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New traders love scalping

Mikehussey
Dec 23 2020 at 09:58
58 ieraksti
No doubt low spreads are important for scalping. But even more critical is the ability to take trading decisions on your toes.

reggae
Dec 23 2020 at 11:24
70 ieraksti
LyudmilLukanov posted:
Jude_craig posted:
But is scalping profitable for beginners?

Scalping is profitable for all kind of trader if you know the strategy well. However, i recommend new trader not to adopt this kind of strategy first.

Agree. Scalping is very risky for the beginner so I am surprised that there are many newbie traders saying that they like to do scalping.

Pointingmark
Dec 23 2020 at 12:45
28 ieraksti
It’s not that other trading techniques are more profitable, you will lose money either way.

Bradley88
Dec 23 2020 at 15:11
39 ieraksti
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.

muhairil92
Dec 23 2020 at 19:33
4 ieraksti
Make sure to backtest first before scalping

Elena Triston (ele020)
Dec 24 2020 at 04:57
219 ieraksti
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.

The more your practice, the more you learn.
blandpatsyy
Dec 24 2020 at 12:07
42 ieraksti
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.

Davidtaylorr
Dec 26 2020 at 05:06
31 ieraksti
Anyone who is a quick thinker can be good at scalping, sooner or later.

LyudmilLukanov
Dec 26 2020 at 11:20
793 ieraksti
muhairil92 posted:
Make sure to backtest first before scalping

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

Bunaya
Dec 26 2020 at 12:41
54 ieraksti
Forex scalping strategy is not tied to an obligatory trend in the foreign exchange market

LeviSievwright5
Dec 27 2020 at 02:22
298 ieraksti
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.

nincompoop
Jan 19 2021 at 08:58
21 ieraksti
Yes, scalping is great for short term profits but it is also a risky strategy. Most expert traders only make use of it.

Norman (azmanpay124)
Jan 19 2021 at 12:28
20 ieraksti
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.

Gracewilson1995
Jan 19 2021 at 12:39
147 ieraksti
I think scalping is good to earn small profits.

AurelieFrancis
Jan 19 2021 at 13:47
42 ieraksti
Beginners prefer scalping because they can trade with a short term period and use their strategy to win trades even though the profit is low; it is a better way to gain experience in live trades.

Alberncon
Jan 24 2021 at 16:18
44 ieraksti
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.

momo3HC
Jan 26 2021 at 20:49
267 ieraksti
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.

forextrader777
Jan 27 2021 at 03:53
128 ieraksti
It’s true that new traders want to earn quick profits and hence, prefer scalping. But scalping is quite risky especially for new traders who are not well aware of how the market moves. Newbies should prefer day trading instead.


lovefortrading (perryjohn765)
Jan 27 2021 at 04:15
238 ieraksti
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

Elena Triston (ele020)
Jan 27 2021 at 06:54
219 ieraksti
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.

The more your practice, the more you learn.
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