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What is fast forex scalping?

jasonmark409
Mar 25 at 10:35
29 ieraksti
Kylealker87 posted:
I didn’t know scalping work only in the busiest market hours. The wider spreads and slippage literally ate up my profits.

Yeah that must have been a problem. If you’re planning to start, do so by following the economic calendar and mark all the important market news that has the potential to trigger the important price moves in a shorter time frame.

Tremblay
Mar 25 at 11:05
330 ieraksti
In forex slow but steady approach can problem a lot of profit compared to other business. The problem with people that they want aggressive profit. They want to make money very quick.

DawnDanny
Mar 26 at 09:26
14 ieraksti
Kylealker87 posted:
I didn’t know scalping work only in the busiest market hours. The wider spreads and slippage literally ate up my profits.

Always go with a low spread broker if you want to scalp. I never take chances with spreads no matter what strategy I’m using.

ReaderTrimble33
Mar 26 at 11:20
20 ieraksti
There are a few tips that you can consider if you want to scalp. You can start with creating a trading plan and employ effective risk management. Try to create strict parameters for entry and exit. This is pretty important so you can work on that to begin with.

Davidtaylorr
Mar 27 at 05:19
31 ieraksti
I’ve heard people going after quick profits but I’ve not heard of quick scalping anywhere. Maybe you got the hint from fast profits or something.

CraigMcG2020
Mar 27 at 14:32
97 ieraksti
Davidtaylorr posted:
I’ve heard people going after quick profits but I’ve not heard of quick scalping anywhere. Maybe you got the hint from fast profits or something.


Yeah me too scalping by nature is quick so all are within a short space of time.

Adribaasmet
Mar 28 at 13:47
947 ieraksti
scalping contains huge risk than others , but in spite of having good knowledge the result from scalping can be useless if there is no money management , so we have to emphasis on this first of all.

Marshalsam877
Mar 31 at 09:21
23 ieraksti
With scalping, try not to focus on just profits or money since it can lead you into taking impulsive decisions. Although Scalping is just about money and people get into it for better returns but if you want to have control over your emotions, you need to look at different aspects as well.

ReaderTrimble33
Mar 31 at 10:46
20 ieraksti
Marshalsam877 posted:
With scalping, try not to focus on just profits or money since it can lead you into taking impulsive decisions. Although Scalping is just about money and people get into it for better returns but if you want to have control over your emotions, you need to look at different aspects as well.

Yes, I agree with you on this one. There are other important things a newbie should look at like knowing when to stop and managing a scalping journal, etc.

Akasuki
Mar 31 at 13:34
244 ieraksti
Scalping is not for newbie. It requires a lot of skills and experience. When a newbie tries to scalp he ends up doing overtrading. It's the story of every new trader.

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