scalping

[ForexWarrior2020]

Nice explanation, but for scalping do we need to sit in front of the system the whole day?

No I would choose 2 hours a day. Whether that be in London open or New York open. If none come that day then I don't take any but most of the time there are 3/4 opportunities then the rest of the day is my own

 

[sarah2701]

No I would choose 2 hours a day. Whether that be in London open or New York open. If none come that day then I don't take any but most of the time there are 3/4 opportunities then the rest of the day is my own

Thank you for the suggestion. I will try with this strategy also, let’s see how it goes.

 

[TheMiserableTrader]

As I am new to trading, I have come across a term SCALPING every now and then, can someone explain me briefly about that

If you have the right strategy, it's great. Otherwise, you can lose a lot fast due to how fast the trades either hit TP/SL.

 

[Andy89]

I see many experienced traders here. I currently scalp short term using EURUSD currency pair and would like to try another pair that is similar to EURUSD; any suggestions?

 

[fxoday]

Maybe the most pair traded for scalping is EURUSD, but I think USDJPY also good pair and low spread, different with cross pair like GBPJPY, this risky pair for scalping because of higher spread and volatility.

 

[nahiyar]

You should try fast moving pairs for scalping because scalping is a quick trading method slow trading pairs are not suitable for it. A trader has to open and close positions in just seconds or within a minutes so wait for a time when your pair and market is fast some how volatile and you are having an ability to control it.

 

[fxoday]

Scalping need to use instant execution speed in milliseconds because if use the broker with requote problem it will make stress when play scalping, maybe I in luck use the broker with fast instant execution, so I can scalping or intraday smoothly.,

 

[Fenrilrajas]

Scalping need to use instant execution speed in milliseconds because if use the broker with requote problem it will make stress when play scalping, maybe I in luck use the broker with fast instant execution, so I can scalping or intraday smoothly.,

I personally don't think that scalping can be considered as the good strategy to make money because I guess it brings more risks than intraday trading for example. Everything depends on the reaction of scalpers mainy because it directly affects their income. However scalping requires various combinations of strategies, like stochastic oscillators and other things like that. Of course it's a good way to earn fast money, nevertheless it's also a good way to lose them much faster than on intraday trading. I believe that scalping is a special type of trading which requires lots of analyzes and fast reaction.

 

[Amina El Mehdi]

I personally don't think that scalping can be considered as the good strategy to make money because I guess it brings more risks than intraday trading for example. Everything depends on the reaction of scalpers mainy because it directly affects their income. However scalping requires various combinations of strategies, like stochastic oscillators and other things like that. Of course it's a good way to earn fast money, nevertheless it's also a good way to lose them much faster than on intraday trading. I believe that scalping is a special type of trading which requires lots of analyzes and fast reaction.

That`s why scalping is ONLY for experienced traders.

 

[fxoday]

That`s why scalping is ONLY for experienced traders.

I think not so, traders can use scalping robots, but looking for profitable scalping trading software is not easy, need backtest and practice, but manual trading, yes it needs experience and strong psychology.