To use chat, please login.
Back to contacts

What is fast forex scalping?

Ericdier752
Feb 05 2021 at 07:46
59 ieraksti
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
23 ieraksti
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
37 ieraksti
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
137 ieraksti
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
364 ieraksti
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
25 ieraksti
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
15 ieraksti
You can try some other strategies as a beginner instead of scalping.
Joz8
Feb 09 2021 at 05:05
104 ieraksti
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
48 ieraksti
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
24 ieraksti
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
37 ieraksti
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
59 ieraksti
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
59 ieraksti
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
17 ieraksti
Why not? With right use of high leverage it is very much a possibility.
jaspertan
Feb 11 2021 at 04:57
15 ieraksti
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
25 ieraksti
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
65 ieraksti
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
37 ieraksti
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
58 ieraksti
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
59 ieraksti
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?
Lūdzu ienāciet, lai komentētu.