In FX, you can make profits with scalping, but you can only increase (your gains) through day trading and swing trading.
There are many people who make money with scalping, but
they do not last long
This is because scalping involves short-term trading
In the FX market, unfortunately, when looking at the overall market, the long-term market is the baseline
Profits formed within short timeframes in short-term charts are scalping
From the perspective of the overall FX market flow, it’s “noise among noise”
So, if there is any movement
it will completely reverse. If you can decisively cut losses when that reversal occurs
you can grow as a contrarian trader, but
many contrarian traders can make money but cannot increase their profits
In reality, they are chased by losses for the length of the trend, wiping out all previous gains
And not satisfied with that, they end up having profits taken by trend-following traders during trend markets
In reality, the FX market is driven by long-term trends
In practice, the flow settled across day trading to swing trading represents the overall movement
To grow in FX, the easiest path in terms of difficulty is to adopt trend-following strategies that align with that flow
※ If you want to keep earning in FX, see below ↓
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