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What is fast forex scalping?

Ericdier752
Mar 01 2021 at 08:25
59 โพสต์
richardmarcus posted:
Ericdier752 posted:
I am new to trading. About to initiate scalping. Is there a thing called quick scalping?
What do you recommend?

Hi there. You wont be able to generate huge profits with that... less time frames high leverage is what you will need in order to trade.

I am open to using leverage

Ericdier752
Mar 01 2021 at 08:25
59 โพสต์
ele020 posted:
Ericdier752 posted:
bax699 posted:
Its all about being in and out of the markets in minutes. Scalpers dont hold trades for a long time unless theyre heavily in profit and have trailing stops

How would trailing stops make a difference here? Are they better to use than fixed stops?

trailing stop loss allows you to kind of book your profit. But for this to happen, first the price needs to earn the pips defined for the trailing stop loss, once it triggered your position will never close at loss. However, if the trailing stop loss level didn't hit at all, and the price moves against your trade your position will remain open and keep on adding the losses until you close it yourself. So that best way is, you can place trailing stop loss and stop loss both.

Using both I think would require a certain kind of skill and expertise, don’t you think?

Mikehussey
Mar 02 2021 at 13:33
58 โพสต์
harrymartinez posted:
williamhayes posted:
Harry! All cars can take you from A to B, but some might be able to do so in 3 minutes while some under a minute. You know what I mean, there ARE differences. Some broker platforms will give you technical glitches, hard time in order execution, hide stuff, there are so many things.

That’s why I said “in the same league” I found no noticeable changes in cmc markets, fxview or etoro.

Also let’s not forget some will just end up scamming you straight.

EdenStrategies
forex_trader_[1996705]
Mar 02 2021 at 15:16
18 โพสต์
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.

harrymartinez
Mar 03 2021 at 06:57
21 โพสต์
@Mike I never use brokers that are not regulated by many financial authorities for that very reason.

Ericdier752
Mar 03 2021 at 07:11
59 โพสต์
PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.

What are the indicators that you are using for entry / exit? I would like to know more about your strategy if you don’t mind sharing, thanks.

Zipp7
Mar 03 2021 at 07:15
9 โพสต์
Ericdier752 posted:
PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.

What are the indicators that you are using for entry / exit? I would like to know more about your strategy if you don’t mind sharing, thanks.

They are basically stop loss to avoid the losses in case the trading is not going the way you want it to be.

Elena Triston (ele020)
Mar 03 2021 at 07:16
219 โพสต์
PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.

Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping

The more your practice, the more you learn.
EdenStrategies
forex_trader_[1996705]
Mar 03 2021 at 07:25
18 โพสต์
Ericdier752 posted:
PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.

What are the indicators that you are using for entry / exit? I would like to know more about your strategy if you don’t mind sharing, thanks.


Stoploss and exiting market when needed, parabolic sars,mcd and rsi. Those indicators allow me to identify trends. And don't forget to use broker this is not bucket shop, i have a client her broker have refused her to withdraw because $3700 initial deposit was turned to $63,000 in 7 weeks, we are battling that now, i checked out and saw they are bucketshop broker, and im very mad.
They are saying she could only take her initital and halfbof the profits. Please always check broker before you open with them.

Gleywilleyy
Mar 03 2021 at 09:42
47 โพสต์
ele020 posted:
PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.

Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping

You are absolutely right. With the increase in price, trailing stops also get dragged with it. But when the price stops at one point, the new stop loss price remains at the price it was dragged to. This automatically protects the downside and locks in the profits as the price reaches new highs.

EdenStrategies
forex_trader_[1996705]
Mar 03 2021 at 10:52
18 โพสต์
Gleywilleyy posted:
ele020 posted:
PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.

Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping

You are absolutely right. With the increase in price, trailing stops also get dragged with it. But when the price stops at one point, the new stop loss price remains at the price it was dragged to. This automatically protects the downside and locks in the profits as the price reaches new highs.



Correct

EdenStrategies
forex_trader_[1996705]
Mar 03 2021 at 11:50
18 โพสต์
ele020 posted:
PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.

Thats a good scalping strategy..... Short profits just get eaten up by spreads when you are scalping

Yes, i scalp huge profits and low stops

EdenStrategies
forex_trader_[1996705]
Mar 03 2021 at 11:52
18 โพสต์
Ericdier752 posted:
PensionPay posted:
I scalp too, but you must to master the act of scalping so you can be making good returns from each scalp.
I scalp when the market presents that, abd i dont scalp for low profits, i scalp and maje sure i come out with high profits with a very minimum risk.

What are the indicators that you are using for entry / exit? I would like to know more about your strategy if you don’t mind sharing, thanks.

And being experience makes it more fun, you can whatapps me from my whatsapp number on my profile.

gildlef
Mar 03 2021 at 12:30
27 โพสต์
The best part about using trailing stops in combination with stop loss is that each upward price tick means further minimizing potential losses. In the beginning, I refrained from using trailing stops while trading with XTB. But after knowing that it can make a significant improvement in my profits, I started using it with stop loss with my new broker fxview. Turned out to be a good decision with added protection.

rosellemunsays
Mar 04 2021 at 11:12
27 โพสต์
I generally use trailing stop loss while using the trend following strategy. This helps in reaping substantial gains that make up for the losses I have already experienced because of the range-bound security.

Josuvaphilip
Mar 04 2021 at 12:25
27 โพสต์
harrymartinez posted:
williamhayes posted:
Harry! All cars can take you from A to B, but some might be able to do so in 3 minutes while some under a minute. You know what I mean, there ARE differences. Some broker platforms will give you technical glitches, hard time in order execution, hide stuff, there are so many things.

That’s why I said “in the same league” I found no noticeable changes in cmc markets, fxview or etoro.

All brokers offer the same things. But they are not all good in all the features they offer. Some brokers are good with their trading platforms while others are good with their commissions. You have to check what you need the most and make your choice accordingly.

Marshshaun
Mar 05 2021 at 05:07
31 โพสต์
It’s true that scalping gets you quick profits. But I am not sure about the specific term, “quick scalping”. If you are thinking about scalping, as a beginner, you can go for the one-minute scalping strategy. All you have to do is open a position, make a few pips, and close the position shortly afterward.

Mikehussey
Mar 05 2021 at 06:43
58 โพสต์
Marshshaun posted:
It’s true that scalping gets you quick profits. But I am not sure about the specific term, “quick scalping”. If you are thinking about scalping, as a beginner, you can go for the one-minute scalping strategy. All you have to do is open a position, make a few pips, and close the position shortly afterward.

I will not advise you to go for scalping if you are not 100% sure about how to make your way through it. It is not as simple as it looks so better be prepared for it.

williamhayes
Mar 06 2021 at 05:22
39 โพสต์
What I believe is that every strategy requires some hard work and practice. No one is born an expert isn’t it.

joastdaffy
Mar 06 2021 at 10:52
24 โพสต์
Marshshaun posted:
It’s true that scalping gets you quick profits. But I am not sure about the specific term, “quick scalping”. If you are thinking about scalping, as a beginner, you can go for the one-minute scalping strategy. All you have to do is open a position, make a few pips, and close the position shortly afterward.

That’s correct! In order to learn how to scalp, a person should at least have a good understanding of trading higher time frames. I might try scalping some time soon and for now I’m thinking about continuing practising and improving on some demos with xtb and fxview. Need to be prepared for scalping if I’m getting serious about it. Might have to take a course or two as well.

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