New traders love scalping

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?

For any HFT strategy or scalping you need really good STP account, with raw spreads and smallest possible commission. We know how to find such accounts and negotiate with brokers. That's why our scalping strategies bring stable profits.

sometimes scalping causes huge trouble but overall its really good and comfortable for the traders who above have low amounts.

Yes, that’s right and they also think it is easy for making money. But I’ve read it on most platforms that it is only for experts.

That is right. But it is also risky for them to scalp to begin with. The profits are quick but it takes some time to get better at scalping.

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

Yes, its actually wise to start with a low capital first since beginners dont have much experience, so slow and steady is the key. As you gain experience, you can increase your capital.

New traders prefer scalping because it is one of the quickest methods to make profits, and new traders do it by just predicting and not using any actual forex knowledge, which is why they end up blowing their accounts and stop trading.

Yes, the profits from scalping can be quick but it is equally risky to use this strategy, especially for beginners.

Yes, the profits are rather quick to make but scalping is also a difficult strategy to work on especially for beginners. They should be careful with trading on high volumes at first.

New traders love scalping because scalping is one of the quickest methods to earn profit within minutes, but it also comes with certain risks involved; if not careful, newbies can end up blowing their accounts.

lucasser posted:
New traders prefer scalping because it is one of the quickest methods to make profits, and new traders do it by just predicting and not using any actual forex knowledge, which is why they end up blowing their accounts and stop trading.

Yes. But scalping is a risky method. Without knowledge, it can be dangerous.

I agree. For newbies it is easy to trade with scalping. Because it is easy. But at the same time it is easy to lost your capital from these little lossess to big one.
That is why I do not prefer scalping.

Rococo_XVII posted:
I agree. For newbies it is easy to trade with scalping. Because it is easy. But at the same time it is easy to lost your capital from these little lossess to big one.
That is why I do not prefer scalping.

Yes. You are right.