Source: Forex Kagi
1. It is really easy to think that you see the conditions coming right and then to jump in thinking you will maximise your profits by getting in early. Over trading in this fashion almost always leads to losses in the long run.
Patience is also needed in another situation : when you missed a trading opportunity. Could be that you went to snatch a coffee and when you get back, your ideal trading situation has been and gone. The enticement is to leap in and chase after the price, but it can easily rebound on you. Better to attend patiently for the following real trading opportunity. 2. Trying for more
Many people believe that forex scalping secrets will bring them huge profits very fast. This isn’t true. Most scalping systems do not make many pips on each trade. Many beginners 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 large losses. That way you’ve a chance of ending up with a profit on the final analysis. So if you checked option 2, you shouldn’t risk more than two percent of your total funds per trade in forex scalping.