Author Topic: need scalping advices  (Read 737 times)

Offline ella1234

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need scalping advices
« on: May 23, 2016, 01:33:46 PM »
This strategy made me profits of almost $45000 yearly.
What do you think when I turn live trading with this scalping method (working on a 5M-15M chart and executing 3-5 trades per day from Monday to Thursday and sometimes Friday, but very rare, keeping a position open for 3-30 minutes), any recommendations?

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need scalping advices
« on: May 23, 2016, 01:33:46 PM »

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Offline Terry Pumpkin

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Re: need scalping advices
« Reply #1 on: May 28, 2016, 05:47:32 PM »
What are you trying to say? Where is the strategy? Your question seems to be half-baked, so can?t really say much till you clear it.  I believe making 45k per year isn?t straight forward unless we?re investing massive amount, but even then it?s tough enough.  The best way is through proper analyzing and correct money management, if we?re not able to do that then we might not make it too far and forget about 45k, but even making 4k will be hard.  I am able to make around 10-15k so far in last 2 years with OctaFX broker?s support their wonderful analysis service.

Offline vic84

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Re: need scalping advices
« Reply #2 on: May 29, 2016, 06:29:32 PM »
scalping is a very risky technique and you have to a very experienced trader in order to do scalping, many people try it, but its hard to predict market movement.

Offline Terry Pumpkin

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Re: need scalping advices
« Reply #3 on: June 08, 2016, 09:59:29 PM »
Scalping is a very risky way of working, it can lead us into great profits but at the same time we might struggle badly through it.  I am currently trading with OctaFX broker and with them it?s ever so easy to do scalping with the tidy spread they got which is down to 0. 2 pips while they also have awesome cTrader platform, it?s super cool with been develop especially for ECN trading while there is no issue over slippage, re quote and such stuff, so really cool.

Offline orni308

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Re: need scalping advices
« Reply #4 on: June 12, 2016, 09:31:50 AM »
Quote from: Terry Pumpkin link=topic=506516. msg829342#msg829342 date=1465419569
Scalping is a very risky way of working, it can lead us into great profits but at the same time we might struggle badly through it.   I am currently trading with OctaFX broker and with them it?s ever so easy to do scalping with the tidy spread they got which is down to 0.  2 pips while they also have awesome cTrader platform, it?s super cool with been develop especially for ECN trading while there is no issue over slippage, re quote and such stuff, so really cool.

Scalping is a difficult technique, and its very difficult for newbies, you should know the market behavior first before going for scalping.

Offline Terry Pumpkin

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Re: need scalping advices
« Reply #5 on: June 19, 2016, 05:31:13 PM »
My advice is always to keep things straight forward instead of anything else.  I trade with OctaFX broker and that?s where everything rolls out nicely for me which is to do with low spreads present here which starts from 0. 1 pips while there is also lovely bonus which is up to 50% and is completely use able, so that?s why i am able to trade nicely and the risk is also dropped with such addition of bonus and capital to my overall investment.

Offline Grahamaus

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Re: need scalping advices
« Reply #6 on: June 23, 2016, 08:35:49 AM »
Scalping   is an interesting method, but not all brokers allow it. In my practice, forexclub removed more than half of all scalping orders, mostly profitable. It turned a profitable day into an unprofitable one. They  explained this by violation of  rules, since then I have not traded with them.

Offline Terry Pumpkin

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Re: need scalping advices
« Reply #7 on: June 28, 2016, 12:23:41 PM »
Grahamaus, I might be harsh on this, but if any broker doesn?t allow scalping then that broker shouldn?t be trusted at all.  I believe any good broker will any day allow us to do whatever technique we like to use, I am currently with OctaFX broker and they allow me to do whatever I want with no restrictions and encourages me greatly with low spreads from 0. 2 pips to high leverage up to 1. 500 plus there is also smooth trading platform, it all works nicely!

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Re: need scalping advices
« Reply #7 on: June 28, 2016, 12:23:41 PM »

 

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