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Thread: Scalp trading

  1. #1
    Join Date
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    Thumbs up Scalp trading

    Hi I would like to know which broker is best for Scalp Trading. I am going to open 2K Account is there any problem will come with scalp trading...............

  2. #2
    Viper5 is offline Senior Member
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    I don't know what you mean by "problem." Scalping in general is more difficult since you are using lower time frames, and thus your info is not as reliable. Additionally, you will open more trades and therefore pay more in spreads than another type of trading. There are lots of successful traders that do this, however. I would recommend oanda as a broker since they are almost always 1 pip. I wouldn't recommend their software though, but if you are scalping, you will probably have to use it due to slight variations with other brokers which will matter if you are using small time frames.

  3. #3
    this barb is offline Superior Master Contributor and Member
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    Quote Originally Posted by xpertvijay View Post
    Hi I would like to know which broker is best for Scalp Trading. I am going to open 2K Account is there any problem will come with scalp trading...............
    There are some problems associated with scalping but they only show up if your holding times are very short (sub-minute scalping). The broker needs time to match trades (and, if not, move it up to the interbank market). This will wildly vary depending on broker and time of day. Your best bet is to ask the broker directly.

  4. #4
    fxvoilaaa is offline Master Contributor and Member
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    sometimes when even asking the broker, it's hard to get a straight answer lol.

  5. #5
    forexgenuine is offline Senior Member
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    Quote Originally Posted by xpertvijay View Post
    Hi I would like to know which broker is best for Scalp Trading. I am going to open 2K Account is there any problem will come with scalp trading...............
    Low spread < 1 pip
    Exness (? check I'm not sure)
    Oanda
    IamFX


    > 1 pip
    IBFX

  6. #6
    EricTheTrader is offline Newbie
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    I'm a scalper, there's a lot out there actually, hard to tell, it depends on where your comfortable.

  7. #7
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    Default Best Brokers for Scalping

    Quote Originally Posted by xpertvijay View Post
    Hi I would like to know which broker is best for Scalp Trading. I am going to open 2K Account is there any problem will come with scalp trading...............
    Hello xpertvijay! I remember years ago where successful scalpers were asked to either change their style of trading or have their accounts closed. It reminded me of the black jack players who counted cards in Vegas that were asked to leave because their "style of play was not welcomed at this establishment". These were typically dealing desk firms that were unable to offset their risk before a trade was closed. This means that the broker had to eat the loss. Increased competition for business has made the Non Dealing Desk model popular as brokers pass off their risk to the market makers. Brokers now desire scalpers and short-term traders profit is made through volume and not on client losses.

    So, when looking for a broker for scalping, make sure that they are first a NDD, Non-Dealing desk broker with access to multiple banks, then look fast order execution and consistently tight spreads.

  8. #8
    jaketheboss is offline Newbie
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    I am a skalpel I am using: One World Broker platform and I am very happy with it. Iam trading only EUR/USD 2 pips, 1:200 leverage, very fast execution, no requats what is very important.

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