What is fast forex scalping?
Mitglied seit Nov 07, 2020
25 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
37 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 :)
lovefortrading (perryjohn765)
Mitglied seit Sep 12, 2017
238 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
869 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
327 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
298 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.
lovefortrading (perryjohn765)
Mitglied seit Sep 12, 2017
238 Posts
Feb 04, 2021 at 06:33
Ericdier752 posted:it depends. it can be 15. for me its 1 and 5. sometimes i quickly enter and exit for that i generally see the 1 and 5mins..it works for me
I was kind of wondering why are 15 minute time frames the least favourite of scalpers? Wouldn’t it be easier to read M15 charts on the contrary?
Mitglied seit Oct 01, 2020
37 Posts
Feb 04, 2021 at 06:58
Ericdier752 posted:I use 15 minute charts and I have seen it giving me more profits than the smaller frames. I generally see a pips movement of 12-15 and the least I have seen is 7. Obviously this is less compared to mad changes in swing and intraday but scalping is all about squeezing maximum profits out of a small time range. Key is to spot trading opportunities.
I was kind of wondering why are 15 minute time frames the least favourite of scalpers? Wouldn’t it be easier to read M15 charts on the contrary?
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 19, 2020
21 Posts
Feb 04, 2021 at 11:42
Darrensmith posted:Yes when you trade will prove to be extremely critical in scalping. And also the spreads that you get. Should not exceed 30% of your income. That’s why it’s best to go for zero spread accounts.Ericdier752 posted:I use 15 minute charts and I have seen it giving me more profits than the smaller frames. I generally see a pips movement of 12-15 and the least I have seen is 7. Obviously this is less compared to mad changes in swing and intraday but scalping is all about squeezing maximum profits out of a small time range. Key is to spot trading opportunities.
I was kind of wondering why are 15 minute time frames the least favourite of scalpers? Wouldn’t it be easier to read M15 charts on the contrary?
Mitglied seit Nov 17, 2020
23 Posts
Feb 05, 2021 at 08:05
Ericdier752 posted:IG, FXCM, IB, Fxview, Oanda. Ensure that you trade when markets are very active because scalping is all about trading volume. And with spreads less than 1 you can make good profits.tracepharikson55 posted:Can you suggest any?Darrensmith posted:Yes when you trade will prove to be extremely critical in scalping. And also the spreads that you get. Should not exceed 30% of your income. That’s why it’s best to go for zero spread accounts.Ericdier752 posted:I use 15 minute charts and I have seen it giving me more profits than the smaller frames. I generally see a pips movement of 12-15 and the least I have seen is 7. Obviously this is less compared to mad changes in swing and intraday but scalping is all about squeezing maximum profits out of a small time range. Key is to spot trading opportunities.
I was kind of wondering why are 15 minute time frames the least favourite of scalpers? Wouldn’t it be easier to read M15 charts on the contrary?
Mitglied seit Oct 01, 2020
37 Posts
Feb 06, 2021 at 05:55
deborahbennett posted:Yes! When you trade is very critical in scalping! Stable markets won’t fetch you anything!Ericdier752 posted:IG, FXCM, IB, Fxview, Oanda. Ensure that you trade when markets are very active because scalping is all about trading volume. And with spreads less than 1 you can make good profits.tracepharikson55 posted:Can you suggest any?Darrensmith posted:Yes when you trade will prove to be extremely critical in scalping. And also the spreads that you get. Should not exceed 30% of your income. That’s why it’s best to go for zero spread accounts.Ericdier752 posted:I use 15 minute charts and I have seen it giving me more profits than the smaller frames. I generally see a pips movement of 12-15 and the least I have seen is 7. Obviously this is less compared to mad changes in swing and intraday but scalping is all about squeezing maximum profits out of a small time range. Key is to spot trading opportunities.
I was kind of wondering why are 15 minute time frames the least favourite of scalpers? Wouldn’t it be easier to read M15 charts on the contrary?
yana hansen (78678676)
Mitglied seit Oct 16, 2020
137 Posts
Feb 06, 2021 at 08:05
forextrader777 posted:That's right. I've never heard of it too.
Scalping itself means that you are making quick profits by taking short positions. There is nothing like quick scalping.
Mitglied seit Nov 07, 2020
25 Posts
Feb 08, 2021 at 08:19
tracepharikson55 posted:Broker choice is a major factor in trading, especially scalping where you enter multiple positions in which you enter and exit fast.Darrensmith posted:Yes when you trade will prove to be extremely critical in scalping. And also the spreads that you get. Should not exceed 30% of your income. That’s why it’s best to go for zero spread accounts.Ericdier752 posted:I use 15 minute charts and I have seen it giving me more profits than the smaller frames. I generally see a pips movement of 12-15 and the least I have seen is 7. Obviously this is less compared to mad changes in swing and intraday but scalping is all about squeezing maximum profits out of a small time range. Key is to spot trading opportunities.
I was kind of wondering why are 15 minute time frames the least favourite of scalpers? Wouldn’t it be easier to read M15 charts on the contrary?
Mitglied seit Nov 17, 2020
24 Posts
Feb 10, 2021 at 03:49
I have been demo trading with Cityindex, Fxview and Etrade for a month now and just on the verge of going live. The $500 that I invested with them (virtual) has grown to $3682. This mostly because of 0 to 0.7 pips that I got as spreads for most of my trades. Will it be same even in live account?
Mitglied seit Oct 01, 2020
37 Posts
Feb 10, 2021 at 04:13
illscarce874 posted:You make me laugh so bad, dude, you’re not gonna multiply your wealth in such short span when you trade live
I have been demo trading with Cityindex, Fxview and Etrade for a month now and just on the verge of going live. The $500 that I invested with them (virtual) has grown to $3682. This mostly because of 0 to 0.7 pips that I got as spreads for most of my trades. Will it be same even in live account?
