Scalping is fine if you are okay with sitting all day long before your computer and looking at charts. However, I don't like this kind of life and prefer to trade long term in order to spend more time on myself and my family. I do analyse the market and make trading plans but I can spend time more interestingly.
I feel it's recommendable to the ones who have experience in trading. Scalping requires a lot of planning and concentration. A trader should have gone through several trades to make scalping work for him, which is not possible for a newbie.
Scalping is good, but not all traders like scalping and are suitable with scalping, this is short term trading, need high concentration to the market because missing one opportunity will losing good chances to make a profit, but now there is so many scalping robots used for automatic trading, the trader only needs to manual monitoring and do something when needed.
Scalping can never be the ultimate strategy, and I don't see anything special about this strategy. It has been my experience that these kinds of promising strategies will ultimately cause you to lose your investment after causing you a lot of frustration. In this strategy, you will use at least two indicators together, the signal will not be fast, and the forex traders will have to wait on the chart for so long before getting a signal at all.
I do believe that scalping can be used successfully during low volatility period. I scalp the market and other people can do same with the right strategy. However, it is easier when your scalping strategy is automated.
BukaPIP posted: I do believe that scalping can be used successfully during low volatility period. I scalp the market and other people can do same with the right strategy. However, it is easier when your scalping strategy is automated.
Scalping is good for those who have enough knowledge about it.
Scalping is a merciless environment for traders with a lack of technical quality. If you don’t know how to cut losers short, you lose. If you pull the trigger too late, you lose. If you pull it too early, you lose their too. So, it's not for everyone out there.
For sure scalping can be hard but once again you need to choose a style that suits your personality. I personally like it because i dont mind losses and small profits others this doesnt sit well with them but i dont like swing trading as the movement uneases me over weeks and months. So key to align your strategy with your mentality
Scalping is the best solution for new trader I guess. Of course, it might seem a bit difficult for new traders, but if we look at various types of trading we can notice that all types of trading has particular level of difficulty. Scalping is one of the most difficult, because you have to analyze within short period of time and open seevral deals within short period of time, which sometimes might lead to losses, because of lack of experience. I respect those traders who just joined trading activity and decided to try scalping. For me, it was very difficult to understand all the peculiarities of scalping but I managed and i wsh all trader the same.
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