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Scalping is good
Dec 06, 2020 at 08:09
Member Since Jul 19, 2020
749 posts
Scalping is good. But new traders should not do scalping. Scalping tends people to do over trade. Scalping is done in lower timeframe where there is too much noise in chats. It's a barrier to develop good trading psychology. Once you are expert with controlling your emotions in trading, you can do scalping also.
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Feb 24, 2021 at 14:49
Member Since Feb 07, 2015
24 posts
BarronLucas posted:
Can a beginner trader profit from scalping? And is it safer than day trading?
Depends on how good you are at either, they'd both be considered strategies.
Some people thrive on scalping, others day trading - try them, find strategies and practice.
Sam.peters@
Member Since Jan 22, 2021
126 posts
Mar 02, 2021 at 16:01
Member Since Jan 22, 2021
126 posts
New to trading and you are thinking of scalping? I would suggest you to think twice before doing that, because scalping is very difficult to the point where even some experienced forex brokers do not recommend them. You can try scalping in demo trading and see if you are confident to try that out in real account.
Member Since Sep 12, 2017
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Mar 24, 2021 at 08:17
Member Since Dec 28, 2020
167 posts
UweMoench posted:
Scalping is good. But new traders should not do scalping. Scalping tends people to do over trade. Scalping is done in lower timeframe where there is too much noise in chats. It's a barrier to develop good trading psychology. Once you are expert with controlling your emotions in trading, you can do scalping also.
I believe scalping strategy is a great technique for beginners to apply. It involves opening a position, gaining some pips and then closing the position shortly afterwards. It's also one of the easiest to master.
Member Since Feb 16, 2019
26 posts
Mar 26, 2021 at 11:41
Member Since Feb 16, 2019
26 posts
UweMoench posted:
Scalping is good. But new traders should not do scalping. Scalping tends people to do over trade. Scalping is done in lower timeframe where there is too much noise in chats. It's a barrier to develop good trading psychology. Once you are expert with controlling your emotions in trading, you can do scalping also.
I think this is a good point
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