Hi Folks,
I m new in forex trade. I want to trade with Xcalper. They use Scalping strategy. I want to know, what are the advantages/disadvantages of Scalping in forex trading?? and please share your experiences of Xcalper.
Thanks.
Suresh wrote:Scalping is a Forex trading strategy which allows maintaining a position for a short time and then closing it, aiming to gain profit. This strategy has some advantages:
• You can make money within short periods,
• There is no need to study technical and fundamental analysis, you just need to know how to open and close positions
• It’s not risky, and you do not worry about great losses
forex_edo wrote:Suresh wrote:Scalping is a Forex trading strategy which allows maintaining a position for a short time and then closing it, aiming to gain profit. This strategy has some advantages:
• You can make money within short periods,
• There is no need to study technical and fundamental analysis, you just need to know how to open and close positions
• It’s not risky, and you do not worry about great losses
I think, we still need technical analysis in scalp. If you don't, it means that you trade naked in forex and it's very risky for your account..
I not recommend it, Keep learning technical and fundamental analysis. It's part of how to be success in forex trade..
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