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I might say that in order to become a successful scalping trader, it takes to be more sophisticated and cold-blooded than usually. Sober control over yourself and no spontaneous chances to win, only constantly stressed strategy would go through. It is also easy to become a successful stop loss scalper
From all trading strategies scalping is really profitable that brings profit in a short time. But I have seen according to my trading experience in spite of a profitable trading policy scalping cannot use in a regulated trading broker due to many restrictions
Madjarrah posted: I might say that in order to become a successful scalping trader, it takes to be more sophisticated and cold-blooded than usually. Sober control over yourself and no spontaneous chances to win, only constantly stressed strategy would go through. It is also easy to become a successful stop loss scalper
You are right, scalping is challenging since SL and TP positions are too short! But, it’s true maximum retail traders are involved with scalping trading.
Make sure your broker allows it and you have fast connection with no glitches, you don't get much time to set stops or limits that comes with practice,it might be just one or two bars on smallest time frame.
For Scalping need Good Moneymanager Calculation - RISKs Also need Good Signal and System + STOP LOSS than it will be safe And do not play 24 h all day and all Night... Best way to use scalping is [before / at / after] Strong News using Fundamental + Elliot+ Fibo Levels
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.
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