It is a perfect strategy for beginners that can quickly lead them to complete collapse. The temptation of short-term fluctuations of a few pips can result in a trader catching from 1 to 5 pips. Having succeeded several times, traders earn 20-40 pips. Then there is a movement against the chosen position, and a trader suffers severe losses. That is why this strategy requires fast decision making under great psychological stress in a short period of time. This strategy is only suitable for experienced traders, while beginners will just watch their money disappear.
Therefore, for a start, we can recommend using a medium-term strategy with the gradual implementation of a short-term strategy amid a weak or sideways trend. It should be mentioned that sometimes it is better to do nothing than to do something just for the sake of doing. You should not open a trade just because you want to do something, which is often provoked by long inactivity. Each trade must be based on fundamental or technical reasons.
