Scalping! Can it really be profitable in the long term? | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading method using multi time frames for long term and scalping - YAS1R 102 replies

Long Term vs Short term (scalping) discussion 7 replies

Long term profitable EA 8 replies

Short Term / Medium Term / Long Term? 3 replies

Trend Smasher - Profitable Mechanical Long Term Position Trading 109 replies

Attachments: Scalping! Can it really be profitable in the long term?
Exit Attachments

Scalping! Can it really be profitable in the long term?

  • #41
  • Dec 26, 2023 5:46am Dec 26, 2023 5:46am
Scalping is profitable long term if the psychological aspect of the trader is already developed as well as the strategy. my advice is to day trade/swing trade first learn market movements gain confidence in your strategy and once profitable consistently move to lower time frames. its easier to take 10 pips from a 150 pip move you know is going to happen based on high probabilities than look for 10 pips every trade with minimal confidence and discipline. hope that helps
  • #42
  • Dec 26, 2023 10:16pm Dec 26, 2023 10:16pm
Quoting cosmicjazzer
A question if I may: Is there anyone on here who makes a living scalping? Can it really be done?! I ask this question as scalping suits me in many ways but I must confess that I am only breaking even (demo trading). I've read so much to the effect that one simply cannot profit in the long run trading what is essentially noise and I wonder if I'm wasting my time. If someone is actually profiting it would encourage me to persevere!
scalping for me is intra day trades or trades that does not last more than a day. So, yes.

Been at it since sept till now and it is consistent if you have a model that you follow.

If you have a fully capable strategy. Uses fundamentals and price action, you will like scalping.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20231226_224631_Samsung Internet.jpg Size: 249 KB
Trading is gambling. So gamble responsibly.
  • #43
  • Mar 12, 2024 9:09am Mar 12, 2024 9:09am
Scalping involves making a large number of trades to capture profit from small price movements, often holding positions for short periods of time. While a profitable strategy when done correctly, it requires specific conditions, discipline, and a well defined approach. Additionally, it demands a high level of attention, quick decision-making, and rigorous risk management.

Scalp traders need highly liquid markets where traders can enter and exit positions without major price slippage. Volatile markets offer opportunities but come with higher risk.

Transaction costs must also be considered before you switch to scalp trading. As scalping involves many transactions, the broker fees may accumulate. Check with your broker on what their trading costs are so you can find the right balance. At ThinkMarkets, our Standard Accounts have zero commissions so you can open as many positions as you want.
Visit our Newsroom for all the latest market news and updates.
  • #44
  • Mar 12, 2024 10:49am Mar 12, 2024 10:49am
Yes.
Trading is gambling. So gamble responsibly.
  • #45
  • Mar 16, 2024 11:17am Mar 16, 2024 11:17am
Scalping is a time consuming and risky way to make money imo.

For example, there was a huge scalping market for new consoles when the PS5 and XBox X were released. A lot of groups made a lot of money with their bots and scalping.

But, once production caught up, there were a lot of people left holding the bag.

It's also time consuming because then you have to actually manage a shipping or reselling operation. You have to deal with customer service, shipping issues, packaging, listings, and more.
  • #46
  • Mar 17, 2024 7:40am Mar 17, 2024 7:40am
Quoting kasonhills11
It's also time consuming because then you have to actually manage a shipping or reselling operation. You have to deal with customer service, shipping issues, packaging, listings, and more.
What on Earth are you talking about? Do you even know what scalping is?? Are you a bot, or a person???
  • #47
  • Mar 21, 2024 11:56pm Mar 21, 2024 11:56pm
Lots of pros on YouTube are winning scalpers. Keep going
  • #48
  • Mar 22, 2024 9:41am Mar 22, 2024 9:41am
Quoting FreeMoney4us
Lots of pros on YouTube are winning scalpers.
They’re really not, but they might be winning marketers.

Winning scalpers are not selling/promoting anything - including themselves - on Youtube (and obviously they’re not trading spot forex CFDs, either, that‘s a complete contradiction in terms)!
  • #49
  • Mar 25, 2024 1:14am Mar 25, 2024 1:14am
The problem with scalping is overtrading.
Trading is gambling. So gamble responsibly.
  • #50
  • Mar 27, 2024 3:57am Mar 27, 2024 3:57am
I am scalping with cpfleger's indicator now,
my limitation is overtrading and counter-trend trading can occur leading to account blowout.
  • #51
  • Mar 27, 2024 4:50am Mar 27, 2024 4:50am
Quoting cosmicjazzer
A question if I may: Is there anyone on here who makes a living scalping? Can it really be done?! I ask this question as scalping suits me in many ways but I must confess that I am only breaking even (demo trading). I've read so much to the effect that one simply cannot profit in the long run trading what is essentially noise and I wonder if I'm wasting my time. If someone is actually profiting it would encourage me to persevere!
Successful scalping requires rapid decision-making, tight risk management, and the ability to capitalize on small price movements. However, it also entails high transaction costs and may require advanced technology and infrastructure to execute trades efficiently, making it challenging for some traders to sustain profitability over the long term.
  • #52
  • Mar 30, 2024 6:45am Mar 30, 2024 6:45am
yup most retail traders usually scalp, and yes scalping does yield good results in the long run if done correctly. i cant pinpoint the exact reason for it, its more like its the way that it works. I say this with the idea that scalper use correct trading analysis and more experience with the currencies they are working with, the down side is it might just take more time
  • #53
  • Apr 4, 2024 2:05am Apr 4, 2024 2:05am
Quoting khoaphan96
I am scalping with cpfleger's indicator now, my limitation is overtrading and counter-trend trading can occur leading to account blowout.
Can you please share more information about the Indicator that you're using?
  • #54
  • Apr 4, 2024 9:27am Apr 4, 2024 9:27am
Quoting Quickly
Winning scalpers are not selling/promoting anything - including themselves - on Youtube (and obviously they’re not trading spot forex CFDs, either, that‘s a complete contradiction in terms)!

