Why are Scalpers hated?

Doomberg

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I've noticed on here and other forums that scalpers seem to get a lot of stick. Personally my style is not so much scalping any more but i have had some success from it in the past and once posted up statements on here with a great win rate and people seemed to get really annoyed by it.

Why are scalpers hated?
 
Hate is a bit strong :LOL:
I couldn't care less what anyone else does.
The only thing I ever mildly object to is anything being portrayed
as the best way, or only way.

Every method has its advantages and disadvantages.
As far as I'm concerned its about matching method to personality type and risk profile.
The best way is simply the way that suits you as an individual, thats it :)
 
I did not notice such adversity .

Maybe because is difficult to grasp and who does grasp it can make 10% per week average?
 
i think, scapling is the strategy of newbies. that's why guru traders don't like these ones. but does it really matter, who likes you, if your strategy is working? :)
 
I've noticed the opposite, lol.

Scalpers (at least the good ones) tend to be seen mystically what with their ability to generate good returns with a lot of small, leveraged trades.

I've never noticed any outright hate...
 
They're not hated as far as I can see. And if you want serious love as a scalper, just open an SB account. SB companies LOVE scalpers - they make a fortune off them for the most part. :LOL:
 
SB companies may not mind you scalping the market, but they're not so keen on you scalping them. Try it and see how long your account lasts, if you're any good at it. (n)
 
Alex i agree they can sometimes mess you about, i had a night of scalping and after about 40 trades they slowed things considerably
 
Alex i agree they can sometimes mess you about, i had a night of scalping and after about 40 trades they slowed things considerably

You cannot scalp successfully using a traditional SB company.

You might have a chance with one of the newer DMA SB companies, but you'd have to be doing pretty serious volume to get the costs down to the point where it is viable.
 
Guys

I am not sure what you talking about but do you think is possible to scalp spot forex, any pair with less than 1 pip spread? Because I do nearly every day.

Scalping is an art form, is not something that is given to you, borrowed from somebody else or surface by itself. It only can be obtained through the blood, sweat and tears of committing oneself to countless hours of studying the markets, patterns, setups and price action principles.
 
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Mike i agree, anyone who thinks it's impossible to scalp forex or SB is incorrect
 
Yes Doomberg very much possible, I even scalp eurusd, during Asian session, (my spread is 0.7 ), of course my TP and SL are shorten during that session.

I have to stress tough the fact that sometime I have to monitor the chart for more then 2 hours without initiating a position, but that does not bother me because I am active without having one.
 
Mike i agree, anyone who thinks it's impossible to scalp forex or SB is incorrect

Trading spot forex with an SB or retail forex broker is like doing business in the Wild West.

At the very least you should have a real broker rather than a bucketeer who has a hundred ways to scalp you. You can use these brokers profitably for some things (including short-term trading), but if you want to scalp, forget it.

You need to trade with a real broker who is not taking the other side of your trades - then you will have a paper-thin chance of success.

When you say "anyone who thinks it's impossible to scalp forex or SB is incorrect", I presume you're basing this judgement on your extended period of making a good living from scalping using an SB company or retail forex bucketshop? :rolleyes:
 
Leopards bang on there.
Costs are lower with an ECN.

Also get a futures demo or something, pull up a 6E feed and compare that to
a bucketshop EURUSD feed.
The bucketshop smooths minor price fluctuations and skews the spread either side
of mid price in their favour - not enough to arb it (spreads too wide).

Bucketshops are fine for swing trading, longer term intra trades or
hedging a position if your primary broker goes t1ts up.

Scalping for a tick or two with a bucketshop is pointless, even if you can do it, and they don't put
you on dealer referral, your costs are still higher than with an ECN.
 
Trading spot forex with an SB or retail forex broker is like doing business in the Wild West.

At the very least you should have a real broker rather than a bucketeer who has a hundred ways to scalp you. You can use these brokers profitably for some things (including short-term trading), but if you want to scalp, forget it.

You need to trade with a real broker who is not taking the other side of your trades - then you will have a paper-thin chance of success.

