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What is fast forex scalping?

Gingerrogers
Mar 12 at 12:03
28 messages
Forex scalping can give you good results but you need to have a good experience in scalp trading, else you know how you might land up.

Harshalmark09
Mar 13 at 09:51
15 messages
@Gingerrogers it’s not just about experience. One cannot ignore the fact that a good broker is must for scalp trading. You might be having every knowledge of scalping but what are you going to do, if the broker only does not give you those features that are imperative for scalping such as tight spreads, fast order execution.

Alisson332
Mar 13 at 11:43
23 messages
Harshalmark09 posted:
@Gingerrogers it’s not just about experience. One cannot ignore the fact that a good broker is must for scalp trading. You might be having every knowledge of scalping but what are you going to do, if the broker only does not give you those features that are imperative for scalping such as tight spreads, fast order execution.

I cannot agree less to it. I have myself used this strategy for 3 months with Pepperstone by studying their bar graphs and charts. I have realized that experience and a good broker will go hand in hand in any of the trading methods.
And hey, before you guys jump on 3 months being too short a time and all, I wanna clear that I don’t believe in all that rome wasn’t built in a day kind of bull. It’s a digital world and things ought to be quick!

phillipgriffin
Mar 15 at 05:03
33 messages
I want to try scalping but I have set my foot in day trading and now I am scared to try any other method.

Sarjohn (Sarjohn)
Mar 16 at 08:21
131 messages
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.

josejames
Mar 16 at 09:26
16 messages
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.

ele020 (ele020)
Mar 16 at 09:36
165 messages
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.
Raheemsterling22
Mar 16 at 11:47
31 messages
Your exit strategy is one of the most important things that you should focus on while scalping because one large loss can eliminate all the small gains that you made over time. So, better make sure that you have a direct-access broker and can keep an eye on the live feed scalp without losing.

Gracewilson1995
Mar 16 at 11:49
147 messages
Hearing this term for the first timee.

Raywilkins665
Mar 16 at 13:22
24 messages
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.

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