What does a scalper do?

[FXOpen Trader]

On 3/16/2023 at 7:41 PM, bigxy said:

Entering and exiting from trading marketplace is called scalping which can be risky for the new traders so they should trade on longer time frames.

When we are doing scalping based  we tend to understand the market timings.

[bigxy]

Scalpers, in my opinion, only have been trading on smaller timeframes getting in and out of the market however they can make more during the volatility of markets. 

[RolexFX]

As far as I know, scalpers open a large number of positions in a single day and always employ the shortest time period. 

And since I trade with FP Markets, it is an advantage because of their faster execution and lower spreads.

[radex78]

Scalping could be a profitable trading strategy if we understand how. This will get more benefit with choosing low spread broker like FXOpen, for scalping trading we can choose EURUSD, USDJPY, and GBPUSD, and working in a small timeframe, like M5, even we can use M1 to get detailed prices for the short term. 

[FXOpen Trader]

On 6/1/2023 at 4:13 AM, radex78 said:

Scalping could be a profitable trading strategy if we understand how. This will get more benefit with choosing low spread broker like FXOpen, for scalping trading we can choose EURUSD, USDJPY, and GBPUSD, and working in a small timeframe, like M5, even we can use M1 to get detailed prices for the short term. 

We can make profits if we are trading in the correct time zones and with a proper trading based plan.

[Upoctin]

A scalper is an individual or entity engaged in the practice of scalping, a trading strategy focused on making small, quick profits from the frequent buying and selling of financial instruments like stocks, currencies, or cryptocurrencies. Scalpers aim to capitalize on short-term price fluctuations, exploiting minor market inefficiencies. They typically execute a large number of trades in a single day, holding positions for a very brief period, often just seconds or minutes. This strategy requires keen market analysis, rapid decision-making, and a thorough understanding of technical indicators. Scalpers leverage technology, such as algorithmic trading, to execute trades swiftly and efficiently.

 

 

[boltushkin]

On 3/15/2023 at 3:38 PM, jamante said:

scalping is like a "hit and run" trading strategy, you enter for seconds or minutes, hit a certain small profit, then run with it by exiting. time consuming but profitable. though on my hfmaccount rarely do i scalp

Can you suggest which HFM account type is best? Collecting opinions to make informed decision, lol

[jamante]

On 2/9/2024 at 2:53 AM, boltushkin said:

Can you suggest which HFM account type is best? Collecting opinions to make informed decision, lol

im only using a standard premium account which works fine for me, depending on your plan and trading style and what u want to achieve really. better try a basic comparison of accounts and check what would work with your trading style the most. 

[bigxy]

Each account type has different properties similar to the traders who have unique style and characteristics from each other, so i guess its upto us to compare the account types and choosing the right one to carry out our trades in the long run.

[boltushkin]

On 3/27/2024 at 4:57 PM, jamante said:

im only using a standard premium account which works fine for me, depending on your plan and trading style and what u want to achieve really. better try a basic comparison of accounts and check what would work with your trading style the most. 

what about their raw spread of fixed spread type of accounts? Do you have any experience with them?

[radex78]

On 1/23/2024 at 8:01 PM, FXOpen Trader said:

We can make profits if we are trading in the correct time zones and with a proper trading based plan.

Scalping trading is very interesting as a trading challenge by utilizing low time frames in high market volatility, potential profits can be achieved more quickly by choosing the best time and an appropriate trading plan.

[boltushkin]

18 hours ago, radex78 said:

Scalping trading is very interesting as a trading challenge by utilizing low time frames in high market volatility, potential profits can be achieved more quickly by choosing the best time and an appropriate trading plan.

Yeah, I consider it better alternative to swing trading because it's fast-pacing nature of scalping allows you to get more practice in a shorter period of time. Intuition in chart reading comes from practice and experience hence this style of trading is preferable

[radex78]

3 hours ago, boltushkin said:

Yeah, I consider it better alternative to swing trading because it's fast-pacing nature of scalping allows you to get more practice in a shorter period of time. Intuition in chart reading comes from practice and experience hence this style of trading is preferable

Even though the scalping profit target is small pips, when the accumulation transactions are maintained by maintaining a balanced risk-reward ratio, this can become a mainstay weapon for collecting profits with a win rate above 70%.

[aspblamlvgkoec]

Scalping should not only be done wisely, but also with great care. By the way, you can benefit more with gold status in Amarkets.

[radex78]

Scalping trading is a short-term strategy, choosing a broker with tight spreads really supports scalping traders in collecting profits from this technique. Indeed, not all traders are suitable for this strategy because perhaps when facing a situation of consecutive losses it can disturb the trader's emotions, therefore scalping must be done with a cool mind, disciplined money management and risk management. Not all brokers allow scalping, but at FXOpen it is allowed and sometimes I also work with this strategy.

[boltushkin]

A scalper is a trader who aims to profit from small price movements by executing a large number of trades within a short period, typically holding positions for only a few seconds to minutes. Scalpers rely on high-speed execution and tight spreads to capitalize on small price fluctuations, aiming to accumulate profits over numerous trades throughout the trading session.

[bigxy]

New traders also try scalping however they should try trading on higher time frames instead of getting ins and outs instantly.

[boltushkin]

To control your fear you have to spend enough time on learning and practicing with a demo account. You have fear because you do not have enough confidence about your trading skills and you should invest more time into your trading education especially learn market functioning

[bigxy]

On 6/9/2024 at 2:49 AM, boltushkin said:

A scalper is a trader who aims to profit from small price movements by executing a large number of trades within a short period, typically holding positions for only a few seconds to minutes. Scalpers rely on high-speed execution and tight spreads to capitalize on small price fluctuations, aiming to accumulate profits over numerous trades throughout the trading session.

There are a few brokers which allows news trading as well as scalping. In my opinion scalpers usually take benefits when the markets are highly volatile which sometimes backfire as well for the new traders.

[boltushkin]

On 9/29/2024 at 2:02 AM, bigxy said:

There are a few brokers which allows news trading as well as scalping. In my opinion scalpers usually take benefits when the markets are highly volatile which sometimes backfire as well for the new traders.

Could you please name some of them because I'm making additional research to see if there are better options

[bigxy]

It's really hard recommending brokers these days since there are many new brokers joining the industry while many also winding up at the same time. It will be good if we take some time researching few handful of reputed brokers to further finalize the right broker. In my opinion, brokers like hfm, xm, exness, lmfx etc can be a few to shortlist while looking for a reputed broker. 

[boltushkin]

On 10/4/2024 at 2:00 PM, bigxy said:

It's really hard recommending brokers these days since there are many new brokers joining the industry while many also winding up at the same time. It will be good if we take some time researching few handful of reputed brokers to further finalize the right broker. In my opinion, brokers like hfm, xm, exness, lmfx etc can be a few to shortlist while looking for a reputed broker. 

Yeah lots of bucketshops and I see that your experience with trusted brokers may be useful for others. You mentioned great brokers actually I trade with them too.

[bigxy]

Brokers are actually the trading partners in other words since they provide us with the necessary technology needed to initiate trading and making money off course.