Due to small balance I always have to depend on scalping that brings profit in a short time. But it causes a great loss sometimes, because within short it’s really difficult to predict the market with certainly. So I think long term trading is too much safe and sounds.
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...
there are multiple scalping strategies that can be efficient. The most challenging is finding the broker with conditions to suit you. I am trading at a broker with an ecn account called the 'Scalper Account' conditions and rules are perfect for Scalping , no restrictions and no stupid limits you find at most market makers.
Scalping is quiet easy and as a professional, I use it too but I don't depend on only scalping, I have other methods incorporated into my trading style, if time for scalping, I scalp, if time for long range, I do that and if also time for other systems to be used, I do. But one thing is, no trading day that passes by without me not scalping, it's a very great way to make profits, but you must have a Good Money Management to be a successful high profiting Trader. That is how I scalp successfully.
I feel it is matter of self discipline and keeping cool remain the challenge - a constant for trading forex, as you can some times see money coming to soon, forex is prone to greediness on click of button and expecting windfall profits added by news from all over people hitting jackpots, if it was so easy to make money we would see every next person leaving his job for trading, following system strictly and not overtrading is the key. he main culprit of scalping is sitting in front of screen - getting tempted - increasing stakes and finally shooting yourself in return. there fore all strategies are challenging this having little to do with in depth analysis, therefore easy to takeup.
In my initial stage of trading I tried with multiple indicators based trading strategy, but no good result I found! That’s way, I have already shifted with news trading analysis! I seem, news trading strategy is much powerful than any other indicator based trading!
KellyJame posted: Scalping is a very good trading strategy where we can hold the positions for short time and make some profits. It is advised to use scalping only if you have experience in forex trading.
My own scalping I hold for short and long time, I has been part and foundation of my trading
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