Scalping is risky ?

scalping without knowledge can be risky for you. So first learn about long term trading, then you should go for short term scalping.

 

When talking about trading, four words that are better not used: never, always, should & will.

 

1- Which pairs you find are the best for scalping?
2- Do you trade multiple pairs at the same time or do you exclusive work with one pair?
2- How do you wrap your mind around pairs that are not your local currency when trading? (serious questions)

 

Which pair do you do that is less than 1 minute and how what is the minimum amount you play with?

 

1- From patterns you see, what kind of days allow you to trade many times and what kind of days are only 1 or 2 trades?

2- What is your average win rate? Can you please give dollar amount and percentage example of frequently happening trade you win? (I am assuming you pretty much don't loose).

 

Hi Salamanderforex,
I only scalp the front month future contract of the Nasdaq.
I also always look at the EUR and GBP for an intraday trade when the momentum is very strong.
I think the best instrument for trading in general, is the one that you know the best. I like the Nasdaq future because of its "nervousness", its "intraday multi trends" and the way it moves from VWAP to pivots points.

 

1. I don't trade on Fed days and I am usually very bad on Fridays.
When I reach my maximum daily loss, I just stop trading. When the NQ is too fast and I see that on the DOM, I don't trade.

2. My average win rate is > 62%. So, yes I loose, like (almost) everybody. I tend to close losing trades to quickly.

 

Scalping is neither more or less risky than other trading styles. It is an orange and not another apple.

 

Why do you think it is risky? The only change from swing trade I see is difference in frequency of trades

 

Read post#28 again.