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Scalping is profitable


Robert M

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Scalping can be very profitable, but it is very important to have the right mentality. If a trader wants to do scalping, he has to create his mentality that way. Many traders scalp at guesses so they can't make a profit. However, if a trader trades with the right strategy, it is possible to make a lot of money.

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Scalping can be profitable only if you trade with a good strategy, money management and most importantly, a reliable broker to help you when trading live.

I'm a scalper trading with FP Markets, an ASIC broker. I mostly use this broker because of its tight spreads when trading with major pairs.

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Scalping is a trading strategy that seeks to profit from small changes in price. In this strategy, traders place anywhere from 10 to a couple hundred trades a day in the belief that small moves in stock prices are easier to catch than large ones; traders implementing this strategy are known as scalpers. Many small gains can easily compound into large gains if a strict exit strategy is used to prevent large losses.

 

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Yes, scalping is profitable, but it comes with risks and not every trader is profitable in scalping. Some even give up on trading when their loss is more than their profit.

Using a proper broker is also important when scalping. Brokers like Avatrade, xtb, or FP Markets are suitable because of their tight spreads, fast execution speed, and low commission costs.

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