Scalping is good. But new traders should not do scalping. Scalping tends people to do over trade. Scalping is done in lower timeframe where there is too much noise in chats. It's a barrier to develop good trading psychology. Once you are expert with controlling your emotions in trading, you can do scalping also.
Dec 30 2020 at 09:28
Yes, scalping is a good strategy and it is also profitable when done right. A lot of new traders tend to lose money because they don’t know how it actually works. Experienced traders tend to profit a lot from it.
Scalping is not easy, a person must be good at technical analysis as the time frame is low. New traders should avoid this trading style as it tends them to do over trade and they can lose hard earned money.
First of all, you need to remember that there are no universal profitable strategies that suit every trader. You will love scalping if you consider its features:
I donot know why beginners try to do scalping when it is been and said that it is very risky and have a higher probability of wiping off your account.
Feb 15 2021 at 17:42
Yes, scalping can develop you financially in a very short time if it is possible to trade with a plan and patience.
Scalping is a good trading style, but yes needs a lot of skills and learning. I agree that beginners shouldn't go in straight for scalping, should try on other easier trading styles first and then switch may be.
Feb 16 2021 at 13:26
That is something I would also like to see.
Feb 16 2021 at 17:34
In my opinion, every trading strategy is good. Each strategy has its own weakness and strength.
LyudmilLukanov posted:
In my opinion, every trading strategy is good. Each strategy has its own weakness and strength.
All the trading strategies have risks. It depends on you how well you trade.
Feb 23 2021 at 11:41
I think beginners should avoid scalp trading in the starting because they have less or no experience of the trading market and they can face loss very easily.
Feb 23 2021 at 12:10
I think the most important thing in forex trading is a reliable and regulated broker. Because without a broker you can not make a trade in this market.
Feb 23 2021 at 18:06
DanielGlaus posted:
I think the most important thing in forex trading is a reliable and regulated broker. Because without a broker you can not make a trade in this market.
Right. Broker play important part in a trader journey.
Scalping is good but you have to do it by controlling the risk. If you trade risk control, you can get much better results from scalping.
pearlstephens posted:
I think beginners should avoid scalp trading in the starting because they have less or no experience of the trading market and they can face loss very easily.
But I think a person learns more while practically applying it, provided he knows something about it. You may face losses initially but you’ll learn scalping this way better. I did scalp trading just a few times through Turnkeyforex and Avatrade. I learned a lot in this process.
Scalping requires good skills, only then one can get good results out of it. Also, beginners should be too careful if they want to try scalping, the risk involved is quite high.
Feb 24 2021 at 14:46
Can a beginner trader profit from scalping? And is it safer than day trading?
BarronLucas posted:
Can a beginner trader profit from scalping? And is it safer than day trading?
Depends on how good you are at either, they'd both be considered strategies.
Some people thrive on scalping, others day trading - try them, find strategies and practice.
Mar 02 2021 at 16:01
New to trading and you are thinking of scalping? I would suggest you to think twice before doing that, because scalping is very difficult to the point where even some experienced forex brokers do not recommend them. You can try scalping in demo trading and see if you are confident to try that out in real account.
Mar 23 2021 at 05:11
Scalping is really a profitable but complex strategy. So it is better that newbies focus on other things before jumping into it.
