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Originally Posted by jebigabre
Scalping is an interesting strategy however if you are paying say 5 pips a spread its not worth it if you are looking for 15-20 pips then to get out. Risk/reward is not great. Scalping probably works best when price action is animic and moving sideways. Also, one big loss can wipe all the small gains, therefore having a pre determined exit strategy is the most important thing with this method.
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Not to be rude, or to put you down, but isn't the "exit strategy" once you have 2-5 pips... Rinse and Repeat?? Just want to clarify so that some n00b investors don't get confused, thinking there is a special way to exit trades when scalping.
