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.
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?
Dec 23 2020 at 12:45
It’s not that other trading techniques are more profitable, you will lose money either way.
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.
Dec 23 2020 at 19:33
Make sure to backtest first before scalping
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.
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.
Dec 26 2020 at 05:06
Anyone who is a quick thinker can be good at scalping, sooner or later.
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
Forex scalping strategy is not tied to an obligatory trend in the foreign exchange market
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.
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.
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.
Jan 19 2021 at 12:39
I think scalping is good to earn small profits.
Jan 19 2021 at 13:47
Beginners prefer scalping because they can trade with a short term period and use their strategy to win trades even though the profit is low; it is a better way to gain experience in live trades.
Beginners prefer scalping because it is one of the shortest ways to earn profit in trading and some beginners enter into trading for some quick cash where other beginners use scalping for a live trading experience.
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.
Jan 27 2021 at 03:53
It’s true that new traders want to earn quick profits and hence, prefer scalping. But scalping is quite risky especially for new traders who are not well aware of how the market moves. Newbies should prefer day trading instead.
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
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.
