New traders love scalping
Member Since Sep 30, 2020
58 posts
Dec 23, 2020 at 09:58
No doubt low spreads are important for scalping. But even more critical is the ability to take trading decisions on your toes.
Dec 23, 2020 at 11:24
LyudmilLukanov posted:Agree. Scalping is very risky for the beginner so I am surprised that there are many newbie traders saying that they like to do scalping.Jude_craig posted:Scalping is profitable for all kind of trader if you know the strategy well. However, i recommend new trader not to adopt this kind of strategy first.
But is scalping profitable for beginners?
Member Since Sep 30, 2020
28 posts
Dec 23, 2020 at 12:45
It’s not that other trading techniques are more profitable, you will lose money either way.
Member Since Jun 05, 2020
4 posts
Dec 23, 2020 at 19:33
Make sure to backtest first before scalping
Elena Triston (ele020)
Member Since Apr 15, 2020
219 posts
Dec 24, 2020 at 04:57
Scalping is a pro technique. A newbie shouldn't risk its capital in scalping initially. A newbie is not aware of the market conditions neither he has any idea of the spreads so starting with scalping is definitely gona eat your capital. I suggest higher time frames and fundamental analysis for newbies.
The more your practice, the more you learn.
Member Since Jul 17, 2020
42 posts
Dec 24, 2020 at 12:07
That is true, I was a day trader when I started off some years back with cmc markets. Thrice had to reinvest from a scratch because I brought my trading balance to 0. I became a scalper later and I don’t think my trading journey (in terms of profits earned) would have been any different if I would have started off with scalping. It’s time that eventually teaches the way the market behaves.
Member Since Jul 23, 2020
869 posts
Dec 26, 2020 at 11:20
muhairil92 posted:Right. Also avoid volatile market during important news release or events.
Make sure to backtest first before scalping
Member Since Jul 20, 2020
298 posts
Dec 27, 2020 at 02:22
It is never possible to be a successful trader by trading without gaining experience. Whether you do scalping or long time trading, you must gain trading experience.
Member Since Oct 27, 2020
21 posts
Jan 19, 2021 at 08:58
Yes, scalping is great for short term profits but it is also a risky strategy. Most expert traders only make use of it.
Jan 19, 2021 at 12:28
Scalping is good but after hundred of trades, it can go wrong due to the law of large numbers.
And new traders often hold losing positions too long or too large.
They are willing to take 2-3 pips, but not willing to cut losses more than 10 pips and holds them till margin call.
And new traders often hold losing positions too long or too large.
They are willing to take 2-3 pips, but not willing to cut losses more than 10 pips and holds them till margin call.
Member Since Jan 11, 2019
147 posts
Jan 19, 2021 at 12:39
I think scalping is good to earn small profits.
Jan 26, 2021 at 20:49
UweMoench posted:It`s even the worst idea. It can look simple but it`s absolutely not. The scalping must be the last think to do for newbies.
New traders love scalping as it gives quick profit. And this makes them addicted to trading. But I think starting with scalping is a bad idea. Everyone should start with higher timeframe. After some experience scalping can be done.
momchil_slavov@
lovefortrading (perryjohn765)
Member Since Sep 12, 2017
238 posts
Jan 27, 2021 at 04:15
ya and i believe thats good.. you book small profit or even if losses those small losses can be recovered. so it can be a good strategy
Elena Triston (ele020)
Member Since Apr 15, 2020
219 posts
Jan 27, 2021 at 06:54
momo3HC posted:Finally a sound answer. ... its exactly true... scalping and newbies is a perfect example of trading disaster.UweMoench posted:It`s even the worst idea. It can look simple but it`s absolutely not. The scalping must be the last think to do for newbies.
New traders love scalping as it gives quick profit. And this makes them addicted to trading. But I think starting with scalping is a bad idea. Everyone should start with higher timeframe. After some experience scalping can be done.
The more your practice, the more you learn.
Member Since Jan 13, 2021
29 posts
Jan 27, 2021 at 19:59
Yes I agree I do see a lot of people scalping
Feb 02, 2021 at 18:44
Bradley88 posted:Be careful with brokers that offer zero pip spreads. They are in business to make money. If they cannot make it in the spread then you can guarantee they are making it somewhere else. Unfortunately, the way they usually do this is by taking the other side of your trades. They know that statistically 80% to 90% of new traders lose most or all their trading capital within the first 90 days.
I prefer scalping because it's profitable for all kind of traders and requires only a well-executed strategy. Currently, I'm looking for a suitable broker that offers spread averaging at 0.0pips and faster execution.
If you could run a business where you knew that you could take most or all of someones capital within 3 months simply by winning when they are losing (that's what happens when you lose on a trade and the broker is on the other side of that trade), would that not be a no-brainer? The fact that it is unethical and unfair does not even register with most of these brokers.
Therefore, I would recommend that you stay away from brokers that offer zero pip spreads due to the conflict of interest this situation entails. They will try to hide the fact that they so this by various means (setting up an intermediary company, for example) or simply mislead you with a claim of offering STP (Straight Through Processing) without clarifying that they also have a 'Dealing Desk' (which they use to 'facilitate liquidity' - broker speak for winning when you lose).
There's a lot of sharks out there, be careful that you don't get eaten.
Happy Trading!
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