Scalping and trading strategy

Idowu posted:
Scalping is also a good way to lose money at a faster rate. especially if you are a newbie

That’s true. However, scalping is most popular among new trader. They think that it is easy to adopt and give higher return than other trading strategy.

Scalping is the favorite strategy of new traders. Most new traders use it to make money quickly from this market. But without proper knowledge, it can be the cause of huge losses.

Andreerusell posted:
Scalping is good because of the consistency it offers in terms of profits. Although small, but the profits keep trickling in, even on days that see very little movement. Also the risk involved is comparatively less.

That's true. Especially new trader finds it most interesting. Risk, money, profit, loss everything involve in this strategy is small.

For new traders doing scalping is not a good idea. Successful trading requires a trader to be discipline. But scalping doesn't allow a new trader to be discipline. It makes them restless.

I also think that scalping should be used if you are an experienced trader.

DoraWalletInvest posted:
I also think that scalping should be used if you are an experienced trader.

I know examples when people without trading exp use pamm accounts or ea. some of them get profit =)

TraPole posted:

DoraWalletInvest posted:
I also think that scalping should be used if you are an experienced trader.

I know examples when people without trading exp use pamm accounts or ea. some of them get profit =)

Yes, you're right about that. I'm just quite wary about investing like that :)

Most new traders find scalping as a better option to trade forex. I also started as a scalper and moved to day trading with time.

Gareylinn509 posted:
Most new traders find scalping as a better option to trade forex. I also started as a scalper and moved to day trading with time.

To do scalping, a trader should have proper knowledge about it.

the success of scalping depends on your money management.

With such a strategy of work, you need to be as careful as possible. I advise you to sensibly evaluate everything and understand what it can lead to.

Money management plays a crucial role in scalping. If you have a good money management strategy and use it properly, you're almost certain to trade profitably.

Scalpers have to be quickbon their feet .
I drop down to lower tf for entries but i already have my htf bias .
Scalping can be stressful

Scalping isn't for the faint of heart. Scalping requires many skills and years of experience. A newbie who attempts to scalp ends up overtrading. This is the story of every trader.

I like to be in and out of trades as quickly as possible but it can stressful when you get stuck in DD

Scalping actually possible to become the best trading strategy if the trader is able to work in a small wave timeframe, because on small timeframe the price often up and down often if compared with long timeframe if trader able to catch-all opportunity hence scalping will become a profitable trading strategy, but usually scalping can lead emotion if trader cant control emotion because one loss can be followed with next loss when the market not easy to understand.

Scalping is really very risky and have good ROI too. I prefer to lock 5 to 10 pips movement on each trade. And to achieve this one must be observant and stoical as scalper is under immense pressure from extreme volatility in the short term market.