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Thread: How to become a Scalping Trader

  1. #1
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    How to become a Scalping Trader

    How to become a Scalping Trader ?

    This type of trade needs full-time stores and needs a strong focus and takes the time of the deal from several seconds to several minutes and is based on the trading system achieve a small number of points in each deal trying to get into the largest number of trades and often get into those trades at times Peak during the day

    Because the scalper or the exploited shops must be glued to the badge. It is suitable for the stores sitting in front of the screen for the largest number of hours and they are fully focused on trading.

    And the scallops need to think fast and focus hard to succeed. This type of trade is not suitable for those who want large profits. At one time but get a number of points at a time to be a long term strong profit.

    Conditions to be Scalping

    1-You should like fast trade.

    2. You do not mind your concentrating in the Sharet for a long number of hours.

    3. The quality of your personality you're impatient. You don't have to be patient with long-term deals that take a long time.

    4-You can think fast and change your mind quickly depending on the requirements of the chart you find in front of you.

    Dealer only the most liquid Pair

    such as the EUR/USD-GBP/USD-USD/CHF-USD/JPY

    And since it's the most in terms of the volume of trading and liquidity, then its spread is the least, and this is useful for scalping because the quality of the trade the scalping need to enter a large number of times per day, which cost you a very large amount of spread times when the market can move to reverse your entry.

    Dealer only at peak times during the day

    The most peak times are the common times between the time periods and those periods are between (2:00-4:00pm) am and between (8:00pm to 12:00) am, the east Coast time of the United States.

    Try concentrating in one pair at first

    The scaping are a very emotional type of trading and therefore if you try to put all your energy into one pair you will get a better chance to be successful. If you get used to the speed of this type of trading then you can put another pair and see if you will succeed with it like the other pair.

    Make sure you follow good capital management.

    This element is very important in a type of trade, but in this type because of the number of large trades, you should be very careful about this element because the flaw in it causes great problems.

    Major news reports can destroy you.

    If you use this type of trading, powerful news bombs strongly affect you because of the extreme speed of the movement at those times. And the height of the mail at that time on some couples (slippage) so it is preferable to distance the market at those times when the markets are more stable.

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  2. #2271
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    Quote Originally Posted by layigold View Post
    Scalp trading requires a trader to stay glued to the chart and you know the danger of watching your trade after careful analysis of the market in the first instance , that is an open invitation to emotions which could cause a trader takes a rash decision . The best way to become a scalp trader is through practice . No amount of what other people say would ever make you a scalp trader without a serious practice on your own part as a trader . Anybody that is interested in scalping must understand the huge risks involved and must be ready to handle such with care and caution
    Scalping strategy in Forex is involves trading currencies based on the set of real time analysis.The purpose of scalping is to make a profit by buying or selling currencies holding the position for a very short time and closing it for a small profit.The system used by traders is usually based on a set of signals derived from technical charting tools.

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  3. #2272
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    Quote Originally Posted by Sahir View Post
    Scalping is very risky and tough strategy and making money by the use of scalping require good knowledge and trading skills.Trader should spend his value able time for learning then he would be able to trade with scalping.To become a scalper trader must have interest in making fast capital and must have quick decision ability.
    It is not easy to trade the scalping, i know many forex traders will try the scalping and will run away from it, that is normal. The way forex traders are losing with scalping is very alarming, that is why i do not support it. If i may be asked if i hate the scalping or not, i will say it point blank that the scalping is a bad forex strategy in whom i hate, i will never go near the scalping after the years of losing with this forex trading method.

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  4. #2273
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    To became the successful scalper trader is based on the experience and previous learning which are the effective factors to enjoy a trade with winning the success so we must do unlimited practices and getting experience are the key factors that are the essential factors to became successful in this market with having the success in the scalping or short term methods ,

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  5. #2274
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    If you want to become a scalper, although it seems like to be easy to do it but to become a scalper it not for a short time you must to able to make a good analysis and know when the right time to do scalping in this market and many of trader only do a trade when the market have side way condition.

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  6. #2275
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    Our efforts for analysis does not waste like if we are getting experience and analyzing price movement for the short term and for the long term plan so that will help trader to get succeeded , we have to use so many different indicator for that and we linked the trade with short term analysis make plan for long term as well , and analyzing long term we have to keep an eye on short term trade strategies .

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  7. #2276
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    Its very difficult for us to became successful trader with scalping but its can be possible with the use of good learning skills and also practices are generally play significant role due to lack of practices we cant gain experience that is basic need to win from scalping so we should be perfect and clear own concepts that are required to compete with the volatile behavior of market.

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  8. #2277
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    Every new trader dreams about becoming a good scalper and earning big money and very fast. But it is not easy to become a good scalper because good scalper has good experience and strong market knowledge why and how market moves. Experience lets to predict why market should move this direction. New traders should try scalping in demo and see if it works for them.

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  9. #2278
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    Every trader dream for successful trading no matter it is through the use of swing way or the scalping way but both ways are consider the best for work we just need knowledge practice and learning enough to build our trade plan in right of the way with good mind set and for earning good profits from market .

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  10. #2279
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    These suggestion are also good trader just focus on the movement we have through the chart pattern because if we have analyzing ability about the chart so we develop easy trade , we must have to make our trade plan through learning properly we will manage our trade well to get good results , only through the right experience and strategies we are able to make our trade plan accurate for success .

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  11. #2280
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    Scalping is never an easy means of making huge amount of money over night like most newbies thinks and in fact the scalping trading strategy is the hardest to make use of and it is not for everyone more especially the novice forex traders, because it could lead to series of losses and even blowing out our trading accounts and I do not support novice traders to make use of it until they are able to gain a lot of experience and knowledge about the forex market. Until then if you want to scalp then you can start trading off the smaller time frames but not with huge risks as to make sure that you do not lose all your trading accounts in one trade.

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