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What is fast forex scalping?

bax699 (bax699)
Feb 22 at 18:35
posts 22
Its all about being in and out of the markets in minutes. Scalpers dont hold trades for a long time unless theyre heavily in profit and have trailing stops

SofieAndreasen
Feb 22 at 23:13
posts 488
bax699 posted:
Its all about being in and out of the markets in minutes. Scalpers dont hold trades for a long time unless theyre heavily in profit and have trailing stops

Traders need low spreads and fast execution speed for this kind of trading strategy.

richardmarcus
Feb 23 at 04:49
posts 104
Ericdier752 posted:
I am new to trading. About to initiate scalping. Is there a thing called quick scalping?
What do you recommend?

Hi there. You wont be able to generate huge profits with that... less time frames high leverage is what you will need in order to trade.

williamhayes
Feb 23 at 05:04
posts 39
salamibrish posted:
@constancewatts I don’t think so! If I use fxview for swing trading instead of IB, my profits wion't be any different.

I think your profits would be marginally more with fxview dude, saying this because of their low trading cost - if I am to believe what I have heard. Lower spreads, commissions, inactivity fees, etc, would definitely account for slightly bigger profits. I saw the change when I switched from FP Markets to FXTM. Both fairly nice brokers in my opinion but lower trading cost of fxtm fared well with me.

harrymartinez
Feb 23 at 06:49
posts 21
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.

ele020 (ele020)
Feb 23 at 07:06
posts 211
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.
williamhayes
Feb 24 at 03:53
posts 39
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.

harrymartinez
Feb 24 at 05:51
posts 21
williamhayes posted:
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.

That’s why I said “in the same league” I found no noticeable changes in cmc markets, fxview or etoro.

Ericdier752
Feb 24 at 07:09
posts 59
bax699 posted:
Its all about being in and out of the markets in minutes. Scalpers dont hold trades for a long time unless theyre heavily in profit and have trailing stops

How would trailing stops make a difference here? Are they better to use than fixed stops?

ele020 (ele020)
Feb 24 at 07:17
posts 211
Ericdier752 posted:
bax699 posted:
Its all about being in and out of the markets in minutes. Scalpers dont hold trades for a long time unless theyre heavily in profit and have trailing stops

How would trailing stops make a difference here? Are they better to use than fixed stops?

trailing stop loss allows you to kind of book your profit. But for this to happen, first the price needs to earn the pips defined for the trailing stop loss, once it triggered your position will never close at loss. However, if the trailing stop loss level didn't hit at all, and the price moves against your trade your position will remain open and keep on adding the losses until you close it yourself. So that best way is, you can place trailing stop loss and stop loss both.

The more your practice, the more you learn.
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