Scalping trading strategy??
Hi Folks,
I want to trade with Xcalper. They use Scalping strategy in trading. I just want to know, what is the advantage/disadvantage of Scalping in forex trade. and please share your experiences of Xcalper.
Thanks.
scalping gives quick profit i n little time. It is good for traders who are expert to make analysis of market.Because if our analysis is not good we can loose money very quickly . In scalping we open positions for a short time as low than 1 min try to get some pips of profit and close positions.
The main advantage of using scalping trading style is, traders can use short stop loss trading position here! As a result, a number of Forex traders are using only scalping trading style in their trading! I am a pro trader, but till now scalping is my most favorite trading style! On the other hand, I use most scalping friendly platform TradingBanks, so I get enough money in my trading!
Scalping strategy is definitely risky because of obvious reasons, but if we trade with proper plans and use good strategy then we will give our self greater chance as far achieving profit is concern. Luckily, I am with OctaFX broker since they have marvelous set of conditions and features which include low spreads from 0.2 pips for all major pairs while there is also rebate scheme which gives me 50% back on all trading orders which include the losing trade too, so all very cool for scalping.
I am a scalper in Fx trading. And as a scalper, I am using Trade12 broker which is regulated and does not restrict any kinds of restrict any kinds of trading techniques with scalping and hedging. From here, I can scalp at any major currency pair without any restrictions including lowest trading spreads.
While trading in Forex market it is very important that we the trader focus on our trading. Because earning is everyone’s dream but without good trading qualities a Forex trader can never be able of earning profit in this field. As a professional trader I am working with Forex4you broker and they have good trading guideline and very expert by their trading services. So, I can always focus on my trading.
When it comes to Forex trading, across all types of trading, scalping is typically considered the most profitable and efficient trading method for traders in retail who make money for within a short time. In order to utilize this method of trading correctly, traders who are particular people who scalp need to select brokers that allow scalping without restrictions, including the smallest spreads on trading. The broker I chose is Eurotrader since it is low spreads as well as instant execution of trades.
You can use any strategy to make a profit. But the place of faith must be kept right. If you do not have faith in your strategy, it will be very difficult to make a profit. Everyone can make a profit but not everyone can make a consistent profit.
Scalping is very popular trading style! But, every mistake leaves a lesson. Forex traders are reluctant to earning knowledge from that mistake rather they love take revenge by overtrading. But this is the wrong approach that they follow because it carries misfortune for them most of the time. And they feel but can’t come out of this.
According to my knowledge, different Forex traders have different trading choices, among them some are for scalping and some are from long term trading. However, effective strategies are rare in sight. To the part timers, scalping is the best alternative because it gives them quick return.
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