Becoming a scalper

Though scalping is the last trading style i would opt, tight spreads and low commissions are a must when it comes to scalping,

That is a good idea and I hope you succeed in the process. Scalping is an effective trading strategy with the probability of profits. All the best.

Scalping ultimately is a losing strategy, don't waste your time and money.
Thank you.

GlobalScalper posted:
 Scalping ultimately is a losing strategy, don't waste your time and money.
Thank you.

I dont think its a losing strategy if done after proper tricks and tips.. Off course its trickier but we cant just name it a losing strategy.

ele020 posted:

GlobalScalper posted:
 Scalping ultimately is a losing strategy, don't waste your time and money.
Thank you.

I dont think its a losing strategy if done after proper tricks and tips.. Off course its trickier but we cant just name it a losing strategy.

Well, It's a profitable strategy for a while but if your strategy is so strong then you might sustain over a year but eventually, you'll lose all of your money after one year+.
That's why it's called 'Profitable Scalper doesn't exist after one year.
Thank you.

Antonio_K posted:
What makes you say that? Any experience worth sharing?

The only worth is when you would start scalping with your own money you'll understand everything. The market is the biggest teacher.

Have a nice day.

GlobalScalper posted:

ele020 posted:

GlobalScalper posted:
 Scalping ultimately is a losing strategy, don't waste your time and money.
Thank you.

I dont think its a losing strategy if done after proper tricks and tips.. Off course its trickier but we cant just name it a losing strategy.

Well, It's a profitable strategy for a while but if your strategy is so strong then you might sustain over a year but eventually, you'll lose all of your money after one year+.
That's why it's called 'Profitable Scalper doesn't exist after one year.
Thank you.

Isn't it ironic that you are 'GlobalScalper' and yet you say that it's a losing strategy? My point is that scalping is just a strategy like swing and positing trading. It may not work for you but it doesn't mean that all of the scalpers are not good. I'm sure there are some that has been in this business for a long time and has been making money using a scalping strategy. We may not know it because not everyone wants to talk or brag about it. I know a scalper that's been making money for 8 years so your opinion, my opinion, or other's opinion doesn't matter because he is making money. Scalping works for sure but it takes so much effort and discipline.

@8christianpaul8

Isn't it ironic that you are 'GlobalScalper' and yet you say that it's a losing strategy? <<<<< No, it's not ironic, It means is that what I've stated, I know the full facts of it. To be flat out: no one knows about Scalping better than a Scalper. ;)

I'm sure there are some that have been in this business or a long time and have been making money using a scalping strategy <<<<<<< well, You're not sure actually it's just your imagination.

Again: 'Profitable Scalper doesn't exist after one year'

Did you not see? I know someone who has been doing it for 8 years and making money. Are you high? 🤣 🤣 🤣

Yes and I think spreads are quite important for every scalper. Looking for a broker with tighter spreads is a good idea.

8christianpaul8 posted:
Did you not see? I know someone who has been doing it for 8 years and making money. Are you high? 🤣 🤣 🤣

I like your stamp man. It's a lesson that applies to everything in life if you ask me.

garrettlamb posted:
Yes and I think spreads are quite important for every scalper. Looking for a broker with tighter spreads is a good idea.

I keep seeing ads of brokers with spreads starting with 0.1 pips and what not and I'm beginning to get tempted to try them too. Do you know if they are reliable?

Ericdier752 posted:

garrettlamb posted:
Yes and I think spreads are quite important for every scalper. Looking for a broker with tighter spreads is a good idea.

I keep seeing ads of brokers with spreads starting with 0.1 pips and what not and I'm beginning to get tempted to try them too. Do you know if they are reliable?

I don’t know if you've noticed it says starting from 0.0 pips, you get 0 or 0.1 pips sometimes, and for the reliability, some of them are, some of them aren't, it all depends on the regulation they hold.

Ericdier752 posted:

garrettlamb posted:
Yes and I think spreads are quite important for every scalper. Looking for a broker with tighter spreads is a good idea.

I keep seeing ads of brokers with spreads starting with 0.1 pips and what not and I'm beginning to get tempted to try them too. Do you know if they are reliable?

Testing is the only way out.Demo can help too. But remember there's nothing like 0 spreads, so be careful.

BrantleyC posted:
Testing is the only way out.Demo can help too. But remember there's nothing like 0 spreads, so be careful.

Rightly said. Zero spread is a myth as it only peaks up commission fee. I think there are some brokers in the market which have very low spreads & commissions.

Becoming a scalper is not that easy. It depends on what kind of strategy and broker you use. I trade with a broker, FP Markets, because it is important to scalp with tight spreads and fast execution broker.

scalping needs realy tight spreads so I use a broker who offer raw spreads and at time i have seen it going as low as 0.0 pips...

thank you for adding this point. Yes. Low commissions are also vital., its of no use if you have to pay huge chunks of commissions out of your profits. The broker I use only charges me $2 commission per 100K trading volume for both sides. Pretty helpful.

ele020 posted:
thank you for adding this point. Yes. Low commissions are also vital., its of no use if you have to pay huge chunks of commissions out of your profits. The broker I use only charges me $2 commission per 100K trading volume for both sides. Pretty helpful.

I also pay $2 per lot, which broker you are using btw?