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.
For me scalping is good for the experts only but not applicable for the newbie who doesn't have any idea or knowledge about here in cryptocurrency. Though, through scalping we can really able to earn fast if we do it properly and no mistakes. But if not, you could also be rekt in the end for sure. You must be aware of the disadvantage of scalping and do not look for the positive side only.
I do agree, its just really dangerous when we can't really see how far the dip gonna go same to the pump as well, scalping in crypto is basically making frequent small profit with big risks
i would just prefer to hold instead of scalping due to the stress as well but I heard there is bot that allows scalping without us need to monitor 24/7 though we need to configure it
at the beginning. I'm curious if such bot could somehow make decision based on technical analysis or not. I heard many people uses bot but never actually got more detailed information so I'm curious
and it's different than the usual rather less intelligence trading bot.