can anyone please explain to me what does scalping mean ?
tanks
can anyone please explain to me what does scalping mean ?
tanks
Scalping is when you only have a trade open for a few seconds to a few minutes, making only a few pips per trade.
The idea is to only make a pip or two, but to do it a large number of times. Some scalpers take dozens or even hundreds of trades per day.
If you’re a new trader I don’t recommend you start scalping. It’s one of the hardest trading styles to master.
By scalping, your moreless working for your broker and not for yourself… your broker will probably end up making all the money, never mind the fact that you probably wont have an account for very long… but, don’t believe me… do your own research … find a professional forex trader that does this for a living (proof and evidence, you will find tons of liers trying to boost their own ego) and show me one thats a scalper vs those who hold trades for a couple hours to a few days…
I dont want to tell you not to scalp, give it a shot, but notice and watch what happeneds. The best advice I could give any beginner is to first master support and resistance on charts 15M or higher …
Plus, scalping is to much freaken work… lol … I dont know about you, but I started off trading to FREE up my time, not sit in front of a machine every day.
although i agree that scalping is not for newbies as it is a very difficult and discretionary trading style, i would however have to point out that there are many who scalp successfully including myself, i dont believe it should be your sole trading tool but used in conjunction with swing trading and good price action analysis it can be extremely profitable
lee
I’m only a novice demo trader and I’ve been doing a little scalping and that’s before I knew there was actually a name for executing trades rather quickly for small margins.
hahahaha you guys, u know what funny with all the advice you have supplied me with i just realised that i have been scalping for the last couple of days, i didnt evan know. but so far its going kinda wicked i know it only a demo account but im making alot of profit but i duno if its just luck, but ill jus have to see how it goes lol,
but yes i jus wanna say thank you for your advice its giong to turn me into a better trader.