What is fast forex scalping?

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.

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.

harrymartinez posted:

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.

Also let’s not forget some will just end up scamming you straight.

I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.

PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.

Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping

Ericdier752 posted:

PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.

What are the indicators that you are using for entry / exit? I would like to know more about your strategy if you don’t mind sharing, thanks.

Stoploss and exiting market when needed, parabolic sars,mcd and rsi. Those indicators allow me to identify trends. And don't forget to use broker this is not bucket shop, i have a client her broker have refused her to withdraw because $3700 initial deposit was turned to $63,000 in 7 weeks, we are battling that now, i checked out and saw they are bucketshop broker, and im very mad.
They are saying she could only take her initital and halfbof the profits. Please always check broker before you open with them.

ele020 posted:

PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.

Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping

You are absolutely right. With the increase in price, trailing stops also get dragged with it. But when the price stops at one point, the new stop loss price remains at the price it was dragged to. This automatically protects the downside and locks in the profits as the price reaches new highs.

Gleywilleyy posted:

ele020 posted:

PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.

Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping

You are absolutely right. With the increase in price, trailing stops also get dragged with it. But when the price stops at one point, the new stop loss price remains at the price it was dragged to. This automatically protects the downside and locks in the profits as the price reaches new highs.

Correct

ele020 posted:

PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.

Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping

Yes, i scalp huge profits and low stops

Ericdier752 posted:

PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.

What are the indicators that you are using for entry / exit? I would like to know more about your strategy if you don’t mind sharing, thanks.

And being experience makes it more fun, you can whatapps me from my whatsapp number on my profile.

The best part about using trailing stops in combination with stop loss is that each upward price tick means further minimizing potential losses. In the beginning, I refrained from using trailing stops while trading with XTB. But after knowing that it can make a significant improvement in my profits, I started using it with stop loss with my new broker fxview. Turned out to be a good decision with added protection.

Marshshaun posted:
It’s true that scalping gets you quick profits. But I am not sure about the specific term, “quick scalping”. If you are thinking about scalping, as a beginner, you can go for the one-minute scalping strategy. All you have to do is open a position, make a few pips, and close the position shortly afterward.

I will not advise you to go for scalping if you are not 100% sure about how to make your way through it. It is not as simple as it looks so better be prepared for it.

What I believe is that every strategy requires some hard work and practice. No one is born an expert isn’t it.

williamhayes posted:
What I believe is that every strategy requires some hard work and practice. No one is born an expert isn’t it.

Yes but some strategies require a certain skill and they might not work so well for a beginner. Like scalping for instance, it requires a trader to have a very good idea about the entry and exit.

even though scalping sometimes bring profit with very short time but
 it can fall you in a dangerous situation, so be careful when time to scalp.

Scalping does take some time and effort to perfect a strategy and not all traders are willing to put in so much effort at first.

Darrensmith posted:

williamhayes posted:
What I believe is that every strategy requires some hard work and practice. No one is born an expert isn’t it.

Yes but some strategies require a certain skill and they might not work so well for a beginner. Like scalping for instance, it requires a trader to have a very good idea about the entry and exit.

No doubt having an exit strategy is so important. Who’d deny one large loss can nullify the small gains, which a trader worked hard to put in the bank.

That’s where the tools come into play to save the day. Live feed, direct access to the broker and aptitude to place loads of trades are requisites to trade successfully.

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?