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Thread: How to become a Scalping Trader

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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. #2241
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    First of all we have to get knowledge about what is this strategy how it work and decision making and application of money and risk management are very important because if a trader do not applied it well we face losses , we must have ability to take timely decision in market because scalper take so much decision on daily basis some are correct and some are wrong if we hold wrong that will give bigger losses so for avoid all we have to build our perfect trade strategy .

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    In this market the journey of trader is not simple we need so much knowledge and learning about good trading , as far as our experience would increase about trading we should build very successful trade plan , with the use of scalping and swing trading way these are also help trader to get consistent results from market .

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  4. #2243
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    There is no unique thing about being a scalper trader, you might just be on the verge of causing your account so much harm and then losses. I don't support traders that makes use of the scalping trading method because of the wrong approach most of them do get to use in the market and then the seeking for fast earnings as forex will make you do.

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    missphat

    whatever the strategy is, we can use it or not, what is to be learned in forex, not only 3M, and for the strategy it is not included in the method category, so any strategy that includes methods and even then must be patched with other 2M, whatever type of trader if can not put 3M results will be the same. not debate which strategy is good, "good for you is not necessarily good for me."

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    Scalping is very profitable strategy but making money by the use of scalping require good knowledge and trading skills.Therefore trader should spend his good time for learning and do more practice for getting good trading experience..To become a scalper trader must have interest in making fast capital and must have quick decision ability.

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  7. #2246
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    Quote Originally Posted by zha5454 View Post
    It's hard to become a successful forex scalper and I don't think that if we scalp alone we will be able to survive for a long time, before we can survive in this business for a long time we need to be scalper and long term traders too before this business will be very profitable for us to trade, using only the scalping method is not a wise decision to make.
    To become a successful scalper trader must have good trading skills and must have knowledge about market.Forex trading is not easy trader has to do hard work for getting success.Demo accounts are very helpful for trader for the purpose of knowledge and testing a strategy.To become a scalper trader must have interest in making fast money but this is risky.

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  8. #2247
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    Scalping have been one system that have given traders the possible chance to target for a fast trade that will bring about huge amount of earnings in no time. It can be very difficult with such system and its a system that is also sustainable too. One must be careful with such system and realize too that mistakes are bound to bring up heavy loss if time is not taken. Lower time frame are used for this system and you must follow the right practice if you must scalp.

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    Just like every other trading methods,, we get to become scalper trader through the learning been done, we have the demo account to follow so much, so therefore the knowledge from that demo account will so much help us on how we can become a good profitable trader, I have gotten to have seen the scalpers always need to trade with the use of the little time frame, one of the reasons why a lot of them do keep on losing.

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    The way of being a scalper trader is the same way of being a trader, but then again, I think a scalper trader is way more risky, I personally think I will not want to be a scalper trader because of the fact that I will not be trading with the use of the little time frame, there is nothing to benefit trading with the little time frame only false signals.

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    Quote Originally Posted by missphat View Post
    There is no unique thing about being a scalper trader, you might just be on the verge of causing your account so much harm and then losses. I don't support traders that makes use of the scalping trading method because of the wrong approach most of them do get to use in the market and then the seeking for fast earnings as forex will make you do.
    you do not have to support anyone with their own choice of trading because this is a personal business that everyone has their own responsibility with their own account. we do not have any rights to complain or disagree to other trader's decision because this is a free business with no bonds between traders. scalping becomes available for traders and to know its risk and advantage, traders need to test it first and see if it is working or not.

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