You are not alone when you say you are not sure of the definition of scalping.
If you take Al Brooks for example, and he is a scalp trader, a scalp trade is a 4 tic trade on the Emini and on the forex market it is a 40 pip trade.
I personally believe it is a very short term trade that takes a few pips or tics out of the market. Usually the risk reward is reversed. There is sometimes a risk that is twice what the reward is and a trader has to have a very high win to loss ratio.
There are algorithms that are high frequency algorithms that take 1 or 2 tics out of the market.
Hope that helps
Cheers
Blackduck
thanks for the feedback ,ive only been trading real money for about 17 Months so still a novice.Though on few occasions ive found myself scalping just because conditions seemed ideal you could say maybe abit of serendipity lol, notably on GOLD about 6 weeks ago the spread was 0.5 with IG, but they then widen the spread to around 3 because of the volatility, so scalping was nt such a good prospect
so what i mean is, would you say that you need certain market conditions to make scalping worthwhile,obviously not meaning the major indices 2.30 gmt
ie big profits/losses on leverage or spreads in minimum time
Great video. Looks stressful to trade that way. I don’t think i will like that.
Money love silence. You are either selling something or boast with random lucky streak. Let’s see how you will fare in 3-6 months with this trading.
Scalping must be done after you have a good experience in trading. The slightest movement in prices can make you losses or profits. Therefore, you need to monitor everything very precisely.
Yes, this strategy is very difficult, but can be quite profitable in terms of work.