AakZaki
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zknodes.org
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April 27, 2021, 09:46:32 PM |
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Scalping techniques are very practical if you are able to read candles quickly and analyze any price movements that occur. Scalping is widely used for fast trading and getting profits faster with multiple transactions in just a few minutes or a few hours. I sometimes use scalping for several cryptos with high liquidity and are trending at that time.
Large capital is also very influential for the scalping method. The more capital, the more profit you get even though in each transaction you only get a few percent of the profit.
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tippytoes
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April 27, 2021, 11:22:51 PM |
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Scalping techniques are very practical if you are able to read candles quickly and analyze any price movements that occur. Scalping is widely used for fast trading and getting profits faster with multiple transactions in just a few minutes or a few hours. I sometimes use scalping for several cryptos with high liquidity and are trending at that time.
Large capital is also very influential for the scalping method. The more capital, the more profit you get even though in each transaction you only get a few percent of the profit.
I agree with you here, the larger the capital you have, the better in scalping strategy. However, since the OP seems to be new in crypto market. He can start small and grasp first this technique using top alts. Scalping method is also common in crypto, and you can accumulate good profits if you know how to strategize. You need to look out for potential coins that will gain their price and that will entail knowing their market. It will take time, it is not an overnight learning. Patience is also needed here.
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maxreish
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April 28, 2021, 04:28:25 AM |
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Effective scalping works if you have a fast strategies in acquiring profits or good approach of using trading plan and technical analysis. It also requires much of your time as you need to monitor closely the market, the charts and the entry points.
However, if you are still new on this kind of trading, you mist practice or consider some long term trading first before scalping. As the risks are more complicated in scalping rather than doing the usual trading.
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maydna
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April 28, 2021, 11:19:51 AM |
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It is not easy to use scalping trade because we need to think fast about selecting the coin and making an order buy or sell fast. The coin price will move fast and if you can't follow the price, you will lose and will not have a chance to back to the game. But I know some traders use scalping trade to gain more profit, especially in the bullish trend, because they can expect to raise bigger profit.
Perhaps, you need more experience before using the scalping trade as the market will not always move as you want.
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SquallLeonhart
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April 28, 2021, 11:46:00 AM |
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I sometimes use scalping for several cryptos with high liquidity and are trending at that time.
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. you need more experience before using the scalping trade as the market will not always move as you want.
Yeah, today's and yesterday's dogecoin market must be one good example for this. I was expecting doegcoin to be testing lower low but it is suddenly got pumped toward 630 satoshi; highly unpredictable hence just holding seems good option for me.
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johnwest
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April 28, 2021, 03:45:19 PM |
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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..
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taufik123
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Rollbit.com | Crypto Futures
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April 28, 2021, 05:16:50 PM |
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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..
A highly volatile market is even better for the scalping method, because the price movement will be so fast and the coin liquidity is also large. this will make it easier to do scalping methods with dozens of orders. What becomes difficult because those who use scalping methods are not familiar and have not mastered technical analysis. Don't just rely on trading bots because trading bots will not always make a profit. There are several bot errors. Some premium bots are also rented at a high price. Manual scalping is better.
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Woodie
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April 28, 2021, 05:43:06 PM |
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If scalping works for you with other assets, then it's worth a shot for you to backtest it on trading view using the rewind feature to see if things work out, and before you start trading cryptos you need to know that you won't always win your trades because sometimes news affects cryptos, sometimes markets are just manipulated which isn't something new if you have been trading for some time.
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Hamphser
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Vave.com - Crypto Casino
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April 28, 2021, 08:23:49 PM |
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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.
You could do it on platforms that offer those trading options, but many of them have huge spreads which will make it more difficult to benefit from scalping. I know simplefx but I had trouble with them in the past. Don't which exchanges others can recommend for this trading style. You can actually make out some scalping type of trade in typical platforms like Binance on where you can deal off with minimal or in the smallest timeframe which is on 1m and you can hover to other higher tf's in finding some biases for you to make out decisions. Im pretty much aware with Simplefx. Its true that we should be mindful when it comes to gaps or spread so that we would able to make profits out most of it. In the question if its viable then of course it is but this isnt something that anyone could handle on. You should be aware about price volatiltiy and also be mindful that technicals isn't always precise for you to rely on them.
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blockman
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April 28, 2021, 09:50:12 PM |
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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..
