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Thread: Scalping for beginners

      
  1. #1
    Forex Warrior
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    Default Scalping for beginners

    Forex scalping is the art of using high leverage and a large number of short term trades to steadily increase an account. Usually, only 1 to 5 pips are targeted for each trade. This type of trading appeals greatly to day traders and those looking to minimize the risk involved in trading currencies. Next to money management, “risk control” is the single most important trait to a surviving (and thriving) currency trader. The small amount of time that is spent in the market limits much of the risk in exposure in comparison to a longer term system. Also, the freedom involved in a speedy Forex scalping system in such a liquid market is a “magnet” that drives many traders from other markets to try their hand in currency. A disciplined and steady scalper could seamlessly double or triple an account, and spend only a fraction of the time in the market as a common day trader.

    If you found this introduction interesting read the rest of the article Forex Trading Methods - Scalping

  2. #2
    Administrator Mike's Avatar
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    This can be somewhat useful for beginners.

  3. #3
    My Pip Hand Is Weak
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    yes it is useful

  4. #4
    My Pips Are Growing
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    really nothing new here

  5. #5
    I Breathe Pips Jones's Avatar
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    Nothing really new here either for me. Sorry, just seems like cut and paste job.

  6. #6
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    Forex scalping is one of the most popular ways for new traders to get into forex trading and offers the appeal of regular profits and low risk. In this article we are going to cover all the facts related to forex scalping for beginners, so lets get started.Forex scalping in essence, looks to trade within daily time frames making small regular profits, using tight stops to generate big profits overtime - the big problem is it has never worked and never will.
    Use AVAQZ12! Get $100 Extra! Deposit $200 with avafx.

  7. #7
    Pips Is My Game
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    I wouldnít advice it for newbieís, it takes a lot of fast-thinking and if you arenít still used to the forex market it can make you crazy and it wont help you to begin understanding the forex market.

  8. #8
    My Pips Are Growing
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    I agree that it is definitely not for beginners and you might find out the hard way that your broker doesn't allow it.
    FX 101 Learning to trade one step at a time.

  9. #9
    Forex Broker Reviews VanForex's Avatar
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    For the beginners like me. It will really help..
    Thanks for giving this article anyways..
    http://www.forexbrokerguide.com

  10. #10
    Pips Is My Game
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    You are welcome!
    I trade with ACM and they have no problems with scalping, itís not because of the brokers opinion that I donít advice it , itís the learning experience that newbies should have and that they might think it is so easy, but itís not

  11. #11
    Contributor FxTrendScalper's Avatar
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    To further remove the stress from your every day trading routine, may I suggest adding Forex Trend Scalper to your portfolio to compliment and current strategy you may have. Their results are STELLAR and their method for programming this EA very sound and profitable.






    I can go on and on, send me a PM for more details or just check out their site here.

  12. #12
    Pips Are My Game lhar_ff's Avatar
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    Quote Originally Posted by FxTrendScalper View Post
    To further remove the stress from your every day trading routine, may I suggest adding Forex Trend Scalper to your portfolio to compliment and current strategy you may have. Their results are STELLAR and their method for programming this EA very sound and profitable.






    I can go on and on, send me a PM for more details or just check out their site here.
    What is this all about?

  13. #13
    Show Me The Money! tenpip's Avatar
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    Default Re: Scalping for beginners

    Useful article, a plus.
    tenpips.ca

  14. #14
    Forex In The Blood igotskillz's Avatar
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    Default Re: Scalping for beginners

    Forex Brokers Hate Scalpers Because They Can Not Profit Off of You, In Fact May Cost Them Money, Resulting in Them Keeping your "profits" because they lost on your scalping trade

    I give you an example, suppose you are trading 10 lots of EURGBP. The market suddenly moves in the wrong direction 3 pips in just under two minutes. You get scared and close your trade immediately. You are out of the trade but your broker is stuck with this money in the system.

    What this means is that the broker may not be able to pass this transaction in the interbank market for sometimes! So the brokers don't like scalpers. What they want is a trader who trades long term or is a position trader so that they are able to clear the transactions in the interbank market without risk.

  15. #15
    Will Work For Pips
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    Default Re: Scalping for beginners

    Forex Brokers Hate Scalpers - really

  16. #16
    Show Me The Money! Celine's Avatar
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    Default Re: Scalping for beginners

    I hear forex brokers dont like scalpers, but why??

  17. #17
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    Default Re: Scalping for beginners

    Scalping could be profitable but it is very time consuming.

  18. #18
    My Pips Are Growing Spirit of J.L.'s Avatar
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    Default Re: Scalping for beginners

    The article can be useful for beginners but I did'n find any mention about the spreads which your broker can set to a specific pair. Because scalping IMHO can be possible only through a spread-free account otherwise your profit can eaten out.

  19. #19
    I Breathe Pips
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    Default Re: Scalping for beginners

    Yes scalping may be difficult for beginners but if any experience person is there with you, you can go for it.

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