What is Scalping?

[wozzek23]

I've had been into forex for around 12 years and to what I've used scalping as, I'd say that scalping means a 5-10 minutes trade where you need to either book profits or losses, but during that timeframe only. You can set a trailing profit which will then adjust itself once you hit the minimum pips (points) decided by you and indicated in the bot.

If your targets are time driven means you may enter at any price levels to buy or sell according to your mood? I mean as per your strategy you to close your trade in 5 minutes regardless of that you are into profits or losses or neutral then why you need to bother about where to open a trade? I guess you can open at any price levels blindly and you may close just after 5 minutes. Now, scalping sounds like more interesting to me. Because, this is how I do gamble with dices .

You need to use an ECN account or an account with the least spread among major currency pairs to take advantage of scalping.

Yes, this must be a good suggestions so that you may maximize your profits rather than simply paying your pips as fee to the exchange. Not sure, this kind of facility available with crypto exchanges.

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[Utoy101]

I've had been into forex for around 12 years and to what I've used scalping as, I'd say that scalping means a 5-10 minutes trade where you need to either book profits or losses, but during that timeframe only. You can set a trailing profit which will then adjust itself once you hit the minimum pips (points) decided by you and indicated in the bot. You need to use an ECN account or an account with the least spread among major currency pairs to take advantage of scalping.

I think thesame goes for scalping in cryptocurrency market too, it strickly refers to quick and short time trade to take off profit. Usually, profits from scalping are always kind of little as its take them off from quick volatile movement of the market. Let to me, i'd say it is more difficult than as people portrayed and it requires lot of time as well as good emotional/risk management skills

[Stedsm]

I've had been into forex for around 12 years and to what I've used scalping as, I'd say that scalping means a 5-10 minutes trade where you need to either book profits or losses, but during that timeframe only. You can set a trailing profit which will then adjust itself once you hit the minimum pips (points) decided by you and indicated in the bot.

If your targets are time driven means you may enter at any price levels to buy or sell according to your mood? I mean as per your strategy you to close your trade in 5 minutes regardless of that you are into profits or losses or neutral then why you need to bother about where to open a trade? I guess you can open at any price levels blindly and you may close just after 5 minutes. Now, scalping sounds like more interesting to me. Because, this is how I do gamble with dices .

It is what I said it is, and rules are rules which is why you need not to be biased when choosing a direction for your trade while scalping because if you do, you may incur more losses than profiting through it. Like, if you make around 2-5% in a trade and you lose more than that consecutively for 3-5 trades, then you need to look for your decisions and either decide based on what you've learnt through them later on or just stop scalping completely as it's not for you.

[coinfinger]

i'd say it is more difficult than as people portrayed and it requires lot of time as well as good emotional/risk management skills

Yes, you sound more practical. I do believe that scalping is adding another layer of difficulty to our usual trading still we are not going to get big profits. I agree scalping will be getting many small profits which may sum up into big but in my opinion that there will be no guarantee that we are going to make big profits at the end of day by summing up the results of many trades because trading is always open to profits and losses at same percentage.

It means you may end up nothing but with huge fees incurred with every trades. I mean you may book profits only in 50% of trades and rest of trades with losses then you will still face only loss. Scalping with any technical analysis may reduce the number of negative trades but then you cannot make more number of trades as you might need to wait until your technical analysis to signal you to open a trade.

[lixer]

The answer for what is scalping could be found on google very easily but making it use on crypto trading is not that easier as per my own experiences or at least not that much profitable compared to other way of trading strategies.

Scalping will be good only when you trade with high leverage and high accurate trading strategies. I guess leveraged trading is not a preferred way of trading for most of this community and accurate trading signals are not practically available to most of the traders or no one is capable of generating their own accurate signals for making use in scalping. Scalping in crypto trading so far good only in theory and in practical, it may take some more time when traders innovate things in near future.

[BitTraderCute]

i think scalping strategy was not suitable applied in cryptocurrency market. in this market analizing using technical analisys not accurate, and also price could suddenly make a spike. scalping trading in crypto market have bigger risk , we just take small point meanwhile daily range very wide. better use another strategy such as swing trading for mid and long term investment.