This is exactly the point that so many don't appreciate.


Quoting cosmicjazzer
Is there anyone on here who makes a living scalping?

In this forum, probably not. Because someone doing it for a living would (unlike most of this forum’s members) understand in detail the reasons it couldn’t be done with CFDs/spot forex by trading against a counterparty, and wouldn’t even want to try to do it that way, which would make absolutely no sense at all.

The people who imagine it can be done are people who don’t really quite understand what a “broker” is (specifically, they imagine that they’re dealing with one, when they’re actually dealing with a market-maker) and they don’t actually understand why that matters.

I’m not saying there aren’t any retail traders making steady profits by scalping. I know that there are.

All the ones I know, myself, are ex-institutional traders now trading independently but I don’t doubt that there are others too: just because I don’t happen to know any, myself, doesn’t prove that they don’t exist, and I imagine a few do. Perhaps a very few. The point I’m making is that what they all have in common is that they’re NOT trading CFDs/spot forex.

They’re trading futures. Yes, all of them. So that they’re dealing with a genuine broker who is on their side and wants them to win, and they’re not paying speads, and they’re dealing in an honest, transparent and ethical genuine market, and they can combine high leverage with far better regulation and security than you can ever get from a CFD broker.

These are all the things that make the long-term differences between making overall profits and overall losses.

It’s just that many of this forum’s members don’t quite appreciate that, don’t like hearing it, don’t want it to be true, and resent people pointing it out. But none of that makes it any less true - and it is true.
  • #55
  • May 10, 2024 7:02pm May 10, 2024 7:02pm
I wonder if scalping is only fundamental based or you can actually use technical analysis for scalping as well.
  • #56
  • May 11, 2024 9:22am May 11, 2024 9:22am
Quoting Reyesisme
I wonder if scalping is only fundamental based or you can actually use technical analysis for scalping as well.

Everyone who has ever been, or even seen, a scalper on the trading-floor of any financial institution in the world will give you the same answer: 100% of them - not just 99% - use TA (as well as fundamentals, obviously, not instead of!).
  • #57
  • May 12, 2024 5:01am May 12, 2024 5:01am
Quoting Reyesisme
I wonder if scalping is only fundamental based or you can actually use technical analysis for scalping as well.
I only looked here because Karl posted and I follow his posts, to be honest, but clearly all scalping is necessarily TA-based.

Fundamentals can provide a directional bias for scalping (as for any other sort of trading, of course) but how could scalping ever be fundamental based?

You must mean something very different, when you say scalping, from what anyone else means by it?
  • #58
  • May 15, 2024 5:46am May 15, 2024 5:46am
Quoting cosmicjazzer
A question if I may: Is there anyone on here who makes a living scalping? Can it really be done?! I ask this question as scalping suits me in many ways but I must confess that I am only breaking even (demo trading). I've read so much to the effect that one simply cannot profit in the long run trading what is essentially noise and I wonder if I'm wasting my time. If someone is actually profiting it would encourage me to persevere!
Scalping can be profitable in the short term due to its high-frequency nature, but sustaining long-term profitability requires precise execution, discipline, and frequent adaptation to changing market conditions. It's challenging due to transaction costs and the need for intense focus
  • #59
  • May 18, 2024 7:41pm May 18, 2024 7:41pm
Quoting pizd0s
{quote} Scalping can be profitable in the short term due to its high-frequency nature, but sustaining long-term profitability requires precise execution, discipline, and frequent adaptation to changing market conditions. It's challenging due to transaction costs and the need for intense focus
so why do traders risk there money long term could never understand it , but its their money not mine, it is not the share market perhaps that what they dont understand
people leave, but this thread will go on for ever
  • #60
  • May 26, 2024 3:17pm May 26, 2024 3:17pm
Quoting pizd0s
{quote} Scalping can be profitable in the short term due to its high-frequency nature, but sustaining long-term profitability requires precise execution, discipline, and frequent adaptation to changing market conditions. It's challenging due to transaction costs and the need for intense focus
Do not agree.
High frequency manual scalping is a loser strategy, both short and long term. It leads to overtrading, exhaustion and ultimately inevitable loss.
Low frequency precision scalping on the other hand can be very profitable, even in the long term.
But for that one needs an edge in order to identify high probability setups and only trade those.
0 traders viewing now