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scalping is risky ?

pipsmaster1
Apr 05 2018 at 07:54
posts 1
Admoni posted:
I have seen according to my trading experience the newcomers always looking for scalping strategy that brings profit in a short time than others techniques , but scalping sometimes causes a great losses if you don’t make sure lowest trading spreads. So for scalping first of all please make sure most comfortable trading spreads.


me either. I lost $500 for scalping

Wingandprayer
Apr 06 2018 at 12:09
posts 13
I would count yourself lucky some people lose thousands from scalping

Ronnie Best (TraderRon)
Apr 06 2018 at 12:10
posts 14
Scalping should work only with a good conditions from broker. Fast processing, good spreads. But more often, brokers don't provide good rules for all parameters, so scalping becomes risky.

mlawson71
Apr 08 2018 at 06:11
posts 1487
TraderRon posted:
Scalping should work only with a good conditions from broker. Fast processing, good spreads. But more often, brokers don't provide good rules for all parameters, so scalping becomes risky.


Also, I know that some brokers directly ban scalping in their terms and conditions, so one should always check for that before singing up.

Ooi Chean Keong (ocheank)
Apr 08 2018 at 06:16
posts 4
TraderRon posted:
Scalping should work only with a good conditions from broker. Fast processing, good spreads. But more often, brokers don't provide good rules for all parameters, so scalping becomes risky.


I am using OANDA for scalping - avg spread is 1.4 pip.
So far so good - probably my lot size is small.

AmDiab
Apr 08 2018 at 06:39
posts 718
Wingandprayer posted:
I would count yourself lucky some people lose thousands from scalping


Listen, without proper trading knowledge no one can make money here, whatever trading style he is using that doesn’t mean much.

Ronnie Best (TraderRon)
Apr 09 2018 at 09:59
posts 14
ocheank posted:
TraderRon posted:
Scalping should work only with a good conditions from broker. Fast processing, good spreads. But more often, brokers don't provide good rules for all parameters, so scalping becomes risky.


I am using OANDA for scalping - avg spread is 1.4 pip.
So far so good - probably my lot size is small.

Looks good. Thanks or the info

Ronnie Best (TraderRon)
Apr 09 2018 at 09:59
posts 14
mlawson71 posted:
TraderRon posted:
Scalping should work only with a good conditions from broker. Fast processing, good spreads. But more often, brokers don't provide good rules for all parameters, so scalping becomes risky.


Also, I know that some brokers directly ban scalping in their terms and conditions, so one should always check for that before singing up.
Sometimes, it can be. Each nice trader should inspect and learn as much as one can before using broker.

Chachingggg
Apr 09 2018 at 10:06
posts 12
How can you make any money scalping with 1.4 pip spread. That's a huge spread.

Ooi Chean Keong (ocheank)
Apr 09 2018 at 13:44
posts 4
Chachingggg posted:
How can you make any money scalping with 1.4 pip spread. That's a huge spread.


I think 1.4 pip spread is quite low among the brokers. I have tried few brokers and seem like OANDA is the lowest. Spread for ECN account might be lower than 1 pip, but they normally charge 1 pip for each open position.

I follow Forex-made-E-Z strategy to scalp. I have traded my real account for few months before I started to make some profit.

Fernando (FernandoUgho)
Apr 11 2018 at 13:47
posts 9
Totally agree with the posts above. Scalp trading depends on trader's skills and EA and also on the broker's property processing and speed of ordering.

Mohammadi
Apr 23 2018 at 06:53
posts 886
I have seen on order to my trading experience in spite of a profitable trading policy scalping cannot use in a reputed trading broker, so, we the traders who are particularly scalpers have to choose the broker which for all time permits scalping including lowest trading spreads. Practically despite of good trading knowledge that’s not possible at all to make profit with certainly by scalping without lowest trading spreads. so, we scalpers have to be careful when choosing a broker.

NoahMartin
Apr 26 2018 at 12:22
posts 17
. . . only if one is a beginner, if one keeps repeating the mistakes in other trading system, if one doesn't want to plan, if one can't handle heavy losses.

Scalping never suits for beginners with zero knowledge. If someone from beginner made profits recently through scalping, my best advice is ESCAPE NOW! Predictable earthquake is coming up.

Baldo (BaldoN)
Apr 26 2018 at 14:59
posts 522
NoahMartin posted:
. . . only if one is a beginner, if one keeps repeating the mistakes in other trading system, if one doesn't want to plan, if one can't handle heavy losses.

Scalping never suits for beginners with zero knowledge. If someone from beginner made profits recently through scalping, my best advice is ESCAPE NOW! Predictable earthquake is coming up.


Agree with you - many beginners try to scalp the market and 99.9% in cases they are scalping by themselves :)

vontogr (togr)
Apr 27 2018 at 07:46
posts 4862
Before you trade you must have trading plan including
- trade enter and exit
- broker suitable for execution

If your trading plan works for you, trade it. No matter how the fools call it.
If it does not work change it and go back to the beginning.

NoahMartin
Apr 27 2018 at 12:32
posts 17
togr posted:
Before you trade you must have trading plan including
- trade enter and exit
- broker suitable for execution

If your trading plan works for you, trade it. No matter how the fools call it.
If it does not work change it and go back to the beginning.


Perfect! (y)

Adribaasmet
Apr 30 2018 at 06:14
posts 987
togr posted:
Before you trade you must have trading plan including
- trade enter and exit
- broker suitable for execution

If your trading plan works for you, trade it. No matter how the fools call it.
If it does not work change it and go back to the beginning.


Well said, really trading plan is very much important parameter here; but a number of traders can follow their trading plan so honestly! They avoid their plan after facing a couple of SL or TP. That’s the problem.

vontogr (togr)
Apr 30 2018 at 08:16
posts 4862
Adribaasmet posted:
togr posted:
Before you trade you must have trading plan including
- trade enter and exit
- broker suitable for execution

If your trading plan works for you, trade it. No matter how the fools call it.
If it does not work change it and go back to the beginning.


Well said, really trading plan is very much important parameter here; but a number of traders can follow their trading plan so honestly! They avoid their plan after facing a couple of SL or TP. That’s the problem.


yeah that is common mistake,
but nobody can trade successfully based on feelings or estimation.

Mohammadi
May 04 2018 at 05:51
posts 886
There is no any trading technique which does not take at any risk with scalping. If you have a great plan and know how to manage money, of course there is a possibility to get maximal result by using any kinds of strategy. It totally depends on you

ema123
Jun 08 2018 at 13:21
posts 32

FX market is all about the risk and reward like any other business, so have the required knowledge and the experience of what you do . And scalping is risky if it is done blindly. Identify the trend first if you want to make profit from scalping. So do not play blind as a little profit making trade can take a huge part of your balance if the strategy is not followed properly.

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