What is fast forex scalping?

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.

Roberto21 posted:
The best part of the forex strategy is money management –make sure every time you trade , you don’t risk more than 2-3% of you account otherwise you will break your account pretty soon. I learned that lesson from my own experience.

From what I have learnt till now in my journey, I believe even 2-3% can amount to a lot of loss, isn’t it better to limit the risk to 1%?

Imamul posted:
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.

I completely agree with you, that’s why I think highly active times are the best time to trade, and that too just the major currencies. What currencies are you trading?

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.

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.

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?

The best part of the forex strategy is money management –make sure every time you trade , you don’t risk more than 2-3% of you account otherwise you will break your account pretty soon. I learned that lesson from my own experience.

Is it true that scalping is a kind of risk management technique?

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.

Have you considered using margin on your account, won’t that help for longer term strategies!?

Sarjohn posted:

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?

I have been using both RSI and MACD so far. With moving average I don’t know which is better - simple or exponential

Imamul posted:
The best part of the forex strategy is money management –make sure every time you trade , you don’t risk more than 2-3% of you account otherwise you will break your account pretty soon. I learned that lesson from my own experience.

So right! Own experiences are the best teachers. Something that no book or course can match.

Ericdier752 posted:

Sarjohn posted:

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?

I have been using both RSI and MACD so far. With moving average I don’t know which is better - simple or exponential

I feel exponential moving average is way better.

Sarjohn posted:

Ericdier752 posted:

Sarjohn posted:

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?

I have been using both RSI and MACD so far. With moving average I don’t know which is better - simple or exponential

I feel exponential moving average is way better.

Because it’s fast? But doesn’t that also lead to a lot of false signals?!

antonyhollinwooe posted:
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.

I feel the same way. Some traders don’t understand that if they do not do things according to the plan, they will lose money and sometimes the amount can be huge.

Forex scalping can give you good results but you need to have a good experience in scalp trading, else you know how you might land up.

@Gingerrogers it’s not just about experience. One cannot ignore the fact that a good broker is must for scalp trading. You might be having every knowledge of scalping but what are you going to do, if the broker only does not give you those features that are imperative for scalping such as tight spreads, fast order execution.

Harshalmark09 posted:
@Gingerrogers it’s not just about experience. One cannot ignore the fact that a good broker is must for scalp trading. You might be having every knowledge of scalping but what are you going to do, if the broker only does not give you those features that are imperative for scalping such as tight spreads, fast order execution.

I cannot agree less to it. I have myself used this strategy for 3 months with Pepperstone by studying their bar graphs and charts. I have realized that experience and a good broker will go hand in hand in any of the trading methods.
And hey, before you guys jump on 3 months being too short a time and all, I wanna clear that I don’t believe in all that rome wasn’t built in a day kind of bull. It’s a digital world and things ought to be quick!