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New traders love scalping

Mikehussey
Dec 23 2020 at 09:58
58 posts
No doubt low spreads are important for scalping. But even more critical is the ability to take trading decisions on your toes.

reggae
Dec 23 2020 at 11:24
52 posts
LyudmilLukanov posted:
Jude_craig posted:
But is scalping profitable for beginners?

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.

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.

Pointingmark
Dec 23 2020 at 12:45
28 posts
It’s not that other trading techniques are more profitable, you will lose money either way.

Bradley88
Dec 23 2020 at 15:11
31 posts
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.

muhairil92
Dec 23 2020 at 19:33
4 posts
Make sure to backtest first before scalping

ele020 (ele020)
Dec 24 2020 at 04:57
211 posts
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.
blandpatsyy
Dec 24 2020 at 12:07
42 posts
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.

Davidtaylorr
Dec 26 2020 at 05:06
31 posts
Anyone who is a quick thinker can be good at scalping, sooner or later.

LyudmilLukanov
Dec 26 2020 at 11:20
461 posts
muhairil92 posted:
Make sure to backtest first before scalping

Right. Also avoid volatile market during important news release or events.

Bunaya
Dec 26 2020 at 12:41
54 posts
Forex scalping strategy is not tied to an obligatory trend in the foreign exchange market

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