Is scalping trading good for beginners?

[forthebest]

yes & no, depends on what your strategy & money management you use.

 

[Siphonic]

Many beginners start out as scalpers for making quick profits in the forex market. But it is not that easy to become a profitable scalper. I would suggest you try out any strategy on your demo account first and then decide if it will be the best one for you.

 

[BinarySumo]

If you are quick in making decisions and have control over emotions, then scalping can be profitable for you. .

 

[John is Doe]

Scalping is hardest form of trading I think. For beginners, your first priority should be learning. Cuz if you have finished learning then money will follow on it's own.

 

[antwanmcdonough]

You cannot be sure about a trading strategy just by reading about it. You will have to use it on a demo account and then on a live account to be sure about it. Beginners; don’t just read about strategies but also use them to find out how you wish to proceed further with the help of a certain trading strategy.

 

[InnerMarshal]

Scalping is a quick-paced game and only those who make profits through scalping are knowledgeable enough and are highly skilled in trading. For others, there is no chance until they make a conscious effort to get skilled and knowledgeable about the market.

 

[Mucivorous]

Scalping being high frequency trading can trigger emotions and hinder the trading decisions. It is important that the traders has a good trading psychology.

 

[trade3925]

Scalping is tougher for beginner traders because there is a higher noise to meaningful price action ratio than on higher time frames. This means that you will take profits quickly as whatever move you entered is likely to not last long. Also when scalping, your strategy will most likely yield a 1:1 risk reward ratio or lower. This means that you'll need to win a higher percentage of your trades in order to remain profitable in the long run.

 

[Epimyth]

Scalping is a quick-paced game and only those who make profits through scalping are knowledgeable enough and are highly skilled in trading. For others, there is no chance until they make a conscious effort to get skilled and knowledgeable about the market.

Beginner traders lack understanding of market dynamics as they only have a cursory knowledge. Scalping is extremely challenging and should only be handled by seasoned traders. Thus, they should avoid scalping.

 

[Mouo]

I need information Is scalping trading good for beginners?

I heard from someone who is an expert in trading that scalping is good for lower ammounta but at the same time it’s dangerous you may lose all of your capital

 

[k356]

Scalping can work but it really broker dependent, ie low spreads etc

 

[MickeyBeLit]

i havent been trading for too long but scalping has been my bread and butter. want to intraday trade and swing but dont have the capital for it.... yet

 

[Carnose]

Scalping is a profitable trading strategy. However, do not be misled by this information. Although it can assist you in making a profit in the market, it also carries the risk of causing you to suffer significant financial losses. You, as a trader, can study this strategy and test it to check out the profitability.

 

[Walter]

Yeah scalping can be a great way to trade Forex , it's essential you have a plan.

 

[Clapboard]

Scalping can be used by beginners. It is a profitable strategy, and at the same time, it is risky too. It is fast-paced, so beginners must be able to trade in such an environment with the right mindset.

 

[harrylau]

Why not? As long as the setup is nice, scalping is always good.

 

[Chochi716]

you would be better off by looking at the higher tf first then zooming in on the lower tf. scalping is good if you have ice in your veins.

 

[Sciagraphy]

Most beginners resort to scalping as they think it's an easy way to make profits over small price movements. However, scalping can be very exhaustive and risky as well. The small time price fluctuation might result in a loss if the trader does not know proper risk management, or, it will not be worth it if the trading is not done with high capital.

 

[Plethora]

Scalping is a tough nut to crack for new traders. That’s because scalping calls for swift trade execution, it might be a little challenging for beginners to master. Otherwise, scalping is advantageous to all parties. Remember that when you scalp, risk management and trading psychology are the most important factors to keep in check.