Mohammadi posted: 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.
What broker do you think is the best for scalping?
Any regulated broker will have competitive spreads. You need to find one that does lots of volume through that brokerage. That way you can limit any slippage. I currently use Oanda, and have to say the execution is super fast. I do use a scalping system with them and havnt had any issues.
The first thing I would suggest you is to restart your mind in trading. I know having a loss is hard but if you only think how to recover it, you will fall into emotions deeper, and probably you never will.
So few things here: 1. Do not hurry to recover because it will take you time 2. Start with algorithmic trading because this way you will avoid the emotions 3. Make a good money management system
Another thing to do is to test always first on a demo before you are sure in your skills. For example, make minimum 20 trades on Demo with the system and make sure that more than 50% are on profit, before you use this system on live.
Using expert advisors will make it easier for you. You will need just to follow stats of the EAs.
Scalping is a trading policy that brings profit in a short time. That’s why we the traders are extremely dependable on this short time trading approach in particularly the newcomers. so, we the traders who are particularly scalpers have to choose the brokers which allows trading concept such as this without any restrictions.
From all trading strategies scalping is more profitable that brings profit in a short time. but in spite of a profitable trading policy scalping cannot use in a regulated trading broker practically. So, we the traders who are particularly scalpers have to choose the broker which for all time ensures best trading environment for scalping by providing lowest trading spreads including minimum margin requirements.
I thought that scalloping was a pretty rubbish strategy. Why do you say it is so good? I was under the impression that it is uses big stop loss and aims for small pips so works for a time but then crashes
I am a swing trader. I like to catch the up and down price swings of the EUR/USD. I usually get about 2-5 trades per month, so I need some patience. I use S/R technical levels, trendlines, and moving averages on 1 hour and 4 hour charts in my strategy. I use a tight stop loss and i only open 1 trade at a time to keep drawdown very low. That way I can trade with higher lots safely, which means more profits per pip. I hope this helps someone new to trading.
I wait for it to break the trendline, moving averages and above or below a swing high or low. The strategy I am using has been profitable. Modest consistent gains, but because I use a tight stop loss (70) pips, the profits per pip is good. It actually can keep up with a 600-1000 pips showboat system. I have been testing it since April 2018. I don't know how it will perform over coming years, but it is a very safe strategy.
BreakoutSystem posted: I wait for it to break the trendline, moving averages and above or below a swing high or low. The strategy I am using has been profitable. Modest consistent gains, but because I use a tight stop loss (70) pips, the profits per pip is good. It actually can keep up with a 600-1000 pips showboat system. I have been testing it since April 2018. I don't know how it will perform over coming years, but it is a very safe strategy.
How you exit your position. You use trail stop or fixed SL & TP for your trading system. I am also using a breakout system with 50-80 pips.
The market will trade through it’s path of least resistance .
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