When you say "anyone who thinks it's impossible to scalp forex or SB is incorrect", I presume you're basing this judgement on your extended period of making a good living from scalping using an SB company or retail forex bucketshop? :rolleyes:

Sure, my experience is limited and i don't claim to be a legendary trader in fact i've not had time to day trade this year but i don't see how you can say that SB will rape you. Surely the price that goes out to me for EUR/USD is the same chart by the micro pip that will go to you. And if your strategy will work on DMA i can't see why it won't work on SB. I can't see million sometimes billion £ firms taking risks to do over a scalper
 
Trading spot forex with an SB or retail forex broker is like doing business in the Wild West.

At the very least you should have a real broker rather than a bucketeer who has a hundred ways to scalp you. You can use these brokers profitably for some things (including short-term trading), but if you want to scalp, forget it.

You need to trade with a real broker who is not taking the other side of your trades - then you will have a paper-thin chance of success.

When you say "anyone who thinks it's impossible to scalp forex or SB is incorrect", I presume you're basing this judgement on your extended period of making a good living from scalping using an SB company or retail forex bucketshop? :rolleyes:

Leopard

Yes, you need a decent broker and a few are there.

The advantages for an aspirant scalper, trading forex is that he can start very small to be able to learn, once the knowledge becomes second skin and his capital has reached levels that needs to be protected he/she has the choice to shop around for safer deals if necessary.

But the point remain the same, can you make money scalping eursusd? Yes, in my view and a lot of it. Easy? no way, but doable.
 
I'm not trying to be combative - in fact I'm trying to be helpful. So in answer to your post:

Sure, my experience is limited and i don't claim to be a legendary trader in fact i've not had time to day trade this year...

It's big of you to admit that. Most people on trading forums make millions of pounds a year :LOL:. But given what you've said, how can you claim that it's wrong to say you can't make a living scalping spot forex with an SB or retail bucketshop? At the very least, you don't know.

i don't see how you can say that SB will rape you. Surely the price that goes out to me for EUR/USD is the same chart by the micro pip that will go to you.

Wrong. The price that goes out to you won't even be the price that goes out to your SB company or bucketshop. On this topic, what is the actual price at any given moment? You know what it is on an exchange-traded product, but OTC? It's whatever someone says it is, effectively. This might matter or it might not.

And if your strategy will work on DMA i can't see why it won't work on SB.

Because with DMA it is in your broker's interests that you win, keep trading, and keep paying commissions and fees. Trading with an SB/bucketshop, they are on the other side of your trade. That doesn't mean you can't use them or that they don't want profitable customers - you can, and they do. But they want profitable customers they can make money off, and this does not include scalpers.


I can't see million sometimes billion £ firms taking risks to do over a scalper

They wouldn't be million / billion firms very long if it became known that you could scalp profitably with them. They'd be bust within a few months. You have to understand that if you start making good money from scalping, you are hurting them. They will not allow this to continue, and frankly, why should they?

You can use traditional SB firms to trade profitably - even if you are trading short term. They will gouge you of course, but that is a cost of doing business. In fairness, it's probably not a bad price to pay for all the advantages and features they offer, particularly when starting out.

But when (if) you get bigger, it just doesn't make any sense to stay with them. Go to a real broker where there are no tricks, costs are lower (real costs are NOT the narrow spread you see on your EUR/USD SB ticket), and you are trading in the real market.

If you really want SB, there are (as far as I am aware) two companies that offer actual DMA, for futures at least. You pay more than you would with a regular broker, but you get the SB wrapper and costs are still lower than you get with the "high street" SB companies. But most important, they are not on the other side of your trade.

SB companies and bucketshops don't care if you are profitable - they care if they are profitable. They use lots of means to ensure that they are. If you can overcome these, you can trade profitably with them, but you cannot do this if you are using them to scalp, because your profit knocks their profit. If you want to use them, you need to trade in such a way that they make money from your trades as well as you.
 
But the point remain the same, can you make money scalping eursusd? Yes, in my view and a lot of it. Easy? no way, but doable.

Yes you can - not a lot, but rather a fortune beyond what most people are even capable of dreaming of. But you will not do that scalping with an SB company or a retail bucketshop. That is the point I am making - you need to be taking money from other traders, not your broker. And successful scalpers take money from their broker if they are using a bucketshop or SB company, which is why they will get shut down as soon as they become problematic.
 
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