Scalping is a profitable strategy but it has risk also. Most traders do not get success just because of scalping. Scalping tends us to do more trading. As a result it creates undisciplined traders. After getting skilled you can do scalping.
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I think without knowledge, any kind of trading strategy will be very risky to use. However, scalper need to be use low time frame which make it risker than other.Scalping is a very profitable strategy for new traders. But to use it, you need proper knowledge and skills. Without knowledge, it will be very risky to use.
However, scalping should not be traded with emotion as it can lead to loss.I agree with Scalping Profitability but I also have to accept that scalping is very risky. Because if the strategy is not right, the chances of making profit are less.
Whatever strategy I use, must have a combination of emotions. Otherwise, profit is not possible. Whether it is long-term or scalping.However, scalping should not be traded with emotion as it can lead to loss.
That, of course, is very important in trading. If the trader cannot make a profit with a profitable strategy if he cannot control the emotion. And I always try to trade by controlling my emotions.Whatever strategy I use, must have a combination of emotions. Otherwise, profit is not possible. Whether it is long-term or scalping.
Exactly, it is the responsibility of every trader to control their emotions. If the trader trades emotionally, he will not be able to consistently succeed.That, of course, is very important in trading. If the trader cannot make a profit with a profitable strategy if he cannot control the emotion. And I always try to trade by controlling my emotions.
Yes you are right. Scalping requires good skills and experience. It is not for novice. It is not for them who is not good psychologically.Scalping is profitable only if you have enough knowledge and experience and can make your decisions quickly with the changing market conditions. If not, it is better to stay away from it and try trading higher timeframes.