Sometimes I wonder whether scalping is really helpful for traders to catch some short term quick profit or whether they are simply unsystematic irregular profit making system which may bring huge losses if luck does not favor. So share your thought about scalping with me.
Is Scalping really helpful?
- Thread starter nelsonhimes
- Start date
- Watchers 28
Forget all the years of study and the necessity of at least 10000 hours of practice and analysis- buy my money machine and make cash every day. Yours for £125 cash.
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^^^ never fall for that old chestnut. £125 may seem cheap, the moment you want to print some GBP's and EUR's, he's gonna want an arm and a leg from you for the upgrade.
thats a goood one.. i might as well get me one and spare myself all the hours staring at candle sticks LOL
No matter you are scalper or swinger, basically they are the same, however you need different trading strategies. it's the trader himself make scalping more dangerous and it's his own choice.
I'd been trading like a scalper for some time and think it's taking me too much time.
Now I am trading no more than 10 deals every month on hotforex and I think the result is not bad.
I'd been trading like a scalper for some time and think it's taking me too much time.
Now I am trading no more than 10 deals every month on hotforex and I think the result is not bad.
the only thing I know about scalping, is that it can help us to minimize the loss, the rest, I'm still finding out.
i have seen some scalpers that are brilliant at it and make a fortune and some that are not and bust their accounts time after time. i think it is like all types of forex trading in the sense that it is risky.
it is not for everyone. i myself am just starting out and am very interested in the scalping side of trading, i only have a demo account but have been back testing using a simulators with some degree of success.
dont let other people put you off it by saying it does not work. there is always someone that claims that something does not work you get that in all walks of life. what works for them might not work for you. if it was as simple as does this work then one person would have made a good system and anyone that traded forex would use it and we would all be millionaires. everyone sees the market differently hence the reason you get the winners and losers. i have not found out which category i am in yet as i am a newbie to forex but i am determined and willing to learn. the best thing to do is to keep an open mind if you think your onto something then research it and try it on a demo account account or backtest it. whats the worst that could happen.
it is not for everyone. i myself am just starting out and am very interested in the scalping side of trading, i only have a demo account but have been back testing using a simulators with some degree of success.
dont let other people put you off it by saying it does not work. there is always someone that claims that something does not work you get that in all walks of life. what works for them might not work for you. if it was as simple as does this work then one person would have made a good system and anyone that traded forex would use it and we would all be millionaires. everyone sees the market differently hence the reason you get the winners and losers. i have not found out which category i am in yet as i am a newbie to forex but i am determined and willing to learn. the best thing to do is to keep an open mind if you think your onto something then research it and try it on a demo account account or backtest it. whats the worst that could happen.
Yes, it really depends on different situation. scalpers might have more opportunities and may take much more time. and also the strategy of scalpers will be totally different.
What is the right indicator you use for scalping? share........i use bollinger band indicator for scalping, i buy or sell when the candle is in the upper or lower line especially if it goes out of those line because it will come back inside the bollinger bands again for sure, then i take profit when it hits the middle line but sometimes earlier than that when i feel that it will not hit the middle line.
I use Bollinger too, wait for a breakout and then profit from the retrace, I see variable results. But so far it's been quite good.
This strategy is very useful and advisable for beginners in order for them to appreciate the soul and essence of trading futures contracts. Aside from that, it is also beneficial for those who are just beginning their journey in this platform because it is safe. It is like earning little by little instead of wanting to earn big amount while losing big amounts too...
I think yes as scalping is like those high action thriller movies that keep you on the edge of your seat. It's fast paced, exciting, and mind-rattling all at once. The main objective for scalpers is to grab very small amounts of pips as many times as they can throughout the busiest times of the day.
It is not for those looking to make big wins all the time, but rather for those who like raking in small profits over the long run to make an overall profit.
It is not for those looking to make big wins all the time, but rather for those who like raking in small profits over the long run to make an overall profit.
