yoseph Posted March 30, 2011 Report Share Posted March 30, 2011 Broker play a great role if you want to scalp, be sure in this Quote Link to comment Share on other sites More sharing options...
CW2 Posted March 31, 2011 Report Share Posted March 31, 2011 Hi dannydon786, What type of trading system You are using? What pairs, time frame? Could You give us more details about your trading system. Thanks Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted March 31, 2011 Report Share Posted March 31, 2011 With all the people against scalping...I need to tell that scalping is the easiest and fastest way to make money and it is easy...........the drawdown is minimal with 1-10 pips and it is better to get out of the trade in a few minutes than be in the trade and take a drawdown of 20-50 pips..........the longer you stay in the trade the risker... i have been using scalping stategy for the last few months and did not have a losing trade so far....the maximum drawdown was 20 pips and the minimum was 1 pip...it just needs patience...let the trade coem to you...dont chase trades!! Hi Danny, can you please fill us in on your scalping strategy? A screen shot plus indicators, template and an explanation would be most appreciated! Diesel10 bedrockbrett 1 Quote Link to comment Share on other sites More sharing options...
soundfx Posted April 1, 2011 Report Share Posted April 1, 2011 (edited) Hi Guys, I agree with Diesel10, that you can be consistently profitable daily with scalping, more so than virtually all other types of trading. However, there's a catch to these "easy pickings" and that is that scalping is THE hardest way to trade and requires a lot of chart watching, concentration, discipline and skill not to mention being quick off the mark at entering trades when momentum is apparent. kiefer, on another thread, has created a document which perfectly outlines how to scalp the markets successfully: http://indo-investasi.com/showthread.php/9466-is-there-any-trader-here-getting-rich?p=142412&viewfull=1#post142412 The odds are that you won't be able to follow keifer's system totally (because it's his system fine tuned for the way he trades and not necessarily for the way you trade), however there are lots of valuable snippets in that doc. which will enable you to make better trades from the system which feels most comfortable to you. Edited April 1, 2011 by soundfx Diesel 10 1 Quote Link to comment Share on other sites More sharing options...
Forturama Posted January 17, 2014 Report Share Posted January 17, 2014 (edited) Profitability depends a lot on the brokerage quality. I've tested some brokers to be sure that scalpers are not banned or have their trades filtered. Until now the best brokers to trade as a scalping are: (I do not like to point the worst brokers, this generates free publicity and google position improvement to them.) -Alpari (uk) - SpediaFX and - InterbankFX. SpediaFX is the only one that I believe it is True ECN.* But the others do not have too many problem such as requotes. Edited January 17, 2014 by Forturama Quote Link to comment Share on other sites More sharing options...
Gad Posted January 20, 2014 Report Share Posted January 20, 2014 if scalping is waste time strategy just cut loss it and make new position... Quote Link to comment Share on other sites More sharing options...
nevergiveup Posted January 20, 2014 Report Share Posted January 20, 2014 Scalping is profitable only when ones scale of operation is high like 5k contracts at a time, it needs scale of operation, retail ones will loose over time. Quote Link to comment Share on other sites More sharing options...
Gad Posted January 21, 2014 Report Share Posted January 21, 2014 Scalping is profitable only when ones scale of operation is high like 5k contracts at a time, it needs scale of operation, retail ones will loose over time. yup, is up to what strategy we do... Quote Link to comment Share on other sites More sharing options...
Lenry Posted January 21, 2014 Report Share Posted January 21, 2014 Scalping is a viable strategy assuming the commissions and spreads are low. I would recommend futures and the NO BS Daytrading guide, commissions on the EUREX and US treasuries are really low, also very liquid. Quote Link to comment Share on other sites More sharing options...
Gad Posted March 6, 2014 Report Share Posted March 6, 2014 Depending on when you scalp, you almost certainly need an EA in order to be able to close the positions quickly. Something like F A P Turbo, did an amazing job in 2008, I recall some sessions where it would scalp one pair 10-12 times in four hours!!! Sometimes those scalps would open and close within the same minute! Sadly scalpers like F AP no longer have anywhere near the same returns because the Asian Session no longer behaves the same way, and fixed spread low brokers are no longer around in that session. They were great days - I took one account from 10K to 27K in 3months, trading at such LOW risk I look back now and want to cry! If I had known more, I would have made probably 100K lol! Quote Link to comment Share on other sites More sharing options...
Gad Posted March 8, 2014 Report Share Posted March 8, 2014 to scalp you must master tyour system and know when you click that your odds are in your favor this can be accomplished best by trading the M S/R points and price action.Throw on your favorite SMA for trend and it really is not hard........................problem is most people have no patience to wait for the trade, they trade to be trading Quote Link to comment Share on other sites More sharing options...
