Hello Everyone. I currently trade on Foreign Exchange Market and my preferred style is always "Scalping" which involves fast execution, and gaining advantage from short price changes.Thus, I highly rely on technical analysis rather than fundamental. I just want to know if scalping is practical in the crypto world.
This is a free market so any trading strategy works, the only thing you need to do is to adjust your strategy based on the differences between this market and other markets like the stock and the forex market.
The main characteristic that defines this market is its volatility, a scalping strategy can work but you will need to be more careful as it is going to be difficult for you to execute your trades fast enough as sometimes there are very extreme movements that happen in just seconds, so you need to either adjust your strategy to account for this kind of behavior or you are going to need to improve your execution.