• The Forex, Binary Options Forum - welcomes you to our Community!

    DigitalCashPalace Forum is dedicated to discussions about Forex, Binary Options, commodities, stocks related.

    Please take a look around, and feel free to .

Scalping

When you do scalping you need to plan how to manage the risk. The lot size is usually extra in scalping so it is very risky. And to reduce this risk you need to use 1: 2 risk. And the same lot size needs to be used in every trade.
 
For short term traders and scalpers spreads is very important. As a day trader, I like floating spreads. That's why I always prefer zero spreads account with commission.
 
Scalping is a very good method to make money in a very short time span. However it’s easier said than done. It takes sharp technical skills to be able to scalp profitably.
 
Newbie should avoid scalping as it can ruin their trading psychology. Most traders develop overtrading habit by doing scalping in their early trading life. Then they struggle to change that habit.
 
Top