quickly with small profits.
Mitglied seit Jul 23, 2020
816 Posts
Feb 03, 2021 at 07:33
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.
Mitglied seit Jun 26, 2020
323 Posts
Feb 03, 2021 at 07:54
we the traders should choose the broker which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the broker which allows trading concept such as this. its a very dedicated decision.
Mitglied seit Jul 20, 2020
286 Posts
Feb 04, 2021 at 01:53
It doesn't matter what strategy you use. But you can't put pressure on the investment. That's how you need to create your trading plan.
Feb 04, 2021 at 10:10
Pin bar is really popular but not for beginners, it is especially for the senior traders who are able to predict the real faction of this market with certainly by means of candlestick. According to me , who are able to make profit consistency by using this pin bar trading strategy , only they are professional in Forex.
Mitglied seit Nov 07, 2020
19 Posts
Feb 11, 2021 at 08:10
I also think that newbies should not be using leverage to amplify their earnings. Even if the earnings are less, a profitable trade should be the goal rather than the amount of money earned.
Mitglied seit Nov 03, 2020
63 Posts
Feb 11, 2021 at 08:12
Until a beginner understands everything and is confident in his abilities, it makes no sense to use leverage.
Mitglied seit Oct 01, 2020
27 Posts
Feb 12, 2021 at 05:34
Halexpark899 posted:
I also think that newbies should not be using leverage to amplify their earnings. Even if the earnings are less, a profitable trade should be the goal rather than the amount of money earned.
I agree with this. Newbies should really focus on improving their strategies and trading.
Mitglied seit Jun 15, 2020
46 Posts
Feb 12, 2021 at 08:21
For scalping, make sure you have access to the market through a reliable source. When you’re looking for a broker, make the necessary inquiries and go over the broker agreement properly. Since I’ve been using so many brokers like Xm, Pepperstone, Fxview, etc., I know how careful one has to be while picking a broker. Since you are planning to scalp, I suggest you must try the broker platform and practice for an idea.
Mitglied seit Jun 15, 2020
46 Posts
Feb 12, 2021 at 08:22
Mike, I agree with you and as a scalper I can say that it took me quite some time to learn the various aspects of it. I was hesitant to begin with it at first since I’ve heard people say that it is just for beginners but once you get to the learning part, it gets interesting. Have to keep working for it.
Mitglied seit Jul 23, 2020
696 Posts
Feb 22, 2021 at 23:13
bax699 posted:
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
Traders need low spreads and fast execution speed for this kind of trading strategy.