[harrydrummond]

I like this strategy, when Corona I have a lot of time at home, but this strategy requires high trading volume, so I have to choose the crypto market with high trading volume,

do you know the best place to trade crypto with high trading volume

[maydna]

Be careful when you want to use scalping trade because the market cannot always move up and down in one hour or more. You need to have skills to follow where the price wants to go so you can do fast analyze related to the current market. You can decide how long you want to use scalping trade, and you should leave the market as soon as your time ends so you can prevent the loss that can happen later.

At this moment, I think it is not easy to use scalping trade because the price is not moving fast but seems, the rate is slow to go up or down so that can make us waiting for some time. If that happens, perhaps, you need to take a break for a while to watch where the price will be.

[dunfida]

Be careful when you want to use scalping trade because the market cannot always move up and down in one hour or more. You need to have skills to follow where the price wants to go so you can do fast analyze related to the current market. You can decide how long you want to use scalping trade, and you should leave the market as soon as your time ends so you can prevent the loss that can happen later.

At this moment, I think it is not easy to use scalping trade because the price is not moving fast but seems, the rate is slow to go up or down so that can make us waiting for some time. If that happens, perhaps, you need to take a break for a while to watch where the price will be.

When dealing with a very volatile market then i dont think that scalpers would really tend to have that kind of break and even on sideways thing they do still scalp and its plausible to make money out
of those movements yet we know that its impossible for having no movement even on 1m-5m time frame which do scalpers usually hang on.

The thing here is that this isnt applicable or can be easily learned by someone who do just recently know to trade.Its risky and does really need up some good decision making skills and
fast execution of technicals.

[CarnagexD]

Scalping is the process that you are following some reference about the market movement of the changes also the use of the scalping is good because by that you can get easily an income regarding that even it is just a small amount still it is a profit. Even this is a sure market profit we cannot deny that there is a risk on this kind of technique because the market is volatile and we don't know which can happen on the next market movement. Also before I used scalping when I do not have enough knowledge about trading I used this kind of technique and now I trade it on my own.

[forexdean]

Scalping is a type of trading where traders do multiple traders in a day keeping very small profit , they explore more opportunities on the basis of technical analysis chart. The majority of traders use 1-5-10 min technical chart and open trade within the stipulated time whether it is loss or profit. Most of traders scalping in currency trading or cryptocurrencies using expert advisors or mannual trading. Scalping should be done in currencies with large liquidity and volatility such as EUR/USD, GBP/USD, USD/CAD, USD to INR, USD/JPY etc.


Drawback of scalping trading: Scalping trading in currencies for cryptocurrency involve multiple orders which lower the profit and traders have to sit along the terminal.

[whyrqa]

When I decided to engage in cryptocurrency trading, it was scalping that was recommended to me as the most profitable trading strategy for a beginner.  Of course, daily trading will require a lot of time and certain knowledge, but nevertheless scalping is a very simple strategy, which is based on buying cryptocurrencies cheaper and selling at more expensive.  I learned this with the help of certain YouTube channels, where everything is explained in detail, and the most important thing is to choose the right coin for trading, with a high volume of trade, so that the price of the coin fluctuates up and down very actively throughout the day to get a good income.

[Oceat]

When I decided to engage in cryptocurrency trading, it was scalping that was recommended to me as the most profitable trading strategy for a beginner.  Of course, daily trading will require a lot of time and certain knowledge, but nevertheless scalping is a very simple strategy, which is based on buying cryptocurrencies cheaper and selling at more expensive.  I learned this with the help of certain YouTube channels, where everything is explained in detail, and the most important thing is to choose the right coin for trading, with a high volume of trade, so that the price of the coin fluctuates up and down very actively throughout the day to get a good income.

Aren't you a little bit advance than the rest of these beginners to actually dive in scalping without having a little experience or a certain knowledge to understand what they are up to? It is indeed recommendable but it also requires a vast amount of money to certainly gain a very nice profit in a short span of time. Scalping with a minimal amount of money is not that quite effective since you are mostly wasting some time and effort to actually gain a good profit.