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    Thread: moneygrows's trading journal

    1. #1531
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      @crown: well, scalping is one of the many possible trading systems one could use to tackle the currencies market. it is a system where the trader targets just a few pips profit. yes,any trader can learn to scalp, but one must master it before going live


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    3. #1532
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      scalping is hard to do for newbies as price changes very fast. scalpers majorly make use of the small timeframes which do not give accurate indications. it will be hard for newbies to base their trading on such fluctuations in price as shown by the tf.


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    5. #1533
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      well there is nothing bad in a newbie showing interest in the scalping system of trading. the newbie only needed to be guided by more experienced traders who scalp. besides, i believe self practice will be very important. this should be done in the demo


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    7. #1534
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      Quote Originally Posted by flexilot8 View Post
      well there is nothing bad in a newbie showing interest in the scalping system of trading. the newbie only needed to be guided by more experienced traders who scalp. besides, i believe self practice will be very important. this should be done in the demo
      every trader needs to choose their own trading system and style that they like the most and the feel comfortable with, it doesn't matter whether they choose to be a scalper or even a swing trader, as long as they are able to generate positive and profitable trade from their style.


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    9. #1535
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      Quote Originally Posted by forexguy9 View Post
      @crown: well, scalping is one of the many possible trading systems one could use to tackle the currencies market. it is a system where the trader targets just a few pips profit. yes,any trader can learn to scalp, but one must master it before going live
      yups, I've also done this trade. trading with scalping is one way to get profit quickly, but if loss also quickly. finally I'm not comfortable with scalping, because it makes my chest beat quickly when I do trading. I prefer to trade casually so I can be comfortable when I leave open trading and I do other activities. but not forbidden also if you want to use scalping tea to get profit


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    11. #1536
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      Quote Originally Posted by koplak_com View Post
      yups, I've also done this trade. trading with scalping is one way to get profit quickly, but if loss also quickly. finally I'm not comfortable with scalping, because it makes my chest beat quickly when I do trading. I prefer to trade casually so I can be comfortable when I leave open trading and I do other activities. but not forbidden also if you want to use scalping tea to get profit
      Scalping is one of the risky trading but i will tell you one thing what happens when traders try to scalp they take the trade in the market for the short time but due to opposite movement of the market they do not close it and wait to be in the profit due to which they got margin call mostly. So You can keep it for the short time whatever you get profit or loss.


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    13. #1537
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      Quote Originally Posted by nikhil_rrane View Post
      Scalping is one of the risky trading but i will tell you one thing what happens when traders try to scalp they take the trade in the market for the short time but due to opposite movement of the market they do not close it and wait to be in the profit due to which they got margin call mostly. So You can keep it for the short time whatever you get profit or loss.
      For scalping a trade need in depth knowledge of market and all the technical skills so when trader have both he can make quick money from this market. Scaling is hard to do thing specially in the start of the trading career, this is the reason that most of traders fail in the early stages of their career because they choose to scalp in very start. I think if trade consider scalping after one year of his trading then he can better scalp.

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    15. #1538
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      @ nikhil_rrane not all scalpers are like that, maybe I will say it's the baby scalpers or newbie that does that, a good or professional scalpers must have calculated his risk before entry the market in case of when things go south, a scalpers without a plan can never be a profitable scalpers and believe there are professional forex scalpers. I think the difference between them and the failures is the knowledge


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    17. #1539
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      Quote Originally Posted by sonibark View Post
      @ nikhil_rrane not all scalpers are like that, maybe I will say it's the baby scalpers or newbie that does that, a good or professional scalpers must have calculated his risk before entry the market in case of when things go south, a scalpers without a plan can never be a profitable scalpers and believe there are professional forex scalpers. I think the difference between them and the failures is the knowledge
      scalping requires a great skill and also experience, that is because scalping usually use a smaller time frame to trade with so we need to be able to know when to follow the major trend and when we are against the trend that will requires more attention just to make the risk we take less and we can make our trade safer


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    20. #1540
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      Quote Originally Posted by sonibark View Post
      @ nikhil_rrane not all scalpers are like that, maybe I will say it's the baby scalpers or newbie that does that, a good or professional scalpers must have calculated his risk before entry the market in case of when things go south, a scalpers without a plan can never be a profitable scalpers and believe there are professional forex scalpers. I think the difference between them and the failures is the knowledge
      yes its true there are full time traders who specialize in scalping. Most of their income comes from scalping especially during news release. For them to be profitable they will need to trade with brokers that offer low spread as they must exit quick without need to worry about the spread.


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