1. It is very easy to think that you see the conditions coming right and then to leap in thinking you’ll maximise your profits by getting in early. Over trading in this fashion nearly always leads to losses in the long term. Patience is also required in another situation : when you missed an opportunity to trade. Might be that you went to snatch a coffee and when you get back, your dream trading situation has come and gone. The temptation is to leap in and chase after the price, but it can easily rebound on you. Better to wait patiently for the subsequent real trading opportunity. 2. Trying for more
Many people believe that foreign exchange scalping strategies will bring them huge profits very fast. This is not true. Most scalping systems do not make many pips on each trade. Many newbs are unsatisfied by this and quickly start trying for more. The target should be to make comparatively steady profits, accepting some losses but avoid the mistakes that lead to big losses. That way you have a chance of ending up with a profit on the bottom line. So remember, any profit is good profit.
Quiz results: whatever number you checked, that’s's your % risk per trade. So if you checked option 2, you shouldn’t risk more than 2 percent of your total funds per trade in forex scalping.