Gad Posted March 10, 2014 Report Share Posted March 10, 2014 I spent a lot of time learning technical analysis chart patterns. But I find that in Forex, the patterns are getting "mushy", carrying less meaning than before. For example, a trend line breakout used to be a reliable signal that the market was going to continue to move vigorously in the direction of the breakout. But In Forex I see trend lines break out, and some of the time they break back in again and resume! So the line is indistinct, mushy soft, rather than a hard and distinct pattern. Quote Link to comment Share on other sites More sharing options...
usok Posted June 26, 2014 Report Share Posted June 26, 2014 its a given scalpers are the most effective and fastest earners in the market but its not easy and a lot blow accounts attempting to come up with a working system, i wont suggest scalping for new comers, I still do swings and position trades, scalp rarely if needed with hotforex Quote Link to comment Share on other sites More sharing options...
Gad Posted June 27, 2014 Report Share Posted June 27, 2014 scalping is expensive. you pay the spread to gain a few pips. Quote Link to comment Share on other sites More sharing options...
Diaz Posted July 22, 2014 Report Share Posted July 22, 2014 scalping is expensive. you pay the spread to gain a few pips. That's why for scalping, we should choose broker which provide trading condition with low spread. We must know that forex trading is not easy as we think. And if we want to get more maximal result, we also must improve our trading skills, especially in understanding market movement Quote FreshForex - fresh view on money Link to comment Share on other sites More sharing options...
Gad Posted July 23, 2014 Report Share Posted July 23, 2014 That's why for scalping, we should choose broker which provide trading condition with low spread. We must know that forex trading is not easy as we think. And if we want to get more maximal result, we also must improve our trading skills, especially in understanding market movement as long you earn the profit, don't think about it... Quote Link to comment Share on other sites More sharing options...
4xmeter Posted July 23, 2014 Report Share Posted July 23, 2014 as long you earn the profit, don't think about it... Y.., it is true. However, if you want to make money with scalping the best option is the the binary one. Binary Option. But, you better have a profitable Forex System. Quote Link to comment Share on other sites More sharing options...
⭐ santoshv2k Posted July 24, 2014 Report Share Posted July 24, 2014 for scalping, all depends on one's trade management. If someone has (Risk:Riward) 1:1, he may need to win more than 70% to succeed or if he has 2:1, it may kill him. Quote Link to comment Share on other sites More sharing options...
Gad Posted July 24, 2014 Report Share Posted July 24, 2014 for scalping, all depends on one's trade management. If someone has (Risk:Riward) 1:1, he may need to win more than 70% to succeed or if he has 2:1, it may kill him. its like a suicide or burried myself alive... Quote Link to comment Share on other sites More sharing options...
seantrade Posted November 21, 2014 Report Share Posted November 21, 2014 Scalping to me is just gambling and a waste of time; what else does entering a trade to make 3 pips and leaving the market sound like if not gambling. Quote Link to comment Share on other sites More sharing options...
jjames Posted November 21, 2014 Report Share Posted November 21, 2014 You need to think about the cost. Scalping can be profitable but not at a regular scam broker with a 2 pip spread on eurusd for example. Think about the cost you make on every execution. Quote Link to comment Share on other sites More sharing options...
gacha Posted November 22, 2014 Report Share Posted November 22, 2014 You need to think about the cost. Scalping can be profitable but not at a regular scam broker with a 2 pip spread on eurusd for example. Think about the cost you make on every execution. surely, traders must has a proper understanding, how spread affect our trading result. for example i had monthly total order at average 150 transaction on EURUSD, at first i use non ecn broker service, 2 pips spread on eurusd which means, 150 x 2 pips, 300 pips monthly cost in total, but now my result getting better as I moved into armada market, an ECN brokerage service with 0.3 spread charged on eurusd, spread cost are 0.7 pips x 150 trades equal to 105 pips monthly cost. have anyone ever consider how spread cost your trade. and yess indeed ecn brokers help me alot, now i have additional 195pips profit. before start and pick up your desired trading style, better consider how much it cost, what benefit and what the risk. scalping are commonly an overtrade system, which means spread does matter with this trading system. all the best for you all. Quote Link to comment Share on other sites More sharing options...
jjames Posted November 22, 2014 Report Share Posted November 22, 2014 Thats why i shifted long time ago to futures. But you have margin requirements and other things but if you wanna do it right it is the way to go imo. Also depends what you trade the most Quote Link to comment Share on other sites More sharing options...
binaryowner Posted February 16, 2015 Report Share Posted February 16, 2015 Thats why i shifted long time ago to futures. But you have margin requirements and other things but if you wanna do it right it is the way to go imo. Also depends what you trade the most Futures are less risk exchange traded contracts however entry margin level is too high for retail traders just testing the waters of financial speculations. I doubt somebody is ready to deposit their 2K and make a business with them in some ill-known sophisticated field like futures. I tried forex with 100 bucks my first broker was Hotforex and my exposure to markets was smooth without excessive emotional pressure or intense learning.. Quote Link to comment Share on other sites More sharing options...
usok Posted February 19, 2015 Report Share Posted February 19, 2015 i wont say scalping is a waste of time, infact the biggest gain in forex trading comes from scalping, but it might not be the best option for newbies, its a bit too risky, and maybe they should stick to swings for starters to get some patience. Quote Link to comment Share on other sites More sharing options...
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