I have seen according to my trading experience despite of a profitable trading policy scalping cannot use in a proper way due to many restrictions. So we the traders who are particularly scalpers always have to be more careful when choosing a broker. Scalping will be successful when you could make sure lowest trading spreads which is very supportive to make profit with certainly by scalping that brings profit in a short time.
This is my Youtube video explaining the entry and exit strategy I use. My best advice is to go back to demo and learn more about indicators and how they can help you enter and exit trades before you open another trade in your live account
My advice is to use split your Forex portfolio into multiple accounts to reduce the risk of losing. Use different trading strategies on each of them. If you keep losing you can invest in good PAMM accounts to make money.
I have seen according to my trading experience the traders who are particularly new Forex trader or part timer always try to depend on scalping approach that brings profit in a short time. scalping brings profit very rapidly but this approach make them loser ultimately because it contains huge risk.
Mohammadi posted: I have seen according to my trading experience the traders who are particularly new Forex trader or part timer always try to depend on scalping approach that brings profit in a short time. scalping brings profit very rapidly but this approach make them loser ultimately because it contains huge risk.
There are many ways to scalp the Forex market, not everyone loses by scalping, at least I don't. The huge risk you are talking about is not the same for everyone. I agree with you that scalping is risky if a trader is trying to win 3 pips by risking 200 but scalping with good money management brings good results.
On the opposite side, I find it much harder to catch big swings without having to avoid huge DD. When I started trading 13 years ago I was looking for the big 50 and 100 pips profit per trade but how many times I did not close my trades in profit and it turned into losses. I learned the hard way by losing thousands of dollars back then but I'm happy now with my actual scalping methods.
I definitely prefer to close my trades with small profits, being too greedy has never been profitable for me.
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