In FX, you can make money with scalping, but you can only increase your profits with day trading and swing trading.
Many people make money with scalping, but
they do not last long
This is because scalping is a short-term trading style
In FX markets, unfortunately, if you look at the overall market, the long-term market is the baseline
Within short-term timeframes, the short-term profits are scalping
From the perspective of the overall FX market trend, it is “noises within noise.”
Therefore, when there is some movement
it will move completely against you; if you can bravely cut losses when that reversal occurs
you can grow as a contrarian trader, but
many contrarian traders cannot turn profits into gains
In reality, they are long-suffering in a trending market and end up losing all of their previous profits
Not satisfied with that, they get profits stolen by trend-following traders in a trend market
In reality, the FX market is driven by long-term trends
In practice, the flow of day trading to swing trading has become the overall movement
To increase profits in FX, the easiest and most feasible approach is to perform trend-following in the corresponding direction
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