What Is Forex Scalping and How Do You Scalp?

[Heirloom]

Scalping requires more hard work than any other strategy in the market. When you are scalping, you can’t take your eyes off the market even for a second because a wrong trade may ruin all the wins you would have made over time.

 

[forum.forex]

Scalping requires more hard work than any other strategy in the market. When you are scalping, you can’t take your eyes off the market even for a second because a wrong trade may ruin all the wins you would have made over time.

Look every traders know it. If you you share your real eur, usd, gbp, cad, jpy trading experience with us, this will be more helpful for traders. Why you reply with this kind of useless message.

 

[Alricfischer]

Scalping is a great technique to make quick profits, but traders doing scalping should always use risk management strategies to avoid bigger losses. I use a trend trading strategy while scalping where I identify a recent trend, wait for pullback and buy back when the price starts moving in the trending direction.

 

[Verves]

It is important that a scalper chooses his currency pair wisely while scalping. It is always better to avoid exotic currency pairs.

 

[Gorm]

Good trading conditions are an important factor for successful scalping. ForexChief has good conditions for scalping on Direct accounts. But I still don't really like scalping. This style of trading doesn't quite suit me. Or I don't know how to scalp. I prefer regular intraday trading.

 

[SupplyZ]

Good explanation of scalping but not something I like doing I'm too risk aversive

 

[Implumou]

It is important that a scalper chooses his currency pair wisely while scalping. It is always better to avoid exotic currency pairs.

Yes! Exotic currency pairs have the least liquidity. It is very difficult to be profitable trading exotic pairs due to wider spreads.

 

[Bumblebee]

Scalping the forex market refers to making consistent small profits by entering and exiting trades several times a day. These small profits when aggregated makes a good profit in total.
In scalping, you have to enter a trade after you have chosen a currency pair to trade with after analysing the charts for the current time. When the time is right and the profit is okay, exit the trade. Don’t be greedy and wait for days to earn more profit.

 

[Gorm]

Good explanation of scalping but not something I like doing I'm too risk aversive

There is always a risk, whether you use scalping or another trading strategy.