Forex scalping - a sure way to profit in Forex

Scalping is definitely good, and gets you more returns than other trading styles,

but one shouldn't just rely on one trading style for making profits.

One has to find their own individualistic style to make profits, rather than copy others.

So scalping is good only if you've enough practice or experience to predict the market movements.

Isolanki,

dude what about the newbies? how can few scalping tricks make them benefit in a short time. Also, the robots need a specific amount of expertise and one cannot put SL /TP like that.


I agree, scalping does get huge profits, but one does need commitment as one needs to monitor the markets on a continuous basis.

And experience to assume & predict whats gonna happen based on fundamental & technical analysis is required.

I think i agree with sweety, one should develop their own trading style which gets them profits rather than following others trading style blindly.

scalping is very profitable to brokers than trader but this is my view only

As fxgood stated it well.

Also, with proper discipline & controlling one's psychology one can make profits with any trading style, not just a specific one.

Copying is good only on demo (initial stages) but later on Live demos one should have their own strategy :thumb:

here is another profitable topic, many thanks for sharing, it was really refreshing and makes me want to go back to scalping again cheers

Scalping isnt that bad. Really, you have to find a trading technique, where your winnings - comissions, fees... is still good enough to live with.

For example im working on a trading system where i have 90% winning trades.

Since January i have a return of 20% but i have to admit, i still intervern in my trades especially when there are breaking news coming up during the time my trades are still open.

Right broker + right trading system = perfect forex business...just my opinion

greetings
D.

Hi FDXRhyme,

breaking news movement is definatly a risky business in Forex market but if you system is capable of giving 90% success rate thats more than enough, scalping with tight stop loss may be one way to protect your capital in that case.

I assume you are the same person who asked for forex broker for one of his friend from Kerala? If so you can ask your friend to go with ACFX although spread is little high but genuine in depositing and withdrawing funds, you can also find couple of brokers discussed in this forum.

@pundit,

thanks a lot! That's what i expected from this forum.

Actually, i have to admit, that i trade befor or after breaking news, but close my trades if i misscalculated an economic data and see an increasing volatility.
That's what i actually wanted to say in my post.
I have also to add, that i have a tighter take profit level, which makes it more accur but also a smaller but constant reward...

Consistency is (my opinion) the key to survive.

Have a great day.
D