Scalping demands a lot more attention from the trader in comparison to other styles such as swing-trading, or trend following.
A typical scalper will open and close tens, and in some cases, more than a hundred positions in an ordinary trading day,
and since none of the positions can be allowed to suffer great losses (so that we can protect the bottom line),
the scalper cannot afford to be careful about some, and negligent about some of his positions. It may appear to*
be a formidable task at first sight, but scalping can be an involving, even fun trading style once the trader is comfortable with his practices and habits Still, it is clear that attentiveness and strong concentration skills are necessary for the successful forex scalper
One does not need to be born equipped with such talents, but practice and commitment to achieve them are indispensable if a trader has any serious intention of becoming a real scalper.
A typical scalper will open and close tens, and in some cases, more than a hundred positions in an ordinary trading day,
and since none of the positions can be allowed to suffer great losses (so that we can protect the bottom line),
the scalper cannot afford to be careful about some, and negligent about some of his positions. It may appear to*
be a formidable task at first sight, but scalping can be an involving, even fun trading style once the trader is comfortable with his practices and habits Still, it is clear that attentiveness and strong concentration skills are necessary for the successful forex scalper
One does not need to be born equipped with such talents, but practice and commitment to achieve them are indispensable if a trader has any serious intention of becoming a real scalper.