Great info, when a clear newbie asks a simple question jump on him and tell him not to even think about it....
What a pal,
.
What, exactly is Scalping?
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Great info, when a clear newbie asks a simple question jump on him and tell him not to even think about it....
What a pal,
.No one's jumpin' on anyone and reading between the lines, that's actually sound advice. And for what it's worth, if a trader has no idea of what scalping is and still wants to go ahead and try scalping a few pips, chances are he/she is going to blow out their account.
Scalping is like those high action thriller movies that keep you on the edge of your seat. It's fast paced, exciting, and mind-rattling all at once. These types of trades are usually only held onto for a few seconds to a few minutes at the most! The main objective for scalpers is to grab very small amounts of pips as many times as they can throughout the busiest times of the day.
Because scalpers basically have to be glued to the charts, it is best suited for those who can spend several hours of undivided attention to their trading.
It requires intense focus and quick thinking to be successful.
It is not for those looking to make big wins all the time, but rather for those who like raking in small profits over the long run to make an overall profit.
Because scalpers basically have to be glued to the charts, it is best suited for those who can spend several hours of undivided attention to their trading.
It requires intense focus and quick thinking to be successful.
It is not for those looking to make big wins all the time, but rather for those who like raking in small profits over the long run to make an overall profit.
Personally, I don't use indicators to base my trading decisions. However, I do monitor SMA(50) for no other reason that that it's widely followed by others.
On that note, is there any scalper who trades without charts? I come from the PA camp and I cannot even fathom trading without the aid of charts. But I also keep my eyes on T&S window. Although difficult, I don't believe it's impossible to score a few ticks solely by using the T&S alone.
On that note, is there any scalper who trades without charts? I come from the PA camp and I cannot even fathom trading without the aid of charts. But I also keep my eyes on T&S window. Although difficult, I don't believe it's impossible to score a few ticks solely by using the T&S alone.
Scalping is a trading strategy whereby the trader goes in and out of trading positions several times per day and make small and regular profits. Scalping is not for everybody you. For you to succeed in scalping you must be the kind of person who react quickly without analyzing every more.
Scalping must not be Guessing
I've worked for many years in scalping. I approached it as a completely new area, which has never before been possible and is, or was, completely unknown to everyone.
When you do that, you have to invent completely new ways of thinking, especially Analytics, and also Execution Methodology.
Any trading business you enter is "gambling" unless you have high probability Analytics. Analytics is #1 for any trader, no matter the timeframe.
But for Scalping, or my specialty Micro Scalping, the Analytics are completely different from normal trading.
High probability setups must be identifiable, precision execution and pricing must also be there, as well as a trading method which optimiz(s)es Risk and Trade Management.
With these factors in place, Micro Scalping is no longer Guessing. It's transforming "wiggles" into profit, where others are unable to trade reliably.
Good Scalping !
HyperScalper
I've worked for many years in scalping. I approached it as a completely new area, which has never before been possible and is, or was, completely unknown to everyone.
When you do that, you have to invent completely new ways of thinking, especially Analytics, and also Execution Methodology.
Any trading business you enter is "gambling" unless you have high probability Analytics. Analytics is #1 for any trader, no matter the timeframe.
But for Scalping, or my specialty Micro Scalping, the Analytics are completely different from normal trading.
High probability setups must be identifiable, precision execution and pricing must also be there, as well as a trading method which optimiz(s)es Risk and Trade Management.
With these factors in place, Micro Scalping is no longer Guessing. It's transforming "wiggles" into profit, where others are unable to trade reliably.
Good Scalping !
HyperScalper
It is the smallest timeframe of trading. Think about the progressions like this:
Long Term Trader - 6 month +
Short Term Trader- 2-6month
Swing Trader 2days - 2 month
Day Trader - Less than 24 hours
Scalper - Holds positions for seconds to a couple of hours.
Basically scalping is the quickest form. Sometimes this is confused with "picking" which is merely when people look at multiple data feeds during times of high volatility and try to enter into positions when they see one feed lagging another. This is similiar to arbitrage. It used to actually work quite well in the past but many brokers now slip your trades or start requoting you when their computers "believe" you are trying to do this.
Hope that helps...
Long Term Trader - 6 month +
Short Term Trader- 2-6month
Swing Trader 2days - 2 month
Day Trader - Less than 24 hours
Scalper - Holds positions for seconds to a couple of hours.
Basically scalping is the quickest form. Sometimes this is confused with "picking" which is merely when people look at multiple data feeds during times of high volatility and try to enter into positions when they see one feed lagging another. This is similiar to arbitrage. It used to actually work quite well in the past but many brokers now slip your trades or start requoting you when their computers "believe" you are trying to do this.
Hope that helps...
How much more simply would this definition be,Well simply its a style of trading that involves frequent trading seeking small gains over a very short period of time. Trades can last from seconds to minutes.But watch out Some brokers do not welcome this strategy,whiles others that do might have limits to the time the trades last
Scalping is the the exploitation of bid/ask inefficiencies, where you buy the bid and sell the ask. This occurs when a negative spread presents itself, in which case the broker is literally giving you their money. This is why brokers discourage such trading.
