What is fast forex scalping?

Kylealker87 posted:
I didn’t know scalping work only in the busiest market hours. The wider spreads and slippage literally ate up my profits.

Yeah that must have been a problem. If you’re planning to start, do so by following the economic calendar and mark all the important market news that has the potential to trigger the important price moves in a shorter time frame.

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.

Kylealker87 posted:
I didn’t know scalping work only in the busiest market hours. The wider spreads and slippage literally ate up my profits.

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.

There are a few tips that you can consider if you want to scalp. You can start with creating a trading plan and employ effective risk management. Try to create strict parameters for entry and exit. This is pretty important so you can work on that to begin with.

I’ve heard people going after quick profits but I’ve not heard of quick scalping anywhere. Maybe you got the hint from fast profits or something.

Davidtaylorr posted:
I’ve heard people going after quick profits but I’ve not heard of quick scalping anywhere. Maybe you got the hint from fast profits or something.

Yeah me too scalping by nature is quick so all are within a short space of time.

scalping contains huge risk than others , but in spite of having good knowledge the result from scalping can be useless if there is no money management , so we have to emphasis on this first of all.

With scalping, try not to focus on just profits or money since it can lead you into taking impulsive decisions. Although Scalping is just about money and people get into it for better returns but if you want to have control over your emotions, you need to look at different aspects as well.

Marshalsam877 posted:
With scalping, try not to focus on just profits or money since it can lead you into taking impulsive decisions. Although Scalping is just about money and people get into it for better returns but if you want to have control over your emotions, you need to look at different aspects as well.

Yes, I agree with you on this one. There are other important things a newbie should look at like knowing when to stop and managing a scalping journal, etc.

Scalping is not for newbie. It requires a lot of skills and experience. When a newbie tries to scalp he ends up doing overtrading. It's the story of every new trader.

DawnDanny posted:

Kylealker87 posted:
I didn’t know scalping work only in the busiest market hours. The wider spreads and slippage literally ate up my profits.

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.

That makes sense and it doesn’t matter what broker you choose as long as they have decent conditions and spreads. I’ve used several tight spread brokers and they have been fine so far. You should not settle for a single platform in my view and keep looking at multiple brokers offering favourable conditions.

the success of scalping depends on your money management ,
 so its more important to make sure first of all the approach how to manage money when trading in practical.

LyudmilLukanov posted:
Scalping is a short time trading strategy that requires only a couple of minutes to trade. They execute several trades for small pips in each trade.

I agree with this comment.

Because I am a trader of this type as well.

To be added is... In pressing the order or sell order, I choose to click on buy or sell at 'Before resistance or support line' of the Time Frames 30M, H1, H4 is important.

And placing an order for a profit of 5-10 pips only

i usually trade on the 15 mins for scalping

Sometimes it only takes me 5-10 minutes to make a profit.

If the time is longer, I have to plan for a new pressing to buy or sell at the next resistance or support line again.

To solve problems at loss.

How about you?

reece22 posted:
i usually trade on the 15 mins for scalping

Me too . High five.

BEHC posted:

LyudmilLukanov posted:
Scalping is a short time trading strategy that requires only a couple of minutes to trade. They execute several trades for small pips in each trade.

I agree with this comment.

Because I am a trader of this type as well.

To be added is... In pressing the order or sell order, I choose to click on buy or sell at 'Before resistance or support line' of the Time Frames 30M, H1, H4 is important.

And placing an order for a profit of 5-10 pips only

Would trading on hourly time frames be scalping?

Most of the new traders use scalping to make quick money from this market.

yes most of beginners always try to bring more profit in very short time but sometimes scalping causes a great risk.