I think it mostly depends on your trading appetite. In my years of trading, I've tried scalping several times at different points in my trading career. And I can tell you that it really doesn't fit me! I think I almost went borderline insane whenever I tried it lol. I just can't stand monitoring my charts for short-term fluctuations. For me, swing trading is life <3
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It is difficult to answer this question as it completely depends on the trader’s strategy and skills. Scalping can be extremely profitable as it reduces the chances of reversal which further aids in accumulating profits from short term trades.
Quite the opposite! I think scalping is a difficult trading strategy because traders have to execute a series of trades to make sustainable profits. And traders need to be quick thinkers. Successful scalpers have good exit strategies and follow strong risk management methods.
Yes, Scalping can be extremely helpful in generating profits and can put the traders in and out of trading positions easily. A great choice, positions in scalping are held for a very short span which enables lower chances of reversals and aids in accumulating profits from small trades.
Who said scalping is easy? Scalp trading strategy has the potential to earn you a good amount of profit but is also hard and risky. A trader should be thorough with his technical analysis and have a quick decision making capability. Along with a calm and patient psychology.
Forex scalping is a technique that is quite popular amid day traders as it allows them to accumulate small profits from trading heavy volume with only a brief holding time. However, traders should choose to adhere to the strict exit and entry strategies.
skihav posted: Definitely not. It should be understood that scalping for work is not the easiest and most reliable option.
I totally agree. Even though scalping is tough but gives great profit earning opportunities. If a trader has a good amount of knowledge and has developed his trading skills in accordance with scalping he can easily make good profits.
It’s probably the most difficult thing in trading. It’s very stressful. To become a successful scalper, a trader should have balls first. He or she should absolutely control emotions because scalping is a big never-ending stress.
Every forex strategy brings with it their own set of challenges. Compared to all, I find forex scalping the most suitable for my own needs, As different traders have different circumstances, their choice of trading differs.
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