A guy that came from forex can easily handle the pressure in futures. But still, he may be new to it and has to practice through spot trading first and he should scalp there instead of future. But once he thinks that he's prepared and ready to take on the next level, then that's the time that he should try himself into futures.
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AakZaki
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April 28, 2021, 09:55:15 PM |
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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.
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Tomiwa_akin
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April 28, 2021, 10:25:15 PM |
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depending on how deep your knowledge is about technical analysis. there are many scalping traders which are doing well. what i know about scalping is that you must be careful about trend, scalp on small time frame and take your profits without greed.
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Sliplop12x13 (OP)
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April 29, 2021, 12:58:22 AM |
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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.
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Sliplop12x13 (OP)
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April 29, 2021, 01:08:02 AM |
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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.
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tygeade
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April 29, 2021, 01:33:35 AM |
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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.
If they meant "copy trading" with you then I guess that will not work for the case of scalping. Moreover, I understand hat they are interested on your methods of scalping if you are making profits through scalping in consistent manner. I guess that major cryptocurrency exchanges are yet to introduce copy-trading facility. So, just following for knowledge level alone possible as far as I am concerned. I never like to trade in short term based methods hence I never considered scalping as one of method that I want to trade with.
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LUCKMCFLY
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April 29, 2021, 04:06:38 AM |
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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.
Of course it works, what happens is that in the Bitcoin market there is an ingredient that very few know how to deal with and that is the volatility of the market, sometimes luck may be with you and help you earn much more than what that is predicted, but it can make you lose very quickly, but because there is a lot of movement due to the fact that bitcoin is currently having a very good recovery some alts are also doing it, and in the short term the market in general is very good, it looks with a big rebound. The bitcoin market is very different from that of forex, stock market and any other, because the logic is very different, you are used to scalping with actions that have guaranteed support, in the bitcoin market the support is supply and demand together with blockchain technology, however the technical analysis applies with all its logic but applying the knowledge of the logic of bitcoin and altcoins.
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doomloop
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April 29, 2021, 08:11:51 PM |
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Scalping techniques are very practical if you are able to read candles quickly and analyze any price movements that occur. Scalping is widely used for fast trading and getting profits faster with multiple transactions in just a few minutes or a few hours.
As I am unable to make quick trading, I guess scalping is not my cup of tea. I'm just preferring to analyze market slowly and then taking decisions on my own time so that I will not be missing out on anything. This way I am very much comfortable with long-term holding kind of bitcoin trading. Even I'm good at technical analysis, I'm not in hurry to make more number of trades. I believe being slow while making trading decisions is helping me to avoid any unexpected mistakes which are core reason for losses.
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jaberwock
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April 29, 2021, 08:34:02 PM |
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Even I'm good at technical analysis, I'm not in hurry to make more number of trades. I believe being slow while making trading decisions is helping me to avoid any unexpected mistakes which are core reason for losses.
Yeah for those traders like you who are very conscious about avoiding mistakes then it would be better not going for scalping. Scalping is kind of betting/gambling. You may win or loss at same probabilities and if you make any small mistake then you may lose that trade very quickly. So, scalping may remain profitable for the traders who are good in every aspects of trading. I tried scalping many times in both forex and cryptos but I am not comfortable for unknown reasons like I feel too nervous sometimes and I am getting panic as well so I just discontinued scalping after few tries.
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jerry0
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April 30, 2021, 07:30:00 PM |
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How much seconds do you even typically have to do scalps? I mean i hear ppl have bots doing it so wouldnt it mean its impossible for someone to manually scalp? Also i got to assume to do scalps, you have to put money on shady exchanges?
Can't imagine someone having money on coinbase/gemini/kraken and binance could do this?
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teosanru
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April 30, 2021, 08:20:25 PM |
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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.
By Scalping I am assuming you mean even a minute movement on a chart whether it is even 0.2%? This sort of strategy I think is best suited in Cryptos as they are quite volatile and might give you a higher %age change on each move but this might not be possible by manual orders. The market is too volatile with huge volumes on big exchanges. Moreover, market whales and Exchanges use manipulative bots which create and destroy buy/sell walls based on your orders. To defeat this type of system you would need a bot for yourself too. So This type of scalping is possible only by using bots to trade. If you ask me for recommendations for existing bots. GunBot is one which I personally just tried once. But to be honest I won't trust my capital in hands of a third-party bot so try to get a bot tailor-made for yourself.
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