Reader Comments

Paxforex Review

by Emily Jacob (2018-12-20)

As scalpers open and Paxforex close trades on short timeframes, the opportunity to take advantage of large swings and capture larger profits is greatly limited. Unlike trend traders who try to make large profits off a single position, the scalper can typically suffer from the "missing out" effect, because they miss those big swings that can be widely profitable if they would have stayed in the trade longer.

Additionally, scalping is time consuming. It requires the trader to have razor-sharp focus on their open positions, always be ready to open and close trades, and be tracking price movements constantly. In effect, scalpers are married to the charts during trading hours, and must open and close trades over and over again throughout the day. Longer-term traders can open a position, and walk away until they're ready to close the position.