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.
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.
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.
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.
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.
UweMoench posted: 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.
I believe scalping strategy is a great technique for beginners to apply. It involves opening a position, gaining some pips and then closing the position shortly afterwards. It's also one of the easiest to master.
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