Scalping is a very profitable trading method.
Of course, not everyone can become a scalper. It is necessary to be ready for it.
Scalpers make a lot of short-term transactions within a day. It is very risky. Not every trade can bring the necessary number of pips.
Don't forget about the spreads.
That's why scalpers look for brokers with small spreads and low slippage.
And of course scalping is a trading method for experienced traders.
These people know what they're doing. They know how the market works and they understand which assets they need.
Of course, not everyone can become a scalper. It is necessary to be ready for it.
Scalpers make a lot of short-term transactions within a day. It is very risky. Not every trade can bring the necessary number of pips.
Don't forget about the spreads.
That's why scalpers look for brokers with small spreads and low slippage.
And of course scalping is a trading method for experienced traders.
These people know what they're doing. They know how the market works and they understand which assets they need.
Sep 03 2022 at 14:01
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I don’t think scalping is easy at all. But you can become good at scalping if you learn properly. I think scalping is all about timing and timely decisions. It is risky but profitable at the same time. Only a skilled trader can make a good amount of profits from scalping.
Sep 06 2022 at 14:01
you said exactly , agree with your message.
As per my personal experience scalping is not easy. It requires a timely decision on trading. But this strategy is profitable to some people who are experienced traders and prefer short-term trading within some minutes and seconds.
Forex trading puts pressure on your mentality and sometimes traders become unable to reach a conclusion of their analysis.
For experienced traders, it is easy to the scalp. But in general, for new traders, it is not an easy task. You need to analyze and study the market daily to trade.
Only fewer people around the globe are in profit because if you run a survey, you will see that maximum traders are habituated to committing mistakes but not deriving lessons from them. Lack of passion is responsible for this and traders should reinforce their passion first and foremost.
Scalping is extremly hard. The spread and commission eat any profit
yes most of the brokers dont allow scalping and hedging in their platform. this is a very common problem for the scalpers.
Oct 01 2022 at 12:17
when you have good knowledge and experience you can bring good amount of profit by using any kind of trading strategy even scalping.
Try to begin with Cents account. You are trading Live but with very small amount
Oct 07 2022 at 10:25
No, not at all. scalping is not easy.. it depends upon person-to-person trading strategy in what type is he/she comfortable and rests depends upon their experience and daily market study, how well are they aware of.
Oct 12 2022 at 09:43
Scalping can be the easiest strategy when you have a quick exit strategy and have control over your emotions. But it’s best for the traders who have some hang of the market.
To make profit using scalping 3 important things need to be put in place:
1.Tight Spread: The broker Mt4 account which you are using must be having very tight spread including commissions. Otherwise, spreads will eat all profits.
2.Limited trading time per day: In stead of being greedy, it is important for the trader to fix his trading time either during London session or NewYork session and irrespective of profits or losses, he needs to avoid trading for the rest of the day. Just trade for a few hours every day for scalping and exit after that time period.
3.Semi-Automated trading system: Even small price movements matter during scalping and so manually clicking on Buy, Sell or close button may not work always. The trading needs to be handled by any regular scalping EA which can place BUY, SELL orders, apply stoploss, trailing stop etc based on a standard scalping system and the trader can close trades sometimes if necessary. In this way, stoploss, take profit and trailing stop will be automatically placed for every trade and the trader can just close the trades sometimes if he has already made good profit for a day. Then, exit trading for the day.
These 3 things will boost the scalping trading profit irrespective of any scalping strategy used for trading.
1.Tight Spread: The broker Mt4 account which you are using must be having very tight spread including commissions. Otherwise, spreads will eat all profits.
2.Limited trading time per day: In stead of being greedy, it is important for the trader to fix his trading time either during London session or NewYork session and irrespective of profits or losses, he needs to avoid trading for the rest of the day. Just trade for a few hours every day for scalping and exit after that time period.
3.Semi-Automated trading system: Even small price movements matter during scalping and so manually clicking on Buy, Sell or close button may not work always. The trading needs to be handled by any regular scalping EA which can place BUY, SELL orders, apply stoploss, trailing stop etc based on a standard scalping system and the trader can close trades sometimes if necessary. In this way, stoploss, take profit and trailing stop will be automatically placed for every trade and the trader can just close the trades sometimes if he has already made good profit for a day. Then, exit trading for the day.
These 3 things will boost the scalping trading profit irrespective of any scalping strategy used for trading.
Artificial General Intelligence
Oct 13 2022 at 11:48
right now i am avoiding scalping and looking for reliable a long time trading approach , actually any kind of short time approach contains huge amount of risk.
Actually, forex market itself doesn't care about terminology usually used by typical traders like scalping, day trading, swing trading, high frequency trading etc. Forex market doesn't follow the trader, but the trader needs to adjust his strategy based on change of forex market conditions to maintain his trading performance while sticking into some basic principles of forex trading and his tested trading strategy to continue to make profit and limit the losses while keeping the learning process on.
For example, there are strategies which will place 3 to 4 trades per week or sometimes a month and the trader may get bored and make wrong decisions while trade entry or exit. Same way while using scalping, due to greed the trader might over trade to make profit and might loose all his profits and enter into loss.
So best practice is to maintain a balance between number of trades per day, drawdown %, stoplosses and maximum order holding time etc which can match to the trader's trading psychology and profit/loss expectations which must match with reality of forex market behavior. So me and my team prefer to use a mixed strategy using machine learning or Artificial Intelligence which can work like a combination of scalper and day trader based market conditions at a current time so that you don't get bored of no trades a day or you don't over trade.
For example, there are strategies which will place 3 to 4 trades per week or sometimes a month and the trader may get bored and make wrong decisions while trade entry or exit. Same way while using scalping, due to greed the trader might over trade to make profit and might loose all his profits and enter into loss.
So best practice is to maintain a balance between number of trades per day, drawdown %, stoplosses and maximum order holding time etc which can match to the trader's trading psychology and profit/loss expectations which must match with reality of forex market behavior. So me and my team prefer to use a mixed strategy using machine learning or Artificial Intelligence which can work like a combination of scalper and day trader based market conditions at a current time so that you don't get bored of no trades a day or you don't over trade.
Artificial General Intelligence
Oct 19 2022 at 09:11
AdomKutler posted:
right now i am avoiding scalping and looking for reliable a long time trading approach , actually any kind of short time approach contains huge amount of risk.
if you doing comfortable with scalping so why moving on other trading strategies ?
Scalping can be highly profitable if you have the right knowledge and tools to use in your advantage against the forex market. Also, scalping can be boring sometimes if you are trading actively and you can't trade all the time when there is no market volatility is to even recover the spread also. If you trade, then you will most likely end up in losses.
Also, while using scalping you need to patient sometimes since one loss might wipe out a large chunk of profits and so you need to avoid aggressive trading to recover losses quickly. The account might hold in break even without much profits or losses even while using a good scalping strategy and you need to be patient during those times.
Me personally using mainly scalping(90%) only along with a combination of day trading strategy and quite successful so far, but not all the time. But it is achieved after practicing, learning and trading for more than 15 years of trading. Mastering scalping is not easy, but if you have the right tools, then it can fast forward your learning process.
Also, while using scalping you need to patient sometimes since one loss might wipe out a large chunk of profits and so you need to avoid aggressive trading to recover losses quickly. The account might hold in break even without much profits or losses even while using a good scalping strategy and you need to be patient during those times.
Me personally using mainly scalping(90%) only along with a combination of day trading strategy and quite successful so far, but not all the time. But it is achieved after practicing, learning and trading for more than 15 years of trading. Mastering scalping is not easy, but if you have the right tools, then it can fast forward your learning process.
Artificial General Intelligence
