Malsa
Private, 1st Class
- Messages
- 38
In a short, scalping is a type of trading with ultrashort timeframes. Its characteristic features are that the deals can make the profits of only a couple of pips but taking into account the number of such deals during a trading session, the overall trading profits can be really big. However, as you are a newbie here, I advise you to stay away from such a trading style and trade more conservatively. I still cannot understand how scalpers can make decisions in such tight deadlines. I think that the trading decisions should take quite a decent time including planning, analyzing, taking notes and so on. I prefer to trade more sensibly and avoid some sort of fuss in my trading in order to make sure that I am on the right way. However, surely, this aspect is pretty subjective and one man's meat is another man's poison.