Scalping is one of the trading styles in the FX market, which is becoming more popular due to the artificial intelligence and automated trading systems. Today, many traders use scalping rather than day trading, swing trading, or position trading.
SofieAndreasen posted: Scalping is one of the trading styles in the FX market, which is becoming more popular due to the artificial intelligence and automated trading systems. Today, many traders use scalping rather than day trading, swing trading, or position trading.
That's right! Many traders are using automated trading systems to scalp in forex market. However, I prefer to keep my trading manual.
Scalping is a good trading strategy and can be adopted but only if you are interested in short term profits. It mostly suits for day traders. There are many other strategies for traders like risk management, hedging, etc. It is up to the trader which strategy he wants to adopt.
Scalping is good because of the consistency it offers in terms of profits. Although small, but the profits keep trickling in, even on days that see very little movement. Also the risk involved is comparatively less.
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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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