yes we have to limit our loss per trade as much as it's possible maintaining target risk-reward ratio, although too much losses becomes disturbing as you start to doubt that you trading system does have an edge
Most major currency pairs are suitable for scalping, but EURUSD is most traders' choice of currency pair because of its volatility and tight spreads.
The EurUsd comes with good liquidity and low spread so we can make good earning out of it provided we know how to trade or scalp.
EURUSD is the most traded pair for scalping, however trading on this pair doesn't mean will always make a profit, high volatility without good patience waiting for best momentum may lead to failure.
In my experience, the best pairs for scalping are major pairs such as GBPUSD or EURUSD, the spreads are also tighter in EURUSD, which is an advantage for scalping traders.
Traders should consider major pairs for scalping because they are not complex. Pairs such as EUR/USD, GBP/USD and AUD/USD are good pairs to scalp.
True! Scalping is a double-edged sword. You can both win and lose a high amount of money in a short-period of time. You should have a strong trading psychology, discipline, and quick exit strategy to become a profitable scalper.
major pairs like EUR/USD probably best for scalping as you can make good use of economic events like NFP and you don't have to worry about liquidity