What is fast forex scalping?
Sar John (Sarjohn)
Medlem sedan Dec 28, 2020
187 inlägg
Mar 11, 2021 at 11:37
Ericdier752 posted:I feel exponential moving average is way better.Sarjohn posted:I have been using both RSI and MACD so far. With moving average I don’t know which is better - simple or exponentialEricdier752 posted:I use Moving average and RSI strategy. And what strategy do you use?Sarjohn posted:What’s the strategy you use? If you don’t mind sharing that is
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.
Medlem sedan Sep 30, 2020
58 inlägg
Mar 12, 2021 at 07:00
antonyhollinwooe posted: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.
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.
Medlem sedan Jul 01, 2020
28 inlägg
Mar 12, 2021 at 12:03
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.
Medlem sedan Nov 07, 2020
15 inlägg
Mar 13, 2021 at 09:51
@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.
Medlem sedan Nov 18, 2020
23 inlägg
Mar 13, 2021 at 11:43
Harshalmark09 posted: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.
@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.
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!
Medlem sedan Nov 24, 2020
33 inlägg
Mar 15, 2021 at 05:03
I want to try scalping but I have set my foot in day trading and now I am scared to try any other method.
Sar John (Sarjohn)
Medlem sedan Dec 28, 2020
187 inlägg
Mar 16, 2021 at 08:21
Ericdier752 posted:Yes it is fast and sometimes I have faced the wrong signals but not always, but it is ok your analysis can’t be correct every time.Sarjohn posted:Because it’s fast? But doesn’t that also lead to a lot of false signals?!Ericdier752 posted:I feel exponential moving average is way better.Sarjohn posted:I have been using both RSI and MACD so far. With moving average I don’t know which is better - simple or exponentialEricdier752 posted:I use Moving average and RSI strategy. And what strategy do you use?Sarjohn posted:What’s the strategy you use? If you don’t mind sharing that is
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.
Mar 16, 2021 at 09:26
As you are planning to scalp, I am sure that you already know that you will have to keep yourself updated with the current news. You might also have to take the risk of trading the latest or future events that are expected to trigger price movements. I also scalp with robinhood sometimes and watch the high and low price movements to gauge the direction over the short-term.
Elena Triston (ele020)
Medlem sedan Apr 15, 2020
219 inlägg
Mar 16, 2021 at 09:36
josejames posted:Along with all the factors you mentioned, one should also be careful for the spreads which definitely widen during news releases.
As you are planning to scalp, I am sure that you already know that you will have to keep yourself updated with the current news. You might also have to take the risk of trading the latest or future events that are expected to trigger price movements. I also scalp with robinhood sometimes and watch the high and low price movements to gauge the direction over the short-term.
The more your practice, the more you learn.
Medlem sedan Jan 11, 2019
147 inlägg
Mar 16, 2021 at 11:49
Hearing this term for the first timee.
Medlem sedan Oct 07, 2020
104 inlägg
Mar 17, 2021 at 05:28
Gracewilson1995 posted:Forex scalping is a trading style used by forex traders to buy or sell a currency pair and then hold it for a short period of time in an attempt to make a profit. A forex scalper looks to make a large number of trades, taking advantage of the small price movements which are common throughout the day.
Hearing this term for the first timee.
Medlem sedan Oct 29, 2020
53 inlägg
Mar 19, 2021 at 05:29
When you are trying to become a scalper, you will be required to have very good, reliable access to the market makers. You will also need a trading platform that allows you to buy and sell currency pairs quickly and easily, because the execution may take place in a fraction of a second.
Sar John (Sarjohn)
Medlem sedan Dec 28, 2020
187 inlägg
Mar 22, 2021 at 08:09
Ericdier752 posted:Hahaha that’s true.. Forex is a very unpredictable market so everybody should be prepared for losses and for incorrect outcomes of your analysis work too.Sarjohn posted:True! If only there was a tool that worked 100% every time, that itself would have cost a million dollars :)Ericdier752 posted:Yes it is fast and sometimes I have faced the wrong signals but not always, but it is ok your analysis can’t be correct every time.Sarjohn posted:Because it’s fast? But doesn’t that also lead to a lot of false signals?!Ericdier752 posted:I feel exponential moving average is way better.Sarjohn posted:I have been using both RSI and MACD so far. With moving average I don’t know which is better - simple or exponentialEricdier752 posted:I use Moving average and RSI strategy. And what strategy do you use?Sarjohn posted:What’s the strategy you use? If you don’t mind sharing that is
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.
Medlem sedan Nov 24, 2020
33 inlägg
Mar 23, 2021 at 04:48
Are there any rules I need to follow for a long entry?
Medlem sedan Oct 07, 2020
104 inlägg
Mar 23, 2021 at 08:52
phillipgriffin posted:just some basic trading knowledge
Are there any rules I need to follow for a long entry?
Medlem sedan Nov 11, 2020
34 inlägg
Mar 24, 2021 at 11:20
I didn’t know scalping work only in the busiest market hours. The wider spreads and slippage literally ate up my profits.
Medlem sedan Feb 23, 2021
330 inlägg
Mar 25, 2021 at 11:05
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.
Mar 26, 2021 at 09:26
Kylealker87 posted: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.
I didn’t know scalping work only in the busiest market hours. The wider spreads and slippage literally ate up my profits.
