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Quick question for the newbie Forex scalpers
- Thread starter Trankuility
- Start date
I found the largest difficult for me is to keep stable profit, and it's difficult to find the market movement, maybe I need more time to analyse.
The same for me. As I mentioned before, greed urge me to make hasty trades which eat all my profit and even drive to losses. Money management is the key.
Stress and Inconsistency. Scalping needs to be in a good mood at fixed times for limited periods of time to avoid burn outs. I scalp for fun every now and then, but it plays an insignificant role in my overall performance
yeah its a misconception when traders think scalping is simple when its really not, im not much of a scalper of my hotforex account but i do try to improve my scalping every now and then, for now im sticking to swings.
1. , scalping risk is usually bigger than its reward rewardHey guys, been a while since I've checked in here. But here I do be! hah.
Anyway, got a quick question for the newbie Forex scalpers here:
What is the #1 thing you struggle with when it comes to Forex scalping?
2. Its stressfull trade for me, even if i use low spread broker like Tickmill or ICMrkts
3.i prefer intraday, i can have wide stoploss, have enough room for price movement, and can set balance Risk reward ratio
I do agree scalping does take a lot of time and it does come with stress, but scalpers are still the largest earners in forex trading imo. thats why a lot of broker impose strict rules against them and usually unjust rules if you ask me,
Hey guys, been a while since I've checked in here. But here I do be! hah.
Anyway, got a quick question for the newbie Forex scalpers here:
What is the #1 thing you struggle with when it comes to Forex scalping?
First struggle is maintaining your account due to high-volume trading. Large fund + money management and multiple trades are scalper requirements. One more thing is the spread, lower spread is better. I only scalp in NonFarm or Rate Hike news release.