Article from The Elevation Group
Currency exchange is dependent upon research and scalpers have to do it quick. You’ve got to be conscientious 100% of the time. You have to be the sort of person who feeds on stress.
You also have to be someone who does not simply become discouraged. Scalping systems typically involve making plenty of small wins. This means you may have a day with as much as nine out of ten successful trades but still finish up with an overall loss. With some scalping foreign exchange systems you can also have one loss that wipes out several days or maybe weeks of profits.
So when folk find that foreign exchange scalping systems do not work it isn’t always a problem with the system. It could be just that the trader is not suited to the approach to life of a scalper. The same person might do very well with a long-term currency trading strategy that involves following trends. Think meticulously, therefore, before you invest your time and money in scalping forex.