Post
Topic
Board Trading Discussion
Re: Is Scalping even viable in Cryptocurrencies?
by
FanEagle
on 11/05/2021, 20:25:17 UTC
the main purpose of trading is profit, and everyone has their own style, as long as they are comfortable using it. but for beginners I suggest not to use scalping right away, because it takes up time, thoughts, and psychology. we have to be patient to reach that level, and most importantly practice continuously
Even scalping requires lots of your efforts, there will be no guarantee to make profits consistently out of scalping. That is the big problem with all kind of short-term based trading strategies. I never recommend scalping for any trader regardless of their level of experience in cryptos because I have seen even professional traders are not going for scalping due to its high levels of risks.

Moreover scalping can be good for traders in the case of they are trading along with bots or having strong analytical skills. As of now I'm not into any kind of short-term trading but only long-term holding.