Robert647373 posted: Scalping is a profitable and at the same time unprofitable type of forex trading. It will take up all of your time, but under favorable conditions, you can earn every day.
I disagreed with this, I have been scalping for more than a decade and very good at it, if you want to be a good scalper, take manageable loss when needed and don't you ever bring Emotional to scalping or trading. I do almost daily more than 100 trades, I might loss few in it with very low reds and Big Greens in others. Winning always exceed losing trades in my scalping way.
Scalping is profitable oy if you know how to do it. But most people lose money by doing scalping. Be be honest all type of trading is risky if you don't know how to trade. Find out what works for you. If long term trading is working for go for it and vice versa.
Scalping trading strategy can bring a good income today, tomorrow, but in the future it can take away your money, when you relax and think that you already know everything about scalping trading, it's another matter long deals, they often bring a stable income.
You can earn money in scalping, but there are certain risks. The main thing from my point of view is to enter the market in the right place and accurately determine the exit point for yourself in advance. Don't be greedy, earn some money and get out.
Short term trading (scalping) requires a high level trading skills and is emotionally very demanding. If you are good at it, your results will be very consistent but keep in mind that it is emotionally very demanding.
For newbie scalping is not good. Scalping is done in lower time frame. And in the lower time frame there is too much noise. A new trader needs to learn how to control the mind. If they start scalping it's become difficult for them to develop a healthy trading psychology.