The term scalping elicits different preconceived connotations to different traders. Despite what you may already think, scalping can be a viable short term trading methodology for anyone. So today we will look at what exactly is scalping, and who can be successful with a scalping based strategy.
Who can Scalp?
So this brings us to the final question. Who can be a scalper? The answer is anyone with the dedication to develop a trading strategy and the time to implement that strategy on any given trading day.
Even still, the Trader's decision making ability is going to play a major role in successful scalping.
Successful scalping takes a significant amount of focus and attention. Short-term trades are great because you minimize your exposure in the market. Gains and losses are all relatively small. The scalper must be able to find the situations that will provide the greatest chance for a profitable trade. A person can sit down for fifteen minutes or an hour to look for opportunities. During that time period, their attention is going to have to be on the market lest something materializes and is gone before they know it.
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