 Show Posts
|
|
Pages: [1]
|
I currently trade on Foreign Exchange Market and my preferred style is always "Scalping" which involves fast execution, and gaining advantage from short price changes.Thus, I highly rely on technical analysis rather than fundamental. I just want to know if scalping is practical in the crypto world.
Right now, I am into scalping with dogecoins; it is really exciting and highly profitable. I am making use of simple technical as of now, I am just following 30 days moving average along one hour candle stick and time to time I will confirm my buying with four hour candle stick as well. When we are having confident about strong bullish market then I guess we can make use of any strategy as base trend will get you profits regardless of where you are buying or selling. That's a great strategy. Right now, I don't trade Crypto's because I am currently trying to understand the market's behavior. Usually when Scalping in Forex, I also use a 200 Exponential Moving Average to identify the current trend pair with the MACD indicator to measure the strength of a trend. I scalp on 15 minute charts for more entries. |
|
|
|
I would say Facebook, since this is the most popular platform in our country. We do have Instagram, Twitter, and whatnot, but nothing compares to Facebook's reaction feature  Sooner you'll deny what you are saying about facebook Being the most flooded social media and too much Drama ? i almost blocking pages,groups and individual day by day because of dramas happening . I couldn't agree with you more. Facebook has lots of users, and full of bots. I don't even know how their security team let bots create their own account. It is also turning into a piracy site since I can watch unreleased movies, anime episodes, and even series on Netflix. But, I have lots of memories there, my Fb account was created way back 2009. |
|
|
|
It is nice to come to know about you people are already into scalping because in my understanding most of the people here are only into long-term holding by leaving off any other trading methods.
I'm just curious to my about the results with scalping and I may follow you if you're already profitable.
The people who hold the long term certainly have their own strategies and it is their own choice. Scalping is only one of the quick trading strategies that can be used to double your profits better. However, before scalping there must be financial preparation that is not greedy, good capital management and follows the strategy that has been compiled. The results or profits of scalping are quite good, but don't follow me because the scalping method is a fast method, you have to learn to read candles to analyze the coins you want to scalp. Scalping in any assets requires years of skill developing. When you scalp, you need to watch the chart all the time. You also need to know how to read candlestick patterns (I prefer Japanese Candlestick patterns). If you are good at price action with a strong foundation of fundamentals in key levels. You can become a profitable trader but, even if you have everything in your arsenal, you can still become a loser in the Forex market since your biggest enemy is your mind due to the fact that Scalping style of trading is fast, and you are like in a roller coaster of emotions. I don't know if this is the same in the Crypto World but I think it is. |
|
|
|
I guess the best place for you to trade is in futures trading. Learn about these terms and their proper meaning first, Leverage, Isolated, Cross, Long and Short. Scalping is a strategy that every futures trader uses in the crypto community. The market is fluctuating a lot so it will be a harsh tide to ride on scalping. There are trading bots that predict and do trades, most of them are profitable, check them out too..
As what I have mentioned, I scalp on Forex markets, and I have made decent profits after finding and backtesting my strategy for 7 months, and I am pretty sure that I came across these terminologies. However, I am talking about the Forex market, and the crypto world is a much younger market with a higher volatility. Besides, I am still not familiar with the crypto world and I still need more research. |
|
|
|
Scalping has the smallest profits a trader could get compare to swing trades and day trades, so using the term "practical" is not suited for it, "safest" I think suits it the most. Even with the small profits in scalping, losses on it is only minimal compare to the two other trading ways that I've mentioned, in short, we can call scalping the "safe zone" in Trading, in my opinion.
No matter how small it is, if you add all of your profits, it could still be bigger, not that big but better than having no profits at all.
I beg to differ. Scalping is opposite to what you have mentioned "Safe zone", it is considered as one of the most risky type of trading in any assets. Since you have small profits per trade, a single lost trade could make a substantial loss to your capital. Even using a 1:1.5 Risk/Reward ratio is not suitable for this type of trading since you are aiming for a small profit in a short price change, for this reason, a 3:1 RR ratio is effective. |
|
|
|
|
Hello Everyone. I currently trade on Foreign Exchange Market and my preferred style is always "Scalping" which involves fast execution, and gaining advantage from short price changes.Thus, I highly rely on technical analysis rather than fundamental. I just want to know if scalping is practical in the crypto world.
|
|
|
|
I would say Facebook, since this is the most popular platform in our country. We do have Instagram, Twitter, and whatnot, but nothing compares to Facebook's reaction feature |
|
|
|
|
The question is a little bit vague. It still depends on the person's age. The Covid-19's mortality rate is higher for older folks especially if they have underlying medical conditions. If a young person is tested positive, he/she can just quarantine himself/herself until the test becomes negative. It can also be due to their stupidity (e.g not wearing mask, can't follow health protocols, etc,.)
|
|
|
|
|
