What is scalping

Discussion in 'For novice traders' started by Francmorio, Sep 21, 2017.

  1. broforex

    broforex Member

    Scalping techniques at forex brokers are no longer new. This technique is widely known by traders to make profit from trading. Scalping is a kind of strategy used by traders to get profits quickly. Scalping uses a low timeframe strategy and this strategy can be used by all traders, both beginners and professionals.
     
  2. liafatlouie

    liafatlouie Member

    Besides scalping techniques, what are the best techniques according to your trading experience, Sir?
     
  3. broforex

    broforex Member

    You also have to be able to deal with stress levels that are higher than day trading. If you are still emotional every time you trade, you should think again before deciding to apply a scalping strategy.
     
  4. liafatlouie

    liafatlouie Member

    So, using scalping techniques must be balanced with the stability of trading psychology, for better results.
     
  5. broforex

    broforex Member

    Scalping strategy users try to profit from these mini momentum, in contrast to other strategy traders who target larger price movements.
     
  6. Tengkorakfx

    Tengkorakfx Active Member

    This requires high accuracy trades since the losing one can eat most of the previous profits. This is a pure technical strategy as they tend to avoid high impact news.
     
  7. liafatlouie

    liafatlouie Member

    So, the current situation in the US presidential election means it's not quite right Sir, if we use scalping techniques?
     
  8. Tengkorakfx

    Tengkorakfx Active Member

    It's still a bit unpredictable. Also the fact that 2020 is almost over is not a good idea to put trades. Just observe the market. Perhaps some manipulations like what happened to JPY couple years ago can be an example.
     
  9. liafatlouie

    liafatlouie Member

    Thanks for the advice Sir! Yes, I agree, it's still a bit unpredictable.
     
  10. andengireng

    andengireng Member

    Scalping is a forex trading strategy in which traders seek to profit from small price changes that occur throughout the day. As is known, prices on forex can fluctuate many times a day. Well, scalping strategy users try to get profit from these mini momentum, in contrast to other strategy traders who target larger price movements. Therefore, a scalping user trader (also known as a "scalper") can open tens to hundreds of trading positions every day. In their view, profit can gradually become a hill as long as big losses do not occur.
     
  11. liafatlouie

    liafatlouie Member

    Due to world conditions like this, which pair should scalping techniques be used?
     
  12. broforex

    broforex Member

    Look, I am a scalper and I never hold my position for a long time (only several minutes) and I always use a big lot, the choice is get so many profit or get a big number of losses. Maybe scalping strategy is not suitable for everyone
     
  13. broforex

    broforex Member

    There's something you need to know: that although scalping looks like an easy way to print small profits in minutes, it really is not that easy. Although in forex trading scalping known quickly to give results, but forex strategy on this one can only give results only if you can take the right decision in a short time.
     
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  15. liafatlouie

    liafatlouie Member

    Most traders like this type, just take 5-10 points profit then close the deal. To increase profits, transactions must be carried out frequently, but hope that with more transactions, the loss of money will also be greater.
    Technical analysis must be mature by multiplying forex signals as a guide. This type of trader needs to avoid fundamental news and not make transactions when news with “High impact” will be released. In addition the traded pairs should be paired with small spreads.
     
  16. broforex

    broforex Member

    It is good that from now on, I can live from forex trading business, it is good for me because forex business is the balance work, I mean you can separate your work with your live, your family, it is important for you. So for you guys, keep work hard and makes some profits.
     
  17. liafatlouie

    liafatlouie Member

    There are so many trading techniques that we can use besides scalping techniques, there are also Fibonacci techniques, and much more, it all depends on which trader is more comfortable.
     
  18. broforex

    broforex Member

    Yes, that's why I told you or other traders here to stay trading with FreshForex, because if you trading with FreshForex there is no requote and slippage is minimum almost 0% of slippage, So if you want to reduce your risk, just continue to trading with FreshForex
     
  19. liafatlouie

    liafatlouie Member

    Yes, I'm very comfortable and comfortable trading with Freshforex.
     
  20. broforex

    broforex Member

    It's depend on you. ECN account usually don't have spreads but there is any commissions. for a new trader, I think you should try with normal account, and the for next time you can try ECN account.
     

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