Feb 05 2021 at 07:46
Mohammadi posted:Okay so you suggest brushing up skills on this particular tool if I want to scalp?
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.
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?
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?
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.
Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.
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?
You can try some other strategies as a beginner instead of scalping.
jaspertan posted:Agreed, I guess scalping should be tried a bit later in the trading career, could be difficult to manage for some beginners.
You can try some other strategies as a beginner instead of scalping.
I never heard the term ‘Quick scalping’.
Scalping is the fast way of trading itself. You can enter and exit the market in just a couple of minutes and can earn a small profit.
Scalping is the fast way of trading itself. You can enter and exit the market in just a couple of minutes and can earn a small profit.
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?
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?
Feb 10 2021 at 08:13
Roberto21 posted:But like you even I don’t have a lot of capital to put in
Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.
Feb 10 2021 at 08:13
Joz8 posted:But like I was mentioning earlier, my understanding goes that more capital would be needed for other trade strategies.jaspertan posted:Agreed, I guess scalping should be tried a bit later in the trading career, could be difficult to manage for some beginners.
You can try some other strategies as a beginner instead of scalping.
Why not? With right use of high leverage it is very much a possibility.
brishleap posted:What about the wrong use of leverage?
Why not? With right use of high leverage it is very much a possibility.
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.
Feb 11 2021 at 08:12
Until a beginner understands everything and is confident in his abilities, it makes no sense to use leverage.
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.
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.
Feb 12 2021 at 07:36
Cordawield posted:But won’t you say that risking all of our own money can be even more risky, especially when starting out?
Until a beginner understands everything and is confident in his abilities, it makes no sense to use leverage.
