Scalping is good. But new traders should not do scalping. Scalping tends people to do over trade. Scalping is done in lower timeframe where there is too much noise in chats. It's a barrier to develop good trading psychology. Once you are expert with controlling your emotions in trading, you can do scalping also.
Yes, scalping is a good strategy and it is also profitable when done right. A lot of new traders tend to lose money because they don’t know how it actually works. Experienced traders tend to profit a lot from it.
Scalping is not easy, a person must be good at technical analysis as the time frame is low. New traders should avoid this trading style as it tends them to do over trade and they can lose hard earned money.
Scalping is a good trading style, but yes needs a lot of skills and learning. I agree that beginners shouldn't go in straight for scalping, should try on other easier trading styles first and then switch may be.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.