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Just like other strategies, scalping has benefits and disadvantages. For example, in the long-term trading, we have a lot of time, we do not have it in Scalping: Scalping when used, are required to work throughout the trading session at the end of trading and you will feel tired, but from another perspective, Scalper can produce far more than medium-term trader or long term. so, it's all up to you guys :)
Scalping is a very serious trading method, it gives more pips on trading but the risk is enormous, if you gain 20 pips, a swift pull back can eat up 40 pips from your account. but in all the skill required is much more difficult for the new trader. i like scalping for only few pips a day, say 20 pips only and not more than that.
mera pass is cheez ka koi idea nhi hai i just know only that for scalping we use m5 aur m15 chart kion kay is may koi bhi indicator jo hai app woh use karah sakta hain is liya mujh yah sayi lagti hai
I know scalping is bohut excellent style in forex.but mara pas jiyadha information nahi ha islia.because i am a new trader.but i want to know this next i also share my knowledge.
scalping with a high leverage is very dangerous and scalping means more trades per day means you must pay more spreads you have to cover al that spread pips by your profit .some times you feel when scalping i can gain profit every movements of the price by selling and buying .remember one thing use stop for every trade,why i am saying that ? pay your attention on forex news releasing times .at this very important time all the best traders locking at news and ready to enter to the market with huge volumes .that means within minute or even in few seconds price can move more than 100pips ,if it goes your direction its ok ,if not you loss big money
indeed sir, I agree with you that scalping is a risky strategy, especially for the novice trader who has no experience in running high in the trading business. I therefore suggest to the novice trader to not use this strategy in the trading businessQuote:
Originally Posted by holy
Always target 2 to 3 pips and try to make more and more trades and alwasy exit on 10 pips loss and remember that do not scalpQuote:
Originally Posted by ashwin.forex
in the opposit direction of trend.
MCAD is best for scalping.
I think if you target low pips like 3-5 pips and use high lot then you can easily make profit from your scalping. But remember scalping is very risky if you get wrong direction then you can loss lot of money in this market.
Scalping is a trading type that is employed by short term traders they usually use shorter time frames from 5 minutes to 30 minutes time frame and close on small targets from 5 to 10 pips. This strategy is good if you have enough experience and skill from demo trading to avoid gambling and loss.