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What is fast forex scalping?

Imamul
Mar 10 at 08:26
595 комментариев
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.

deckking
Mar 10 at 10:22
21 комментариев
Yeah customer support does come in handy when scalping. TDA are my favorites so far helping me with automatic and instant execution, the two most crucial aspects for any scalper.

stevewood
Mar 11 at 05:18
12 комментариев
Is it true that scalping is a kind of risk management technique?

Marshshaun
Mar 11 at 06:56
31 комментариев
stevewood posted:
Is it true that scalping is a kind of risk management technique?

That’s kind of new. On a second thought, any other trade can be turned into a scalp when we take the profit near the 1:1 risk/ reward ratio. So yeah it pretty much seems so.

Ericdier752
Mar 11 at 07:10
59 комментариев
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!?

Ericdier752
Mar 11 at 07:11
59 комментариев
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


Ericdier752
Mar 11 at 07:12
59 комментариев
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.

Sarjohn (Sarjohn)
Mar 11 at 11:37
164 комментариев
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.

Ericdier752
Mar 12 at 06:38
59 комментариев
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?!

Mikehussey
Mar 12 at 07:00
58 комментариев
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.

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