What is fast forex scalping?

Mohammadi posted:
Pin bar is really popular but not for beginners, it is especially for the senior traders who are able to predict the real faction of this market with certainly by means of candlestick. According to me , who are able to make profit consistency by using this pin bar trading strategy , only they are professional in Forex.

Okay so you suggest brushing up skills on this particular tool if I want to scalp?

Ericdier752 posted:

tracepharikson55 posted:

Darrensmith posted:

Ericdier752 posted:
I was kind of wondering why are 15 minute time frames the least favourite of scalpers? Wouldn’t it be easier to read M15 charts on the contrary?

I use 15 minute charts and I have seen it giving me more profits than the smaller frames. I generally see a pips movement of 12-15 and the least I have seen is 7. Obviously this is less compared to mad changes in swing and intraday but scalping is all about squeezing maximum profits out of a small time range. Key is to spot trading opportunities.

Yes when you trade will prove to be extremely critical in scalping. And also the spreads that you get. Should not exceed 30% of your income. That’s why it’s best to go for zero spread accounts.

Can you suggest any?

IG, FXCM, IB, Fxview, Oanda. Ensure that you trade when markets are very active because scalping is all about trading volume. And with spreads less than 1 you can make good profits.

deborahbennett posted:

Ericdier752 posted:

tracepharikson55 posted:

Darrensmith posted:

Ericdier752 posted:
I was kind of wondering why are 15 minute time frames the least favourite of scalpers? Wouldn’t it be easier to read M15 charts on the contrary?

I use 15 minute charts and I have seen it giving me more profits than the smaller frames. I generally see a pips movement of 12-15 and the least I have seen is 7. Obviously this is less compared to mad changes in swing and intraday but scalping is all about squeezing maximum profits out of a small time range. Key is to spot trading opportunities.

Yes when you trade will prove to be extremely critical in scalping. And also the spreads that you get. Should not exceed 30% of your income. That’s why it’s best to go for zero spread accounts.

Can you suggest any?

IG, FXCM, IB, Fxview, Oanda. Ensure that you trade when markets are very active because scalping is all about trading volume. And with spreads less than 1 you can make good profits.

Yes! When you trade is very critical in scalping! Stable markets won’t fetch you anything!

forextrader777 posted:
Scalping itself means that you are making quick profits by taking short positions. There is nothing like quick scalping.

That's right. I've never heard of it too.

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.

tracepharikson55 posted:

Darrensmith posted:

Ericdier752 posted:
I was kind of wondering why are 15 minute time frames the least favourite of scalpers? Wouldn’t it be easier to read M15 charts on the contrary?

I use 15 minute charts and I have seen it giving me more profits than the smaller frames. I generally see a pips movement of 12-15 and the least I have seen is 7. Obviously this is less compared to mad changes in swing and intraday but scalping is all about squeezing maximum profits out of a small time range. Key is to spot trading opportunities.

Yes when you trade will prove to be extremely critical in scalping. And also the spreads that you get. Should not exceed 30% of your income. That’s why it’s best to go for zero spread accounts.

Broker choice is a major factor in trading, especially scalping where you enter multiple positions in which you enter and exit fast.

You can try some other strategies as a beginner instead of scalping.

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.

I never heard the term ‘Quick scalping’.
Scalping is the fast way of trading itself. You can enter and exit the market in just a couple of minutes and can earn a small profit.

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?

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

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

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.

Why not? With right use of high leverage it is very much a possibility.

brishleap posted:
Why not? With right use of high leverage it is very much a possibility.

What about the wrong use of leverage?

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.

Until a beginner understands everything and is confident in his abilities, it makes no sense to use leverage.

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.

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.