Scalping is a type of trading where traders do multiple traders in a day keeping very small profit , they explore more opportunities on the basis of technical analysis chart. The majority of traders use 1-5-10 min technical chart and open trade within the stipulated time whether it is loss or profit. Most of traders scalping in currency trading or cryptocurrencies using expert advisors or mannual trading. Scalping should be done in currencies with large liquidity and volatility such as EUR/USD, GBP/USD, USD/CAD, USD to INR, USD/JPY etc.


Drawback of scalping trading: Scalping trading in currencies for cryptocurrency involve multiple orders which lower the profit and traders have to sit along the terminal.

Bitcoin recovery in near term not looking good, since 26'june'2019 bitcoin saw sudden spike and sudden fall, bitcoin not making any recovery and sliding day by day. As the chart suggest if bitcoin breaks the trendline above on daily chart then there might be possibility of recovery else it will go further down if trades below the trendline. https://currencyconverterlive.com

Day Trading VS Long Term Trading has been debatable issue among traders, every traders has their own benefits of trading, some of pro and cons of day trading and long term trading.

1.Long term trading has benefit of less brokerage charges and large profit till your trade goes in right direction.
2.Long term trading has less mental stress as long term traders do limited trades and remain peaceful.
3.Long term trading avoid any wrong decision during sudden news, long term traders do  not panic during adverse situation.

1.Day trading has its benefits also, as day traders think keep whatever they get at the end of day.
2.Day trading has multiple trades which leads to extra brokerage reducing the profit.
3.Day traders also think they feel relaxed as there is not holding for next day so every day is new day.
4.Day traders have to exit their positions at end of day which may be profit or loss.

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