According to 'statistics' 95% of traders lose money, and most of it has nothing to do with the broker or trading platform but the traders' strategies. Most scalping systems eventually lose. It is important to hold on as long as possible with predetermined SL and TP zones.
I keep trades open for days sometimes but I trade on the daily charts too. My Stoploss is usually set at a 70 pip stop loss. I will keep a winning trade open as long as I keep making profit off of the daily trend. So far my longest trade I think is 8 days. However it also netted me 188 pips.
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.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.