Para utilizar el chat, inicie sesión.

What is fast forex scalping?

richardmarcus
Mar 17 at 05:28
posts 104
Gracewilson1995 posted:
Hearing this term for the first timee.

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.

hitterbull
Mar 18 at 07:10
posts 32
Raywilkins665 posted:
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.

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.

unsightlydray
Mar 19 at 05:29
posts 53
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.

Ericdier752
Mar 19 at 08:19
posts 59
Sarjohn posted:
Ericdier752 posted:
Sarjohn posted:
Ericdier752 posted:
Sarjohn posted:
Ericdier752 posted:
Sarjohn posted:
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.

What’s the strategy you use? If you don’t mind sharing that is

I use Moving average and RSI strategy. And what strategy do you use?


I have been using both RSI and MACD so far. With moving average I don’t know which is better - simple or exponential


I feel exponential moving average is way better.

Because it’s fast? But doesn’t that also lead to a lot of false signals?!

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.

True! If only there was a tool that worked 100% every time, that itself would have cost a million dollars :)

Sarjohn (Sarjohn)
Mar 22 at 08:09
posts 160
Ericdier752 posted:
Sarjohn posted:
Ericdier752 posted:
Sarjohn posted:
Ericdier752 posted:
Sarjohn posted:
Ericdier752 posted:
Sarjohn posted:
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.

What’s the strategy you use? If you don’t mind sharing that is

I use Moving average and RSI strategy. And what strategy do you use?


I have been using both RSI and MACD so far. With moving average I don’t know which is better - simple or exponential


I feel exponential moving average is way better.

Because it’s fast? But doesn’t that also lead to a lot of false signals?!

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.

True! If only there was a tool that worked 100% every time, that itself would have cost a million dollars :)

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.

phillipgriffin
Mar 23 at 04:48
posts 33
Are there any rules I need to follow for a long entry?

richardmarcus
Mar 23 at 08:52
posts 104
phillipgriffin posted:
Are there any rules I need to follow for a long entry?

just some basic trading knowledge

tacosgild
Mar 23 at 09:44
posts 18
phillipgriffin posted:
Are there any rules I need to follow for a long entry?

I use a stochastic indicator and when it’s below the overbought condition, that’s when I know it's a long entry.

Willemcurtis
Mar 24 at 09:22
posts 26
Hey Philip, If you want to open a long entry based on the 1 minute scalping strategy, wait for the 50 period EMA to cross over the 100 period EMA. I have seen that this helps the stochastic indicator to pull back and return from the overbought market condition.

Kylealker87
Mar 24 at 11:20
posts 34
I didn’t know scalping work only in the busiest market hours. The wider spreads and slippage literally ate up my profits.

Por favor, inicie sesión para comentar .