I tried scalping once but I ended up chasing my losses. Not a good way to trade as a noob. To much emotion involved
JamDay posted:
I tried scalping once but I ended up chasing my losses. Not a good way to trade as a noob. To much emotion involved
That means; you need to work with your emotion first; I guess you tried in demo, isn’t?
Jun 24 2019 at 06:06
JamDay posted:
I tried scalping once but I ended up chasing my losses. Not a good way to trade as a noob. To much emotion involved
emotions and Forex not compatible. if you feel big stress during opened positions - better do not trade forex at all
Scalping only good if you have strategy that always afret entry show you SL/TP = 70% / 30% at less in case SL = TP in PIPS
Its called Quality of Signal
apple1st posted:JamDay posted:
I tried scalping once but I ended up chasing my losses. Not a good way to trade as a noob. To much emotion involved
emotions and Forex not compatible. if you feel big stress during opened positions - better do not trade forex at all
Scalping only good if you have strategy that always afret entry show you SL/TP = 70% / 30% at less in case SL = TP in PIPS
Its called Quality of Signal
I agree! Forex is all about mental game; so having a healthy mental condition is very crucial.
each strategy has its advantages and disadvantages, its risks and its profitability objectives. Each trader must choose the strategy or strategies that best suit their needs, depending on multiple factors.
Jun 25 2019 at 08:00
sambrown posted:
each strategy has its advantages and disadvantages, its risks and its profitability objectives. Each trader must choose the strategy or strategies that best suit their needs, depending on multiple factors.
Correct and for me; Price Action is the best choice because; it works on all kind of trading pairs including crypto.
Scalping is like any other trading and risky too just like any other so without proper knowledge it is difficult. For scalping,,one needs good calculation of risk ,Stop loss as market prices and spreads fluctuates within seconds. Scalping can go wrong because it doesn’t typically use Risk-Reward ratio. Scalping seems fun when you’re winning but as soon as you start losing its not fun anymore. Most of the traders will eat up most of their capital before they call the experiment a failure. Overall,it is not a viable trading method.
Patrick1981 posted:
yeah but you need a massive stop loss with long term trading
It is a general saying that “you can try to scalp the forex market but eventually it well scalp you” Scalping is fun as long you are winning, but once you start losing its not fun anymore. So the amount of losses that one can suffer from scalping can be really frightening.
Scalping is not recommended for beginners. Most novices do not have the required account size to benefit from scalping.
Jul 22 2019 at 10:25
no more risky than any other
Jul 23 2019 at 13:40
jamesgwyther posted:
no more risky than any other
Even trading Forex is risky as well! So, which trading style you are using? Long term only?
Jul 23 2019 at 14:00
Adribaasmet posted:jamesgwyther posted:
no more risky than any other
Even trading Forex is risky as well! So, which trading style you are using? Long term only?
I do daily for analysis, 4 hr for entries
Jul 23 2019 at 21:06
Scalping is not riskier than other trading styles, it is just more time consuming and need more attention and proper discipline to implement.
Jul 23 2019 at 21:47
I think it is more risky because you cannot do an appropiate and complete analysis about the market, besides you have to cover more comissions in your account and fight with the spread and volatility more than other types of investment.
Greetings!
Greetings!
Jul 24 2019 at 05:03
if more people start make scalping - it will kill trend strategies ... price become more hunting stoplosses (for people who use stoplosses will be no profit) .
scalping only good if you have 100% quality entry because scalping means mm big lots with short SL . Scalping also can kill your acc if quality of your entry for some reason go down (market can stay in flat or can show nonretrace moove but your system or ind tell you trade opposite direction)
scalping only good if you have 100% quality entry because scalping means mm big lots with short SL . Scalping also can kill your acc if quality of your entry for some reason go down (market can stay in flat or can show nonretrace moove but your system or ind tell you trade opposite direction)
i find scalping very risky. one of my friend is a scalper, so i got excited and decided to try myself, well the results weren't as good as i thought they would be, so left scalping for good. but nonetheless, everyone has their own way of trading and some traders do find scalping profitable.
scalping has a huge transaction cost, reducing the winning results in the long run.
See more at: https://sinvest.vn/stop-loss-la-gi-va-cach-dat-stop-loss/
See more at: https://sinvest.vn/stop-loss-la-gi-va-cach-dat-stop-loss/
Jul 25 2019 at 12:39
Minhthang2603 posted:
scalping has a huge transaction cost, reducing the winning results in the long run.
See more at: https://sinvest.vn/stop-loss-la-gi-va-cach-dat-stop-loss/
thanks will take a look
Scalping has huge transaction costs indeed. That's true. This make totally necessary to trade with the lowest possible cost broker, sometimes even cheaper than that. It is however the only trading strategy which if applied properly can produce up to 95% win rate, which can be good for people who want immediate gratification of trading. No other trading style can give you result in a matter of seconds or few minutes. Other important thing, scalping doesn't affect trend following strategies. It doesn't have any overnight exposure it can affect only small scale intra-day fluctuations and that's it. Most scalpers don't keep trades open for longer than an hour. If the trade is not working properly they kill it.
Nikolas88 posted:
Scalping has huge transaction costs indeed. That's true. This make totally necessary to trade with the lowest possible cost broker, sometimes even cheaper than that. It is however the only trading strategy which if applied properly can produce up to 95% win rate, which can be good for people who want immediate gratification of trading. No other trading style can give you result in a matter of seconds or few minutes. Other important thing, scalping doesn't affect trend following strategies. It doesn't have any overnight exposure it can affect only small scale intra-day fluctuations and that's it. Most scalpers don't keep trades open for longer than an hour. If the trade is not working properly they kill it.
If you are using major currency pair and a good Forex broker; then the trading spread will be bearable!
Aug 02 2019 at 11:50
There is a huge risk involved in scalping. I would never recommend scalping strategy to any trader as it only seems to be good when it brings profits. But if, by chance you start incurring losses with scalping, it can end up eating your entire account balance. So be very careful if you use this strategy while trading.
