No one can get profit without taking the risk for the investment. Scalping is the one of the best trading strategy in Highly volatile trading, It is also danger when large loss overcome the many small profits. Scalping is not good for beginners.
I think to say scalping holds no risk is very unwise and misinformative for new traders. All aspects of trading hold some sort of risk, it is ultimately how you manage your risk that defines you as a trader. I would suggest if you are new to trading or even seasoned and struggling use very tight stops and only risk 2-3% equity while you are learning. Demo trading does not reflect what will happen on a live server due to the fact that variable spreads are not actually variable in demo and if you are using an ECN commissions I have found to vary depending on the broker. I would look to find a more worthwhile strategy that does not involve entering and exiting the market 29 times for 60 pips and find a strategy that will yield you 60 pips in one trade.
according to me 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.
Its something that I am not gonna knock into but, I am figure out about 15 minutes chart and take 2 or maximum 3 trade along with good setup. fundamental news releases is boost for profit potential but require to know about, pattern, or what indicators explain about, where the movement possibly goes to head.
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.
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