Personally, I'm not that favor in scalping strategy trading. Scalping method needs a lot of price action sensitive from a trader. So, I would suggest you to scalp in a demo account first.
Happy Trading. Happy Feelings.=)
Scalping systems are often used by traders to provide benefits and reduce the risk of floating too much. Simply take a profit a few points only. That way, we can get a lot of lots in a single trading day and still make a profit even if only slightly.
you are right but we have to change the basic concept of the trait before scalping system, you must undergo a transaction such as repetitive and potentially against trand if in my opinion and if it is against trand then we will lose our funding. before entering the scalping then you must be careful
Scalping is mostly used by newbie because newbie traders want to get quick profits in forex and scalping method
will give quick result no matter it was profits or losses. The advantages, we don't need to wait too long to know
the result of our decision and our target in each transaction is few pips only.
yes it is true, this technique can get quick profits, but by scalping we will mostly be consumed by the spread. I also apply this technique only when the market is sideways only.
Indeed if we had the capability of analysis in the short term and has a high concentration of and already knowing and mastering this technique, scalping can generate profit for us in a short time, but if we don't know the characteristics of this technique, it just takes us to experience loss in the short term