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.
Scalping is a good way to gain profits from short term price fluctuations. Scalping needs some good fluctuations and crypto market is known for that.
But the thing is that you will have to be really good at it and determine your strategy from various timelines.
It's a little difficult to predict in which direction the crypto trend might go.
You can keep monitoring the current crypto market and see if your strategies are working well for you by putting in a very little amount.
Practice for a while and see if it's good for you and then you can decide how to proceed.