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What is fast forex scalping?

Darrensmith
Feb 10 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 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 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 at 10:16
17 ieraksti
Why not? With right use of high leverage it is very much a possibility.

jaspertan
Feb 11 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 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 at 08:12
60 ieraksti
Until a beginner understands everything and is confident in his abilities, it makes no sense to use leverage.

Darrensmith
Feb 12 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 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 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?

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