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What is fast forex scalping?
Feb 23, 2021 at 07:06
harrymartinez posted:
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.
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?
The more your practice, the more you learn.
Miembro desde Jul 09, 2020
posts 30
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.
forex_trader_1996705
Miembro desde Nov 12, 2020
posts 12
Mar 02, 2021 at 15:16
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.
Mar 03, 2021 at 07:16
PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.
Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping
The more your practice, the more you learn.
Miembro desde Jun 30, 2020
posts 43
Mar 03, 2021 at 09:42
ele020 posted:PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.
Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping
You are absolutely right. With the increase in price, trailing stops also get dragged with it. But when the price stops at one point, the new stop loss price remains at the price it was dragged to. This automatically protects the downside and locks in the profits as the price reaches new highs.
forex_trader_1996705
Miembro desde Nov 12, 2020
posts 12
Mar 03, 2021 at 10:52
Gleywilleyy posted:ele020 posted:PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.
Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping
You are absolutely right. With the increase in price, trailing stops also get dragged with it. But when the price stops at one point, the new stop loss price remains at the price it was dragged to. This automatically protects the downside and locks in the profits as the price reaches new highs.
Correct
forex_trader_1996705
Miembro desde Nov 12, 2020
posts 12
Mar 03, 2021 at 11:50
ele020 posted:PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.
Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping
Yes, i scalp huge profits and low stops
Miembro desde Jul 09, 2020
posts 30
Mar 06, 2021 at 05:22
What I believe is that every strategy requires some hard work and practice. No one is born an expert isn’t it.
Miembro desde Oct 01, 2020
posts 27
Mar 08, 2021 at 04:17
williamhayes posted:
What I believe is that every strategy requires some hard work and practice. No one is born an expert isn’t it.
Yes but some strategies require a certain skill and they might not work so well for a beginner. Like scalping for instance, it requires a trader to have a very good idea about the entry and exit.
Miembro desde Jul 10, 2020
posts 32
Mar 08, 2021 at 11:55
Scalping does take some time and effort to perfect a strategy and not all traders are willing to put in so much effort at first.
Miembro desde Nov 24, 2020
posts 14
Mar 09, 2021 at 10:34
Darrensmith posted:williamhayes posted:
What I believe is that every strategy requires some hard work and practice. No one is born an expert isn’t it.
Yes but some strategies require a certain skill and they might not work so well for a beginner. Like scalping for instance, it requires a trader to have a very good idea about the entry and exit.
No doubt having an exit strategy is so important. Who’d deny one large loss can nullify the small gains, which a trader worked hard to put in the bank.
Mar 16, 2021 at 09:26
As you are planning to scalp, I am sure that you already know that you will have to keep yourself updated with the current news. You might also have to take the risk of trading the latest or future events that are expected to trigger price movements. I also scalp with robinhood sometimes and watch the high and low price movements to gauge the direction over the short-term.
Mar 16, 2021 at 09:36
josejames posted:
As you are planning to scalp, I am sure that you already know that you will have to keep yourself updated with the current news. You might also have to take the risk of trading the latest or future events that are expected to trigger price movements. I also scalp with robinhood sometimes and watch the high and low price movements to gauge the direction over the short-term.
Along with all the factors you mentioned, one should also be careful for the spreads which definitely widen during news releases.
The more your practice, the more you learn.
Miembro desde Jan 11, 2019
posts 140
Mar 16, 2021 at 11:49
Hearing this term for the first timee.
Miembro desde Oct 07, 2020
posts 90
Mar 17, 2021 at 05:28
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.
Miembro desde Oct 29, 2020
posts 47
Mar 19, 2021 at 05:29
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.
Miembro desde Jul 20, 2020
posts 385
Mar 27, 2021 at 14:32
Davidtaylorr posted:
I’ve heard people going after quick profits but I’ve not heard of quick scalping anywhere. Maybe you got the hint from fast profits or something.
Yeah me too scalping by nature is quick so all are within a short space of time.
