Hello, everybody!
I want to discuss scalping. Do you use it? Do you like it? Pluses and minuses and all your experience.
Hi Paul. I am out. What about you?
It requires an extreme amount of talent that is unique in traders, I’ve scalped, with mixed results. It’s not for me and I applaud those who can maintain it in the long run.
I trade using different techniques. It is better to use scalping in automatic way, I mean using EA, for example.And also you need to find broker with low spreads and who allows to do it. I know not so many brokers who allow scalping. And what about you, traders?
Hello? Actually I’m for scalping. But not always) And why are you out?
I swing trade and scalp. I do more swing trading on spot Forex and i only scalp on futures. there are definitely pros and cons. My swing trades take 8hours + to resolve some are left for days. Scalping is instant gratification and at the end of the day i know where i stand, which i like. Not having to hold a position overnight or while i sleep. I use a completely discretionary approach to both methods. Scalping for me is a more intense experience, it takes a lot more focus and more quick decision making. Those trades for me resolve within 20 or so minutes to as short as 1 minute. I know some professional traders who purely scalp, most of them are ex pit guys since that’s what they did in the pits before going electronic. So it is a sustainable model, since most people here on baby pips dont believe that scalping is profitable or sustainable in the long term. Its about what your looking for, remember just use the right tools for the job. As long as you keep that in mind scalping is a fine way to trade.
As far as I am interested in scalping I want to take part in an interesting contest “Master Scalper”. It is held by Accentforex. The matter is that I open a demo account (don’t need to deposit anything) and begin to trade (I can use even EA) using scalping. So, I won’t lose anything ans I can test the work of this broker.
actually tell me how that goes, i never entered one of those contests. But sounds like a good way to do it. However most people run their contest accounts crazily with high risk, then if they blow up try again with a new account. But dont let that stop you, should be cool to see how you rank up and also how other people are doing as well.
I have never taken part in such contests, too. But I payed attention to it because there is no need in depositing your account. So, I won’t lose anything and it’s a great opportunity to win $1000 on your real account and continue trading experiments:-)If you are interested in detailed inf about this contest you can find them here:Master Scalper And I can show my statistics in future/
If you are interested in my statistics you can view it here on weekends(Friday,Saturday,Sunday). Accounts number630551,invest pass: laksjdh12la,ip: 178.63.10.80.:443
It would be better if you can give the account Monitoring so that we can get a good picture of your trading performance.
I’m sorry but I’m not going to give the account Monitoring because I don’t want my orders by copied by somebody. All statistics is available on weekends.Thanks for understanding
Scalping, no way mate. Swing trade for the win. rarely some intraday stuff, but swing trades are my favorite.
I’m sorry for my ignorance, but could you please explain me what is swing trade? I just can’t understand it.