Scalping is Risky?

Discussion in 'Forex' started by Coner1980, Jul 22, 2020.

  1. kroxobor

    kroxobor

    If you don’t know what you are doing, not just scalping but every trading style is difficult. But when you know what you are doing, even scalping seems easy. It’s true that you can lose money quickly with scalping but we see the other side, you have equal chances of making profits. But don’t do it if you don’t have any idea about what it is and how you can use it to make profits. Try with simpler and long-term strategies before you sift to short term strategies like scalping.
     
    #251     Mar 20, 2022
    Handle123 likes this.
  2. Yes, exactly!
     
    #252     Mar 20, 2022
  3. buckram

    buckram

    When scalping, traders often forget to take into account the money they are spending on trading costs or on losing trades. Many think of it as a strategy which rewards for performing more trades so traders keep pulling the trigger and the end result is that they lose more than they’ve earned.
     
    #253     Mar 22, 2022
  4. Andras

    Andras

    Exactly, sometimes it is difficult to avoid the pitfalls. I will suggest that whoever decides to scalp should focus on one pair first and have good money management.
     
    #254     Mar 22, 2022
  5. Esha.J

    Esha.J

    Forex scalpers often use ECN Forex accounts as regular accounts can put them at a disadvantage. Leverage, spreads, fees and slippage are all risks that scalpers need to control, manage and consider as much as possible.
     
    #255     Mar 23, 2022
  6. Trading scalping needs to get support from the broker, ECN account and STP account can be used for scalping trading, usually, the account types always have fast transaction orders in millisecond.
     
    #256     Mar 23, 2022
  7. Scalping is an aggressive way of trading where traders make frequent and small trades to gain overall profits. Traders should have an in-depth knowledge about forex and be decisive.
     
    #257     Mar 25, 2022
  8. Scalping is risky but can be very profitable if a trader has sound technical analysis skills and is good at taking quick actions. The risk per trade is very less and if one knows how to pick right trades most of the time, it’s possible to earn lots of profits through scalping.
     
    #258     Mar 25, 2022
  9. Scalping is risky cause it requires a lot of experience and proper analysis to identify a good entry point to start. You also need to have a strict trading discipline as one greedy move can cost your entire profit very quickly so you have to always stick to your set TP/SL.
     
    #259     Mar 28, 2022
    Relentless likes this.
  10. Scalping requires quick decisions, along with a robust exit strategy, because you have to enter and exit traders in a short timeframe, which makes it risky to trade.
     
    #260     Mar 28, 2022