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What is fast forex scalping?

Ericdier752
Feb 05 2021 at 07:46
게시물59
Mohammadi posted:
Pin bar is really popular but not for beginners, it is especially for the senior traders who are able to predict the real faction of this market with certainly by means of candlestick. According to me , who are able to make profit consistency by using this pin bar trading strategy , only they are professional in Forex.
Okay so you suggest brushing up skills on this particular tool if I want to scalp?
deborahbennett
Feb 05 2021 at 08:05
게시물23
Ericdier752 posted:
tracepharikson55 posted:
Darrensmith posted:
Ericdier752 posted:
I was kind of wondering why are 15 minute time frames the least favourite of scalpers? Wouldn’t it be easier to read M15 charts on the contrary?
I use 15 minute charts and I have seen it giving me more profits than the smaller frames. I generally see a pips movement of 12-15 and the least I have seen is 7. Obviously this is less compared to mad changes in swing and intraday but scalping is all about squeezing maximum profits out of a small time range. Key is to spot trading opportunities.
Yes when you trade will prove to be extremely critical in scalping. And also the spreads that you get. Should not exceed 30% of your income. That’s why it’s best to go for zero spread accounts.
Can you suggest any?
IG, FXCM, IB, Fxview, Oanda. Ensure that you trade when markets are very active because scalping is all about trading volume. And with spreads less than 1 you can make good profits.
Darrensmith
Feb 06 2021 at 05:55
게시물37
deborahbennett posted:
Ericdier752 posted:
tracepharikson55 posted:
Darrensmith posted:
Ericdier752 posted:
I was kind of wondering why are 15 minute time frames the least favourite of scalpers? Wouldn’t it be easier to read M15 charts on the contrary?
I use 15 minute charts and I have seen it giving me more profits than the smaller frames. I generally see a pips movement of 12-15 and the least I have seen is 7. Obviously this is less compared to mad changes in swing and intraday but scalping is all about squeezing maximum profits out of a small time range. Key is to spot trading opportunities.
Yes when you trade will prove to be extremely critical in scalping. And also the spreads that you get. Should not exceed 30% of your income. That’s why it’s best to go for zero spread accounts.
Can you suggest any?
IG, FXCM, IB, Fxview, Oanda. Ensure that you trade when markets are very active because scalping is all about trading volume. And with spreads less than 1 you can make good profits.
Yes! When you trade is very critical in scalping! Stable markets won’t fetch you anything!
yana hansen (78678676)
Feb 06 2021 at 08:05
게시물137
forextrader777 posted:
Scalping itself means that you are making quick profits by taking short positions. There is nothing like quick scalping.

That's right. I've never heard of it too.
Roberto21
Feb 08 2021 at 04:41
게시물364
Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.
Halexpark899
Feb 08 2021 at 08:19
게시물25
tracepharikson55 posted:
Darrensmith posted:
Ericdier752 posted:
I was kind of wondering why are 15 minute time frames the least favourite of scalpers? Wouldn’t it be easier to read M15 charts on the contrary?
I use 15 minute charts and I have seen it giving me more profits than the smaller frames. I generally see a pips movement of 12-15 and the least I have seen is 7. Obviously this is less compared to mad changes in swing and intraday but scalping is all about squeezing maximum profits out of a small time range. Key is to spot trading opportunities.
Yes when you trade will prove to be extremely critical in scalping. And also the spreads that you get. Should not exceed 30% of your income. That’s why it’s best to go for zero spread accounts.
Broker choice is a major factor in trading, especially scalping where you enter multiple positions in which you enter and exit fast.
jaspertan
Feb 09 2021 at 04:17
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You can try some other strategies as a beginner instead of scalping.
Joz8
Feb 09 2021 at 05:05
게시물104
jaspertan posted:
You can try some other strategies as a beginner instead of scalping.
Agreed, I guess scalping should be tried a bit later in the trading career, could be difficult to manage for some beginners.
MichaelEX
Feb 09 2021 at 10:04
게시물48
I never heard the term ‘Quick scalping’.
Scalping is the fast way of trading itself. You can enter and exit the market in just a couple of minutes and can earn a small profit.
illscarce874
Feb 10 2021 at 03:49
게시물24
I have been demo trading with Cityindex, Fxview and Etrade for a month now and just on the verge of going live. The $500 that I invested with them (virtual) has grown to $3682. This mostly because of 0 to 0.7 pips that I got as spreads for most of my trades. Will it be same even in live account?
Darrensmith
Feb 10 2021 at 04:13
게시물37
illscarce874 posted:
I have been demo trading with Cityindex, Fxview and Etrade for a month now and just on the verge of going live. The $500 that I invested with them (virtual) has grown to $3682. This mostly because of 0 to 0.7 pips that I got as spreads for most of my trades. Will it be same even in live account?
You make me laugh so bad, dude, you’re not gonna multiply your wealth in such short span when you trade live
Ericdier752
Feb 10 2021 at 08:13
게시물59
Roberto21 posted:
Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.
But like you even I don’t have a lot of capital to put in

Ericdier752
Feb 10 2021 at 08:13
게시물59
Joz8 posted:
jaspertan posted:
You can try some other strategies as a beginner instead of scalping.
Agreed, I guess scalping should be tried a bit later in the trading career, could be difficult to manage for some beginners.
But like I was mentioning earlier, my understanding goes that more capital would be needed for other trade strategies.
brishleap
Feb 10 2021 at 10:16
게시물17
Why not? With right use of high leverage it is very much a possibility.
jaspertan
Feb 11 2021 at 04:57
게시물15
brishleap posted:
Why not? With right use of high leverage it is very much a possibility.
What about the wrong use of leverage?
Halexpark899
Feb 11 2021 at 08:10
게시물25
I also think that newbies should not be using leverage to amplify their earnings. Even if the earnings are less, a profitable trade should be the goal rather than the amount of money earned.
Cordawield
Feb 11 2021 at 08:12
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Until a beginner understands everything and is confident in his abilities, it makes no sense to use leverage.
Darrensmith
Feb 12 2021 at 05:34
게시물37
Halexpark899 posted:
I also think that newbies should not be using leverage to amplify their earnings. Even if the earnings are less, a profitable trade should be the goal rather than the amount of money earned.
I agree with this. Newbies should really focus on improving their strategies and trading.
Mikehussey
Feb 12 2021 at 07:05
게시물58
I don’t think there are any shortcuts and all to learning a strategy like scalping. It takes a lot of time and hard work to understand how it actually works. Not a child’s play, I’d say.
Ericdier752
Feb 12 2021 at 07:36
게시물59
Cordawield posted:
Until a beginner understands everything and is confident in his abilities, it makes no sense to use leverage.
But won’t you say that risking all of our own money can be even more risky, especially when starting out?
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