What is fast forex scalping?
Mitglied seit Nov 07, 2020
25 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
65 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
37 Posts
Feb 12, 2021 at 05:34
Halexpark899 posted:I agree with this. Newbies should really focus on improving their strategies and trading.
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 Sep 30, 2020
58 Posts
Feb 12, 2021 at 07:05
I don’t think there are any shortcuts and all to learning a strategy like scalping. It takes a lot of time and hard work to understand how it actually works. Not a child’s play, I’d say.
Mitglied seit Jun 15, 2020
59 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
59 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 Sep 30, 2020
58 Posts
Feb 15, 2021 at 06:24
inspirenez posted:Exactly my point!
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 Nov 24, 2020
28 Posts
Feb 16, 2021 at 10:34
The best thing about scalping is that it is indeed “fast”. Fast trading, fast profits, a lot of excitement, and not to forget, the regular profits. It is like a mini saving outlet I have with Fxview because of my scalp profits. With my other trading account that I have with IB, I have to wait for so long (it’s completely automated) to see money trickle in, and the difference in the amount that I get from swing trading and scalping is hardly any big. I am planning on becoming a full time scalper now!
Mitglied seit Nov 23, 2020
15 Posts
Feb 17, 2021 at 04:15
salamibrish posted:Do you think the broker you use makes any diff?
The best thing about scalping is that it is indeed “fast”. Fast trading, fast profits, a lot of excitement, and not to forget, the regular profits. It is like a mini saving outlet I have with Fxview because of my scalp profits. With my other trading account that I have with IB, I have to wait for so long (it’s completely automated) to see money trickle in, and the difference in the amount that I get from swing trading and scalping is hardly any big. I am planning on becoming a full time scalper now!
Mitglied seit Nov 24, 2020
28 Posts
Feb 19, 2021 at 03:45
@constancewatts I don’t think so! If I use fxview for swing trading instead of IB, my profits wion't be any different.
Mitglied seit Jun 29, 2020
28 Posts
Feb 19, 2021 at 13:14
It’s alway about the trading plan that is used, broker is a very minute part of it.
Mitglied seit Jul 23, 2020
759 Posts
Feb 22, 2021 at 23:13
bax699 posted:Traders need low spreads and fast execution speed for this kind of trading strategy.
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
Mitglied seit Oct 07, 2020
104 Posts
Feb 23, 2021 at 04:49
Ericdier752 posted:Hi there. You wont be able to generate huge profits with that... less time frames high leverage is what you will need in order to trade.
I am new to trading. About to initiate scalping. Is there a thing called quick scalping?
What do you recommend?
Mitglied seit Jul 09, 2020
39 Posts
Feb 23, 2021 at 05:04
salamibrish posted:I think your profits would be marginally more with fxview dude, saying this because of their low trading cost - if I am to believe what I have heard. Lower spreads, commissions, inactivity fees, etc, would definitely account for slightly bigger profits. I saw the change when I switched from FP Markets to FXTM. Both fairly nice brokers in my opinion but lower trading cost of fxtm fared well with me.
@constancewatts I don’t think so! If I use fxview for swing trading instead of IB, my profits wion't be any different.
Feb 23, 2021 at 07:06
harrymartinez posted:You are right regarding the traders capacity but a broker does play a role tooo... For example, if your broker is charging high spreads how can a trader scalp successfully?
It is a big misconception that one broker is better than the other. The differences if any are very slight in the league of all established brokers. It all comes down to your capability as a trader, to be able to identify good trading opportunities.
The more your practice, the more you learn.
Mitglied seit Jul 09, 2020
39 Posts
Feb 24, 2021 at 03:53
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.
Feb 24, 2021 at 07:17
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
The more your practice, the more you learn.
