Scalping is good

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.

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.

First of all, you need to remember that there are no universal profitable strategies that suit every trader. You will love scalping if you consider its features:

I donot know why beginners try to do scalping when it is been and said that it is very risky and have a higher probability of wiping off your account.

Yes, scalping can develop you financially in a very short time if it is possible to trade with a plan and patience.

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.

That is something I would also like to see.

In my opinion, every trading strategy is good. Each strategy has its own weakness and strength.

I think beginners should avoid scalp trading in the starting because they have less or no experience of the trading market and they can face loss very easily.

Scalping is good but you have to do it by controlling the risk. If you trade risk control, you can get much better results from scalping.

BarronLucas posted:
Can a beginner trader profit from scalping? And is it safer than day trading?

Depends on how good you are at either, they'd both be considered strategies.
Some people thrive on scalping, others day trading - try them, find strategies and practice.

New to trading and you are thinking of scalping? I would suggest you to think twice before doing that, because scalping is very difficult to the point where even some experienced forex brokers do not recommend them. You can try scalping in demo trading and see if you are confident to try that out in real account.

it may vary depending on the individual. Scalping had been good for me since the beginning. Never had any such issues but yes it can be complex.

UweMoench posted:
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.

I believe scalping strategy is a great technique for beginners to apply. It involves opening a position, gaining some pips and then closing the position shortly afterwards. It's also one of the easiest to master.

UweMoench posted:
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.

I think this is a good point

How do people deal with scalping? Most brokers do not allow scalping so what can you do. Are there good brokers that do allow it?

scalping feels like guess work at the beginning. thats where newbies go wrong. sometimes forgetting the bigger picture and getting stuck in the m5 chart. 5 pips and out usually for me.

Can be risky but it can be very profitable if you stick to a set criteria and rules. I love scalping but it also suits my personality as i like some action lol

Scalping is good but I don't like scalping. Because my loss is more when scalping. The reason is emotion. It is impossible to gain profit from that trade if there is emotion.