hard to make money as scalper if you have to pay 20% of your profit to your FX broker via spread...I used to try scalping but it didn't work for me...Its better to hold your trades longer...
How many trades do you make daily? (for scalpers) 28 replies
Scalpers Hourly Range Indicator (TSR tweeked for scalpers) 2 replies
Scalpers Lounge: for scalpers to share thoughts, ideas, and plays 88 replies
Synergy Method For Scalpers and Scalpers Hourly Range Calculator (Based on TSR) 22 replies
Scalpers make more 31 replies
DislikedI most certainly do. I am not only a scalper, but also a Counter Trend (CT) scalper. I don't aim for 5-10 pip scalps, but if that is all I get I am always happy. The most important thing for me is that at some point, my trades do at least get to a 5 pip profit level. I trade 500 lots, at 400:1 leverage. I run a very tight Beak Even +1 pip at 5 pips profit with an EA. I trade at 2.5 lots per $1,000 of account equity. Each week I start each of my 5 trading accounts with $40,000, $200,000 collectively. A 10 pip trade to me is 25% equity profit. I generally...Ignored
DislikedI know many who are making money with scalping but i am wondering to know is scalping is still best method to earn money in Forex as a newbie?Ignored
Dislikedif you looking for scalp, can start place short/buy at daily high/low. RR is 1:2 max. Not saying i do scalp all time but sometimes, yeah. Just a suggestion tho.Ignored
Disliked{quote} That's not scalping, "Traders who implement this strategy 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;" - InvestopediaIgnored
DislikedI know many who are making money with scalping but i am wondering to know is scalping is still best method to earn money in Forex as a newbie?Ignored
Disliked{quote} Are you sure? Scalping is a trading style specializing in taking profits on small price changes, generally soon after a trade has been entered and has become profitable."- Investopedia . Doesnt matter how many trades in a day. as long you taking small profits.Ignored
DislikedI most certainly do. I am not only a scalper, but also a Counter Trend (CT) scalper. I don't aim for 5-10 pip scalps, but if that is all I get I am always happy. The most important thing for me is that at some point, my trades do at least get to a 5 pip profit level. I trade 500 lots, at 400:1 leverage. I run a very tight Beak Even +1 pip at 5 pips profit with an EA. I trade at 2.5 lots per $1,000 of account equity. Each week I start each of my 5 trading accounts with $40,000, $200,000 collectively. A 10 pip trade to me is 25% equity profit. I generally...Ignored