What Is Forex scalping?

Discussion in 'For novice traders' started by Francmorio, Jan 27, 2020.

  1. Francmorio

    Francmorio Member

    Scalping is a method of trading based on real-time technical analysis. When it comes to forex trading, scalping generally refers to making a large number of trades that each produce small profits. Rather than holding a position for several hours, days or weeks, the main goal of scalping is to make a profit in as little as a few minutes, gaining a few pips at a time.
     
  2. liafatlouie

    liafatlouie Member

    Yes, the first comment :D
    Scalping is a method that many traders use. Do you like scalping or using other techniques?
     
  3. Tengkorakfx

    Tengkorakfx Member

    Sometimes I scalp on m5 and zoom in to m1 for an exit confirmation. But scalping requires you to babysit your trades so you have to spend around 2-3 hours to look for better trading opportunities
     
  4. liafatlouie

    liafatlouie Member

    A tiring time if using scalping. Must be in good condition :D
     
  5. broforex

    broforex Member

    Scalping technique is a method where a trader takes small profits periodically by opening and closing a position several times a day. In this way, traders try to get profit when fast movements occur. A scalper will act quickly when the release of economic data or significant news that affects economic movements in progress.
     
  6. ShelleyRoulp

    ShelleyRoulp New Member

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  7. liafatlouie

    liafatlouie Member

    What timeframe is good for using the scalping technique?
     
  8. broforex

    broforex Member

    For me, I usually use H1 to make some analysis, and look at TF 1M (1 minute) to make an action, if you get some profit just take it, no need to put TP, just put your SL, remember, SL is always important.
     
  9. liafatlouie

    liafatlouie Member

    Thank you for sharing. That means a lot to me.
    Ok, I will remember to put SL.
     
  10. broforex

    broforex Member

    Everybody is aware about this virus, so many people lost their job about this issue, but if you still doing forex trading, I think you will get another cashflow, don't let Corona virus beat you. Stay at home, stay trading!
     
  11. liafatlouie

    liafatlouie Member

    You right, Sir!
    We continue to struggle at home and can make money through Forex trading.
     
  12. Tengkorakfx

    Tengkorakfx Member

    Plus you have more time to learn Forex better than when it was previously normal since you're always at your home and in front of your gadget
     
  13. liafatlouie

    liafatlouie Member

    It's true before the pandemic I was very busy with activities in the real world besides trading too. Therefore, I can improve my trading skills while at home.
     
  14. broforex

    broforex Member

    The best scalping technique using stochastic, is commonly discussed in trading blogs. 1 Minute Scalping With Moving Average cannot be used on all currency pairs, but only for currency pairs with large fluctuations in London and New York trading sessions. If used on a currency whose movements are calm, the trading signal will be minimal even though this includes the best scalping techniques
     
    liafatlouie likes this.
  15. liafatlouie

    liafatlouie Member

    Many brokers prohibit the use of scalping techniques and even traders' accounts will be banned if they use that technique. Fortunately, at Freshforex we can use scalping techniques comfortably.
     
  16. Tengkorakfx

    Tengkorakfx Member

    Some may prohibit scalping technique, even some may making the spreads bigger so that scalpers couldn't take advantage of the trading in real account. You may have to check the real accounts before making deposits
     
  17. liafatlouie

    liafatlouie Member

    Like Exness broker which cancels all profits when using scalping techniques, it is very detrimental to traders, in advertisements as allowed but in reality, it is difficult to get profit.
     
  18. broforex

    broforex Member

    Every trader can develop their own scalping strategy, but without denying the typical characters in the above scalping sense. Unfortunately, not all forex brokers allow scalping. So, if you are interested in practicing scalping while learning forex, it is better to ask the broker that is used about whether they allow scalping strategies or not.
     
  19. GeraldThunc

    GeraldThunc New Member

    Hey da

    What a twist, I was laughing so hard when Pig came to unban and said it is your IP.

    Hop on our Discord from time to time, would be nice to have a chat
     
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