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Tips on Success For Forex Scalpers
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[QUOTE="moonchild, post: 346036, member: 57467"] As a scalper you are in out of market all the time, you don't hold on to your trade for long, and if all things goes as planned, you take your profit and wait for another opportunity, also when a trade goes into loss you get out immediately and wait for another opportunity, what are some tips you can apply to your trading to become more successful. 1) Control Your Lotsize: if you want to be a successful scalper, it is important to control the amount you're risking per trade and pay attention to it, do not use a big Lotsize on a small account because when you lose, you'll end up losing all of your capital. 2) Take Losses Quickly: Do not wait, if a trade is not going in your favor cut it out and wait for another opportunity, holding onto losses can make you blow your account. [/QUOTE]
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