Admoni posted: 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 loss if you don’t make sure lowest trading spreads. So for scalping, first of all, please make sure most comfortable trading spreads.
DonaldB posted: Long term trading is also risky due to the risk of fundamental movements that can make trader's analysis is useless and leads to losses. So, the basic question is 'is forex trading risky?'
Agree with you! And, in a word the answer will be: Forex is risky if you try to make money here without proper knowledge.
Scalping is a trading policy that brings profit in a short time. That’s why from my first day of trading I have been using this profitable trading policy due to getting profit instantly. But in spite of a profitable trading approach this cannot use in a regulated trading broker due to many restrictions.
The fact that brokers do not allow scalping surely mean that it is profitable. Do ECN broker allow scalping? If so that would be great. I am not expert at scalping but I have always been interested in it
Each the trader has a choice of the broker to be used, should the trader can choose a broker that is more appropriate to the concept of trading that will be sued, if you love scalping , should choose the broker which allows trading concept such as this.
Admoni posted: 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.
when started trading last year i leaned towards scalping mainly because i was impatient and wanted quick in and out trades, i ended up failing, main reason i didnt have enough experience but also because my risk reward ratio was so out of proportion, i could win 5 trades in a row but then loose 1 and wipe out all the previous profit! this time i need a new approach.
In addition to cutting losses early it is important to recognize when to trade and when not. Generally, one is not making any profits if the prices are not moving. The higher the spread is the larger the move should be. Scalping is not about cutting profits. It is about short term trading and closing the trade immediately at the moment the momentum reverses. Spread should be as low as possible, so a retail trader really does not have an opportunity to scalp trade. I think scalper is working in lesser time frame than 5 min.
Personally, I cannot afford trading what I regard as scalping. I can only afford trading with a broker, which has spreads between 1 - 1.5 pips.
Short term trading is profitable, but it requires time - a lot of time, and a definite skill set, too.
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