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Scalping
cisco6
post Jul 23 2012, 07:33 PM
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Has anyone here tried scalping? Do you recommend this to newbie traders?
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sheng80
post Apr 3 2013, 10:01 PM
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QUOTE (cisco6 @ Jul 24 2012, 11:33 AM) *
Has anyone here tried scalping? Do you recommend this to newbie traders?


A lot of traders advice newbies to stay away from scalping, especially if you don't have much time to spend trading. You need to be staring at your screen for the majority of time you are trading especially on really short time frames. P.S. find a good broker with really low spreads cause you will be opening and closing trades a lot in scalping compared to other methods, I'm just glad my current broker, profiforex, has really tight spreads.
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uncle gober
post Apr 8 2013, 07:12 AM
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QUOTE (cisco6 @ Jul 24 2012, 10:33 AM) *
Has anyone here tried scalping? Do you recommend this to newbie traders?

I am doing scalping with my armadamarkets account, they are currently the top forex broker for tick scalping EA's. Perfect trading conditions for scalpers because of the low spreads. I think the main point is not on newbie or not, but are you mastering the trading sistem or not.


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bkruch
post Apr 8 2013, 11:05 PM
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Scalping is the best strategy for me. I've big experience in forex trading and already tried many strategies. but you have to be careful with scalping, because you can win a lot and lose a lot as well.
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UMOFX IB
post Apr 13 2013, 05:37 AM
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QUOTE (cisco6 @ Jul 23 2012, 08:33 PM) *
Has anyone here tried scalping? Do you recommend this to newbie traders?

Scalping requires proper knowledge and experience it is risky also. Although in scalping we can earn lot of profit but many traders fails in scalping due to lack of proper knowledge and experience. We should know the proper money management skills before scalping.


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ExtremeBlogger
post Apr 28 2013, 09:09 AM
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Scalping is hard to do. Small stops + fast trades. Thsi requires tape reading skills. Definitely not suitable for beginners. If you're a beginner focus on the 1H time frame and higher to trade. Works best for beginners. Good luck!
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ForexAdvantage
post May 1 2013, 02:09 AM
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QUOTE (ExtremeBlogger @ Apr 28 2013, 09:09 AM) *
Scalping is hard to do. Small stops + fast trades. Thsi requires tape reading skills. Definitely not suitable for beginners. If you're a beginner focus on the 1H time frame and higher to trade. Works best for beginners. Good luck!


I agree with you. Most traders cannot scalp, unless they have some required innate capabilities. It is true that real pro scalpers can multiply their accounts extremely fast, but they have to pay off by giving up most of the interesting parts of their lives. Scalpers need 130% concentration.


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raybenz1983
post May 3 2013, 05:38 PM
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A trading strategy that attempts to make many profits on small price changes. Traders who implement this strategy will place anywhere from 10 to a couple hundred trades in a single day in the belief that small moves in stock price are easier to catch than large ones.


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Rambo35
post May 9 2013, 08:51 AM
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QUOTE (cisco6 @ Jul 23 2012, 07:33 PM) *
Has anyone here tried scalping? Do you recommend this to newbie traders?


I would recommend that you learn the basics first and then focus on your trading strategy. Scalping, just like any other strategy, can be great as well as devastating depending on the trader.
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UMOFX IB
post May 11 2013, 11:27 PM
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QUOTE (cisco6 @ Jul 23 2012, 08:33 PM) *
Has anyone here tried scalping? Do you recommend this to newbie traders?

For newbies scalping is not good it requires proper knowledge and experience which can be obtain through proper practice. We can earn lot of profit in a short time but scalping is risky also so trader have to trade with proper planning to get positive results from scalping.


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Rambo35
post May 15 2013, 11:45 PM
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QUOTE (UMOFX IB @ May 11 2013, 11:27 PM) *
For newbies scalping is not good it requires proper knowledge and experience which can be obtain through proper practice. We can earn lot of profit in a short time but scalping is risky also so trader have to trade with proper planning to get positive results from scalping.


That applies to every strategy. Without knowledge you will never be profitable, scalping or not.
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