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scalping is risky ?

Alcides666
Feb 12 2019 at 09:53
10 posts
I don't think that any broker allow scalping. Most forbid such practice (because it is profitable and they do not want their money taken). If you know of broker that allow scalping please let me know

REB_FX (REB_FX)
Feb 12 2019 at 11:14
35 posts
All Forex trading is risky, whatever style you trade you must implement a sound trading plan with good risk management.

Ultimately it will come down to your own preference and how risk averse you are, and what will suit your personality

There are successful traders out there using all time frames and strategies, but risk is inevitable, and you decide what you are comfortable risking.

 Its your money at the end of the day nobody elses!

niceGLer
Feb 14 2019 at 06:35
165 posts
Even a spread of 1 pip denies scalping regarded as a short term trading with a duration less than an hour. It is risky without proper knowledge.

BipinBike
Feb 14 2019 at 08:47
10 posts
I have trading plan and risk 2% but still steadily make loss after loss. It feels very unfair. I have read everything online and tried many strategy but none seem to work for me

walpants
Feb 15 2019 at 13:52
44 posts
Admoni posted:
I have seen according to my trading experience the newcomers always looking for scalping strategy that brings profit in a short time than others techniques , but scalping sometimes causes a great losses if you don’t make sure lowest trading spreads. So for scalping first of all please make sure most comfortable trading spreads.

when started trading last year i leaned towards scalping mainly because i was impatient and wanted quick in and out trades, i ended up failing, main reason i didnt have enough experience but also because my risk reward ratio was so out of proportion, i could win 5 trades in a row but then loose 1 and wipe out all the previous profit!
this time i need a new approach.

togr (togr)
Feb 15 2019 at 13:54
4862 posts
REB_FX posted:
All Forex trading is risky, whatever style you trade you must implement a sound trading plan with good risk management.

Ultimately it will come down to your own preference and how risk averse you are, and what will suit your personality

There are successful traders out there using all time frames and strategies, but risk is inevitable, and you decide what you are comfortable risking.

 Its your money at the end of the day nobody elses!


I agree, though one of the main Forex rules is cut your losses soon and keep profits growth, which is contrary to scalping when you cut your profits soon and let losses grow.

Muscat
Feb 15 2019 at 14:05
11 posts
I am in same situation. I wonder if trading really can be profitable. It seems like no body really make any money and price movement is just random with no pattern

niceGLer
Feb 15 2019 at 20:07
165 posts
In addition to cutting losses early it is important to recognize when to trade and when not. Generally, one is not making any profits if the prices are not moving. The higher the spread is the larger the move should be. Scalping is not about cutting profits. It is about short term trading and closing the trade immediately at the moment the momentum reverses. Spread should be as low as possible, so a retail trader really does not have an opportunity to scalp trade. I think scalper is working in lesser time frame than 5 min.

Personally, I cannot afford trading what I regard as scalping. I can only afford trading with a broker, which has spreads between 1 - 1.5 pips.

Short term trading is profitable, but it requires time - a lot of time, and a definite skill set, too.


REB_FX (REB_FX)
Feb 17 2019 at 07:36
35 posts
Muscat posted:
I am in same situation. I wonder if trading really can be profitable. It seems like no body really make any money and price movement is just random with no pattern


Trading can certainly be profitable, but it is not easy, and it takes experience and time to be consistent. I tried scalping but it wasn't for me and found my comfort zone on the 4hr charts mainly.

Markets are unpredictable and there is never a guarantee a trade will go how you planned, but there are certainly patterns and chart areas that can be identified for higher probability trades.

You must find a trading edge in whatever style you trade to be profitable.
 

nick3232
Feb 17 2019 at 07:49
156 posts
Muscat posted:
I am in same situation. I wonder if trading really can be profitable. It seems like no body really make any money and price movement is just random with no pattern


yes specially on smaller time frames.(looking worse)

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