Scalping would result in profits only when you are trading with a low cost broker offering great trading conditions and a fully functional trading platform. The best option would be opting for a pure ECN broker with proper regulation. My top suggestions would be Fxview and Fxpro in this case.
SteveFx11 posted: Traders can make good amount of profit if they follow indicators properly. But you have to find out some good indicators with time that give a trader better signal.
Yes I agree completely, one should know the proper usage of indicators in order to make their trading fruitful.
Though indicators are useful, fully depending on them is not a good idea. You need to work on your trading skills and market knowledge as well. Besides, scalping is a risky strategy and all traders must be knowledgeable about the technicals and how to read charts.
It kinda makes sense from their point of view. They joined in forex trading just so that they can make a quick buck out of it. Scalping is best when it comes to making good returns providing you are using correct technique and strategy when trading.
Scalping is a popular trading strategy among new traders because it offers the potential for quick profits. This allows traders to take advantage of small price movements in the market, which can add up to significant profits over time. Additionally, scalping can be seen as less risky than other forms of trading, as the small profit targets and tight stop-losses can limit potential losses.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.