I have seen according to my trading experience the newcomers always looking for scalping strategy that brings profit in a short time than others techniques , but scalping sometimes causes a great losses if you don’t make sure lowest trading spreads. So for scalping first of all please make sure most comfortable trading spreads.
* Spread - good to be tight, but this is not so important as execution. With other words even if you have narrow spread, but execution is bad and always with slippage, then the spread you see does not worth nothing! * Scalping - is not more risky than long term trading, just requires proper mental attitude. The trades are lasting seconds, or minutes, but in the EOD you do not have open positions and you do not have market risk transferring overnight (what about major news came out, earthquake in zone of the currencies traded, flooding, unusual events came out ... etc.) :)
Hi all, Yes, scalping is risky at times when you are a beginner and you do not have an idea of execution time of the trade. As the market prices and spreads fluctuates with micro second count of time so, it’s better to gain experience on long term trading and test all the market conditions before moving to the scalping style of trading.
Scalping is part of trading so of course it is risky. However it is not for everybody. The newly beginner traders have no patience for a profiting start. Mainly because they know from their friends that it is easy to trade, because they have seen some commercials, because they have read in some forums that trading gets you fast and easy money and 100 more wrong statements. Then they read just one or two definitions for scalping and start directly with live account. BOOM! 1-2 weeks and the money are gone. After that beginners mainly do one of these 3 things: 1. start to learn more about trading; 2. completely terminate trading as part of their life; 3. continue to trade the same way until they loose almost all of their bank account. So please to all - SCALPING is not that easy as it looks!!!
I might say that in order to become a successful scalping trader, it takes to be more sophisticated and cold-blooded than usually. Sober control over yourself and no spontaneous chances to win, only constantly stressed strategy would go through. It is also easy to become a successful stop loss scalper
From all trading strategies scalping is really profitable that brings profit in a short time. But I have seen according to my trading experience in spite of a profitable trading policy scalping cannot use in a regulated trading broker due to many restrictions
Madjarrah posted: I might say that in order to become a successful scalping trader, it takes to be more sophisticated and cold-blooded than usually. Sober control over yourself and no spontaneous chances to win, only constantly stressed strategy would go through. It is also easy to become a successful stop loss scalper
You are right, scalping is challenging since SL and TP positions are too short! But, it’s true maximum retail traders are involved with scalping trading.
Make sure your broker allows it and you have fast connection with no glitches, you don't get much time to set stops or limits that comes with practice,it might be just one or two bars on smallest time frame.
For Scalping need Good Moneymanager Calculation - RISKs Also need Good Signal and System + STOP LOSS than it will be safe And do not play 24 h all day and all Night... Best way to use scalping is [before / at / after] Strong News using Fundamental + Elliot+ Fibo Levels
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