New traders love scalping

Make sure to backtest first before scalping

Scalping is a pro technique. A newbie shouldn't risk its capital in scalping initially. A newbie is not aware of the market conditions neither he has any idea of the spreads so starting with scalping is definitely gona eat your capital. I suggest higher time frames and fundamental analysis for newbies.

That is true, I was a day trader when I started off some years back with cmc markets. Thrice had to reinvest from a scratch because I brought my trading balance to 0. I became a scalper later and I don’t think my trading journey (in terms of profits earned) would have been any different if I would have started off with scalping. It’s time that eventually teaches the way the market behaves.

muhairil92 posted:
Make sure to backtest first before scalping

Right. Also avoid volatile market during important news release or events.

Forex scalping strategy is not tied to an obligatory trend in the foreign exchange market

It is never possible to be a successful trader by trading without gaining experience. Whether you do scalping or long time trading, you must gain trading experience.

Yes, scalping is great for short term profits but it is also a risky strategy. Most expert traders only make use of it.

Scalping is good but after hundred of trades, it can go wrong due to the law of large numbers.
And new traders often hold losing positions too long or too large.
They are willing to take 2-3 pips, but not willing to cut losses more than 10 pips and holds them till margin call.

I think scalping is good to earn small profits.

Beginners prefer scalping because it is one of the shortest ways to earn profit in trading and some beginners enter into trading for some quick cash where other beginners use scalping for a live trading experience.

UweMoench posted:
New traders love scalping as it gives quick profit. And this makes them addicted to trading. But I think starting with scalping is a bad idea. Everyone should start with higher timeframe. After some experience scalping can be done.

It`s even the worst idea. It can look simple but it`s absolutely not. The scalping must be the last think to do for newbies.

ya and i believe thats good.. you book small profit or even if losses those small losses can be recovered. so it can be a good strategy

momo3HC posted:

UweMoench posted:
New traders love scalping as it gives quick profit. And this makes them addicted to trading. But I think starting with scalping is a bad idea. Everyone should start with higher timeframe. After some experience scalping can be done.

It`s even the worst idea. It can look simple but it`s absolutely not. The scalping must be the last think to do for newbies.

Finally a sound answer. ... its exactly true... scalping and newbies is a perfect example of trading disaster.

Yes I agree I do see a lot of people scalping

With scalping should be enough spa, you first need to learn its nuances to start trading.

Bradley88 posted:
I prefer scalping because it's profitable for all kind of traders and requires only a well-executed strategy. Currently, I'm looking for a suitable broker that offers spread averaging at 0.0pips and faster execution.

Be careful with brokers that offer zero pip spreads. They are in business to make money. If they cannot make it in the spread then you can guarantee they are making it somewhere else. Unfortunately, the way they usually do this is by taking the other side of your trades. They know that statistically 80% to 90% of new traders lose most or all their trading capital within the first 90 days.
If you could run a business where you knew that you could take most or all of someones capital within 3 months simply by winning when they are losing (that's what happens when you lose on a trade and the broker is on the other side of that trade), would that not be a no-brainer? The fact that it is unethical and unfair does not even register with most of these brokers.
Therefore, I would recommend that you stay away from brokers that offer zero pip spreads due to the conflict of interest this situation entails. They will try to hide the fact that they so this by various means (setting up an intermediary company, for example) or simply mislead you with a claim of offering STP (Straight Through Processing) without clarifying that they also have a 'Dealing Desk' (which they use to 'facilitate liquidity' - broker speak for winning when you lose).
There's a lot of sharks out there, be careful that you don't get eaten.
Happy Trading!

LeonRocky3 posted:
Yes I agree I do see a lot of people scalping

New traders often prefer to trade with this kind of strategy. But I don’t think it is suitable for them.

scalping iis a trading approach that brings profit in a short time , generally we the beginners always try to depend on scalping. but sometimes it causes a GREAT risk.

Is it safe for beginners to enter into trading with lower capital investments?