Roberto21 posted: Doing scalping is not easy thing and in fact most traders lost their money are traders who use scalping techniques while trading, usually scalpers get tempts to open so much positions because of greedy want earning huge profit in short of time but it lead them to trouble lost of money.
Yeah. Scalping requires good experience and knowledge. Beginners should rather stay away from this style as its risky too.
Now it is in great demand among traders, because if the forecast is correct, it helps to increase profits by several times. But you should do it thoughtfully, because in the same way you can lose everything at once. So do not forget to check everything and work on a demo.
Marraby posted: I don't think this strategy can be considered simple, especially for a beginner. It seems to me that it has too much dynamics, so there are often complex and exciting situations that require a quick reaction and ingenuity...
Yes you have spend months and years on a system that is catered to quick response but i found once you get the experience although risky can be very rewarding...in and out and done for the day
There is a saying that says 'You can try to scalp the forex market, but eventually it will scalp you.' Scalping seems fun when you're winning, but as soon as you start losing, it's not fun anymore. Most of the time traders will eat up most of their capital before they call the experiment a failure.
The best part of the forex strategy is money management –make sure every time you trade , you don’t risk more than 2-3% of you account otherwise you will break your account pretty soon. I learned that lesson from my own experience.
define easy. it's not same as other strategies you have to have some experience in the field, you know. saying it's a foilish game is not smart since i know people making A LOT of money. you jyst have to have think differently that's all it's not easy. it's different. and you need to be ready for that different.
i wanted to try to be a scalper, but read a lot of contradictory things. on the one hand there's possibility of quick money. but on the other the risks're very high. as i understand when scalping, at least 10 orders in different currencies're opened immediately and they're closed at any market fluctuation. am i right?
I do scalping trading because I don't have the patience for long term trading, particulary when it goes against me. I'm more of a live in the present type of guy I look at the chart & if it's going down I short. It its going up I do a long. I'm in and out usially within an hour or so...
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