Scalping forex

robroy69 · Sep 29, 2003

Anyone who knows where can i find articles,books,methodolgy strategy....about scalping ,please tell me.

Thanks

marketsurfer · Sep 29, 2003

given the retail platforms available today, and the 3-5 pip spread effectively scalping forex is extremely difficult if not impossible to do profitably.

best,

surfer

OddTrader · Sep 29, 2003

Quote from marketsurfer:

given the retail platforms available today, and the 3-5 pip spread effectively scalping forex is extremely difficult if not impossible to do profitably.

best,

surfer

Totally agree. Most platforms (if not all) are market markers.

rezo_s · Sep 29, 2003

Only market makers, IBs and other interested in pips/commisions per round turn sides are encouraging the scalping aproach...

corvus · Sep 29, 2003

Strange though, but it seems to me that a hold time of less than 1 hour is a scalp in the forex market.

crazy_trader · Sep 29, 2003

Scalping Forex is dangerous. What if you are on the wrong side when some news come out or some big bank intervene. Risk/Reward is not worth it. Scalping is ok for slow moving trading instruments.

Quote from robroy69:

Anyone who knows where can i find articles,books,methodolgy strategy....about scalping ,please tell me.

Thanks

rezo_s · Sep 29, 2003

Quote from crazy_trader:

Scalping Forex is dangerous. What if you are on the wrong side when some news come out or some big bank intervene. Risk/Reward is not worth it. Scalping is ok for slow moving trading instruments.

Well said.

everytick · Sep 29, 2003

Swimming is dangerous if you can't do it.
You could use fx futures.
When someone says something can't be done, it almost always can, just not by them. Rather arrogant really.

marketsurfer · Sep 29, 2003

Quote from everytick:

Swimming is dangerous if you can't do it.
You could use fx futures.
When someone says something can't be done, it almost always can, just not by them. Rather arrogant really.

run the numbers. a 5 "pip" vig, makes the technique known as scalping next to impossible in forex. yes, i agree the forex futures are the way to go should you wish to scalp.

best,

surfer

crazy_trader · Sep 29, 2003

What is the difference huh??

For EURUSD
Mini Euro = $62,500 Euro
or
Euro Future = $125,000 Euro

If I were newbie, I will not be listening to you advice. You money will end up in his/her pocket.

Yes it can be done as long as you doesn't get wipe out in the first place.

Quote from everytick:

Swimming is dangerous if you can't do it.
You could use fx futures.
When someone says something can't be done, it almost always can, just not by them. Rather arrogant really.