id love to know if scalping is actually viable way of trading/ who out there make a small fortune out of scalping..if at all.. considering it, just need to know what's ahead-if it's bears and tigers-or the usual claws in forex???
Hunting for 3 – 5 pips is not viable in my view because of slippage.
Earning money should be boring. If you feel excited or worried, your risk settings are too high.
Mar 08 2013 at 09:37
there are 99% bad systems, 1% good systems.... find them and have an eye on them because
market changes periodically....
market changes periodically....
Geht Nich Gibt´s Nich
if you want to do scalping, you have to control your losses , too many losses will eventually blow your account.
As Kids we believe Anything is Possible; the Trick is to never forget it
I know couple of profitable EAs that scalp for few pips only. They always trade on patterns with high probability, and do trailing stop which involves keep modifying the SLs until you make profit.
I do believe some people do it manually, but it would be very demanding & stressful.
I do believe some people do it manually, but it would be very demanding & stressful.
As Kids we believe Anything is Possible; the Trick is to never forget it
Mar 23 2013 at 19:06
scalping is good if you are able to watch your trades routinely. I am not using EAs for my trades so I cannot advise on EA but if you can keep working and tweaking on EAs you can get some good pips.
Be among the very successful Forex Account Managers.
One should not do scalping unless he/she is skilled enough. They should have well control over their mind. Most of the time scalping leads to over trading and a bad habit.
Jun 07 2021 at 05:50
sfx_systems posted:Yes. You are right. every trader should research the market properly.
there are 99% bad systems, 1% good systems.... find them and have an eye on them because
market changes periodically....
Scalping is not an easy technique. If you are new to forex I'd say stay away from it for a while as you'll have to be on your toes constantly to be profitable. As you learn and gain experience, you can explore scalping.
Jun 09 2021 at 13:34
I prefer scalping as well because it is one of the quickest ways to earn profit. Even though it is risky but with the right strategy and broker, you can make consistent profits in it.
Jun 09 2021 at 17:00
scalping is my all time favorite and love
Scalping is very risky. I think the strategy for scalping should be applied properly. Some many rules and regulations must be obeyed.
I do scalping sometimes but not always. Newbie should not do scalping as it requires good skills. Also scalping can ruin a newbie's trading habit.
@Akasuki Yes newbie should not do scalping. Scalping is done in lower time frame and in the lower time frame market moves a lot. As a result a new trader start over trading without realzing anything.
Jul 04 2021 at 15:38
Scalping is risky but proper education and discipline can make scalping perfect.
I like to do scalping sometimes when odds are in my favor. quick but risky method to make profit.
Jul 20 2021 at 06:02
If you are a day trader or into short term trading, you can try scalping but make sure you know enough about it since it can be a little risky if done without prior knowledge.
Scalping needs a good broker with fast instant execution, I am sometimes trading scalping in my FXOpen broker, usually, I like to close order using the X symbol on the right column. It's a quick way to closed an order instead click right on the ticket order to close.
Jul 21 2021 at 06:41
Scalping requires intelligent trading ideas. Even if the trader cannot manage psychology, scalping will be risky.
