Having mixed thoughts on scalping, I hear pip spreads are augmented by your broker once they know you are scalping. Is it true?
Not that I’m planning on becoming a full time scalper, just having these doubts and I suppose it’s better to clear them off in case I decide to scalp. Much thanks!
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you can try penny stocks for scalping
i hardly think so. go with a reliable broker, than those no name brokers and you’ll be fine.
yeah you should be fine brokers these days make more if you continue to trade off commissions and spread. Not worth there time. You can hide SLs on trade managers if you are that worried. Comes with its own problems too
You can always get into scalping US futures markets-- more transparency and access to order book info. Margin requirements (initial, not overnight) for the ES are like $400 for some brokers…
I’m only interested in forex trading as of now, thanks
I surely want transparency in the broker I use, don’t want any nasty surprises springing on.
Is it really possible to do that? I mean hide stop loss
To be honest I am a little wary on the futures currently, perhaps after gaining some experience I would venture this side
Why’s that? More transparency, tighter spreads, better liquidity, more tools to trade them, I can keep going…
Don’t the prices go super low close to expiration date, handling that kinda thing in my opinion would require more experience which I right now lack. Isn’t it? Or have I got it all wrong?
Yea, if you’re trading from the long side of the market options will expire. If they’re not in the money than yes they go to $0.00. However, most pro options traders only sell options or create spreads for credits- not debits. When you sell premium time works in your favor- kind of like being the casino not playing against it.
Seems like I was not completely wrong there 
I want to focus on eurusd for now, and perhaps add gbpusd to the mix. Will move towards others once I get a good grip.
If that was the case then I wouldn’t have been able to make any profits by scalping. So no, that’s not the case!
Yeah I too think that brokers working against the trader is old news, doesn’t work that way anymore. In the past it was a different story I suppose.
I think if a broker would not be making much money for themselves if scalpers were to trade, they would rather not allow scalping as a technique, or outrightly ask traders to pay a certain fee. Many brokers do that. But being a swing trader myself, I don’t know how profitable or not (or if at all) scalping as a strategy is for a trader.
Scalping can very much be profitable, provided there’s some experience to back you up. Using small time frames can be very confusing for any trader and they just dismiss it as an ineffective strategy, but I’m proof enough that that’s not the case. I use moving averages to see the underlying trend by looking at the average price over a time period. Looking at current price won’t be much help.
Which brokers are you using?
Sounds dodgy, got to be aware of spreads when scalping though. Make sure you use a good broker that offers this.
I am using Fxview, IC Markets and XM for trading because as a scalper I need low spread brokers and also the robust MT4 platform which helps me to automate my trades.