selena1
Verified member
Trading through scalping has rules that the trader must be careful and have a plan and stay away from greed. You should learn and let profits come based on your entry into Forex as soon as possible. Simply put, if you build your mentality on opening deals without good study and their goal is profit, you will not be able to continue the profitable process. You can open deals without any analysis and find yourself profiting, but can you do that every time? Surely, you will lose and exit the market. So, how can you make a profit quickly and simply? You should have a strategic plan and a trading system through which you can achieve a certain percentage of profit while applying strict capital management. However, if you look at quick profits, you are on the path of risk and trading contracts that will end up losing your capital and exiting the market.
Scalping is one of my favorite trading styles because it helps traders avoid getting involved in trades that last longer than a day. All trades using this style are opened and closed within the same day, and each trade has a predetermined target and stop loss. This method is more effective in cases where the market moves sideways or is unstable. Some call this the "grab and go" method because it helps achieve the desired profit ratio without getting stuck in long-term trades. These are some of the many advantages that make scalping stand out from other trading styles. However, no trading system is perfect, and the biggest disadvantage of short-term trading is the need to increase the lot size in some cases. For example, if only a few points are captured, such as three, five, or even ten points, this could lead to a complete account wipeout if a reversal occurs, especially if the market movement is violent. Therefore, stop loss should always be used, and strict adherence to capital management is essential. Greed should be avoided as much as possible when trading in general and when relying on scalping in particular. In the end, I wish you all traders success and abundant profits.
Scalping is one of my favorite trading styles because it helps traders avoid getting involved in trades that last longer than a day. All trades using this style are opened and closed within the same day, and each trade has a predetermined target and stop loss. This method is more effective in cases where the market moves sideways or is unstable. Some call this the "grab and go" method because it helps achieve the desired profit ratio without getting stuck in long-term trades. These are some of the many advantages that make scalping stand out from other trading styles. However, no trading system is perfect, and the biggest disadvantage of short-term trading is the need to increase the lot size in some cases. For example, if only a few points are captured, such as three, five, or even ten points, this could lead to a complete account wipeout if a reversal occurs, especially if the market movement is violent. Therefore, stop loss should always be used, and strict adherence to capital management is essential. Greed should be avoided as much as possible when trading in general and when relying on scalping in particular. In the end, I wish you all traders success and abundant profits.
