How to become a Scalping Trader - Page 270
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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. #2691
    Trader Senorita's Avatar
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    Before you can certify yourself to be a scalper in forex, you must have developed the right knowledge about the market and must have practice about this method well enough. Your ability to make more winning with this method and minimize loss is what can qualify you to be a scalper. We all know how risky this system can be so it's important we understand how to build a profitable system that will enable us earn good in this trade.

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  3. #2692
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    Quote Originally Posted by Senorita View Post
    Before you can certify yourself to be a scalper in forex, you must have developed the right knowledge about the market and must have practice about this method well enough. Your ability to make more winning with this method and minimize loss is what can qualify you to be a scalper. We all know how risky this system can be so it's important we understand how to build a profitable system that will enable us earn good in this trade.
    Yes, it is not easy to become a good scalper and be able to earn good money. Scalping is very risky trading strategy and it requires a lot of experience and skills. Not everybody can become a good scalper. But if new traders want to become scalpers so they must learn many things and have good trading skills. They can try scalping in demo.

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  4. #2693
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    We need a different mind set for doing scalping trade because it is not easier for us to handle risk which is the results of scalping trade , only if we understand about market well and we have good learning ability so we safely earn from it and maximum of profits we develop , we must have to make our plan according to the earning ability of trade so we take good advantage of trade .

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  5. #2694
    Trader Toyen's Avatar
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    I know that to become a scalper is not what is hard or so special, the scalper only need the basic requirement for scalping. That basic requirement for scalping is for the trader to gain experience on how to scalp. This goes with the careful analysis of the work of the trader, and particularly the way the trader can work on his risk management as he trade his account.

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  6. #2695
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    You don't need to do anything special before you become a scalper in this market, but we need to practice with the demo for a very long time and then use a small account balance to test the live trading before we can be guaranteed that we are prepared enough to make money, the scalper sometimes makes more losses than the long term trader because they take many wrong decisions that are counter productive.

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  7. #2696
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    Quote Originally Posted by simisola View Post
    You don't need to do anything special before you become a scalper in this market, but we need to practice with the demo for a very long time and then use a small account balance to test the live trading before we can be guaranteed that we are prepared enough to make money, the scalper sometimes makes more losses than the long term trader because they take many wrong decisions that are counter productive.
    Many are scalpers but the approach they adopt for scalping or the analysis they do is weak and so majority of scalpers lose. Scalping is tough and more risky and things have to be managed keeping this in mind. Often scalpers trade with high risks and at the end of the day lose everything due to one or a few wrong moves. Any trading style needs us to learn discipline and learn to accept losses when our analysis goes wrong.

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  8. #2697
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    With experience and consistent struggles ans practices on the scalping can change our behavior toward it so we can also control the movements of market and follow only right directions that can do directed our way to success so each and every trader can get a lot of advantages if they have good trade skills and good time to understood it.

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  9. #2698
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    Before scalping will be an easy trading method for us to use we need to spend time to learn and master it very well. Scalping is one of the risky trading method if we don't no how to deal with this trade method it will not work for us, so before scalping we should take the full training on this trading method and get to understand all about it before we start to trade as scalpers.

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  10. #2699
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    To actually become a scalper is not difficult but the sad fact is that most traders don't see the need for any serious hard work to be done because you wish to use this strategy for trading, this is probably why the level of losses is high with people doing this strategy. One must be sure about trading with the right strategies having undergone practice.

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