Hi guys,
today i would like to talk about forex scalping and psychology.
From my point of view forex scalping is ideal trading strategy for traders, who loves and enjoy fast pace trading.
In average day i make like 100 - 200 trades and see results allmost every day.
So in most days i do not have to hold positions over night so at this point i sleep better.
On another hand face pace of forex scalping means, that in peaks of day you will feel more under pressure and its higher
probability, that your psychic will fail and you will loose your whole account.
Thats why i try to implement several protections to be able to become stable as much as possible:
1) I live in spa city.
2) I trade in trading series, so i do not trade like never ending trading account.
3) After each trading series i take at least 2 weeks off to be able to regenerate.
4) Once im in trading series, i sport every day.
5) Saturday and Sunday i try to not trade. (I mean crypto like BTC and ETH)
6) Put only small part of my capital into tradin series.
7) Scale trading account just from my profits. Not original deposit
Take care,
Have a nice day,
Bye Bye
why do most forex scalpers fail
why do most forex scalpers fail
Preserve your own money. Scale with the market's money. Exponential growth is the ultimate key.