I tried scalping once but I ended up chasing my losses. Not a good way to trade as a noob. To much emotion involved
JamDay posted:
I tried scalping once but I ended up chasing my losses. Not a good way to trade as a noob. To much emotion involved
That means; you need to work with your emotion first; I guess you tried in demo, isn’t?
JamDay posted:
I tried scalping once but I ended up chasing my losses. Not a good way to trade as a noob. To much emotion involved
emotions and Forex not compatible. if you feel big stress during opened positions - better do not trade forex at all
Scalping only good if you have strategy that always afret entry show you SL/TP = 70% / 30% at less in case SL = TP in PIPS
Its called Quality of Signal
apple1st posted:JamDay posted:
I tried scalping once but I ended up chasing my losses. Not a good way to trade as a noob. To much emotion involved
emotions and Forex not compatible. if you feel big stress during opened positions - better do not trade forex at all
Scalping only good if you have strategy that always afret entry show you SL/TP = 70% / 30% at less in case SL = TP in PIPS
Its called Quality of Signal
I agree! Forex is all about mental game; so having a healthy mental condition is very crucial.
each strategy has its advantages and disadvantages, its risks and its profitability objectives. Each trader must choose the strategy or strategies that best suit their needs, depending on multiple factors.
Jun 25 2019 at 08:00
sambrown posted:
each strategy has its advantages and disadvantages, its risks and its profitability objectives. Each trader must choose the strategy or strategies that best suit their needs, depending on multiple factors.
Correct and for me; Price Action is the best choice because; it works on all kind of trading pairs including crypto.
Scalping is like any other trading and risky too just like any other so without proper knowledge it is difficult. For scalping,,one needs good calculation of risk ,Stop loss as market prices and spreads fluctuates within seconds. Scalping can go wrong because it doesn’t typically use Risk-Reward ratio. Scalping seems fun when you’re winning but as soon as you start losing its not fun anymore. Most of the traders will eat up most of their capital before they call the experiment a failure. Overall,it is not a viable trading method.
Patrick1981 posted:
yeah but you need a massive stop loss with long term trading
It is a general saying that “you can try to scalp the forex market but eventually it well scalp you” Scalping is fun as long you are winning, but once you start losing its not fun anymore. So the amount of losses that one can suffer from scalping can be really frightening.
Scalping is not recommended for beginners. Most novices do not have the required account size to benefit from scalping.
Jul 22 2019 at 10:25
no more risky than any other
Jul 23 2019 at 13:40
jamesgwyther posted:
no more risky than any other
Even trading Forex is risky as well! So, which trading style you are using? Long term only?
