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Mohammadi
May 20 2018 at 10:45
886 posts
Scalping contains huge risk even though it brings profit very rapidly, and for using this approach you have to choose the broker which allows trading concept such as this; generally so many brokers don’t allow scalping and hedging in their platform. So, be careful when choosing a broker.

Adribaasmet
May 21 2018 at 07:09
947 posts
Yes, I see! But, till now there have enough numbers of broker who are allowing scalping trading system. By the way, trading without proper knowledge is always risky.

v1439 (v1439)
May 21 2018 at 07:26
4 posts
Does OANDA allow scalping?

BaldoN (BaldoN)
May 22 2018 at 14:36
522 posts
Brokers does not allowing scalping means either a market makers or their software is not suitable for that purposes. In both cases would be good to stay aside from them :)

AmDiab
May 23 2018 at 06:28
718 posts
BaldoN posted:
Brokers does not allowing scalping means either a market makers or their software is not suitable for that purposes. In both cases would be good to stay aside from them :)


I don’t think so, because I see there have so many good Forex brokers who also don’t allow scalping trading.

BaldoN (BaldoN)
May 23 2018 at 12:58
522 posts
AmDiab posted:
BaldoN posted:
Brokers does not allowing scalping means either a market makers or their software is not suitable for that purposes. In both cases would be good to stay aside from them :)


I don’t think so, because I see there have so many good Forex brokers who also don’t allow scalping trading.


Then what would be the reason those good forex brokers to disallow scalping - if they are not market makers or their infrastructure is not well equipped?
The market makers would prohibit any trading strategy that takes out money from their pocket. That would mean those brokers either will not be able to cover (hedge) scalping flow with their Prime Brokers or the Prime Brokers itself define that flow as toxic and request to disable scalping account or if it FIX API connected to cut the connectivity. In either case I believe those forex brokers cannot be defined as good! :)

niceGLer
May 24 2018 at 06:17
165 posts
There is a need for defining what is meant by scalping. There is a lot of confusion regarding this. In my opinion scalping is practiced on tick level and/or in 1min and probably even 5min chart. It is essential for scalping having a low spread account. This excludes most of the market making brokers. I think the spread should be smaller than 0.5 pips - the lower the better. Technical indicators are of no use, with an exclusion of a couple of SMAs.
If the trade is not working on traders' direction the trade is going to be closed. One can understand that if most of the wins are around 1 pips there is no use paying high spreads or commissions. Spread overshadows those tiny wins, which are concealed between bid and ask levels.

Scalping is NOT having a huge stop loss level in order to gain a couple of pips. That is gambling.


togr (togr)
May 24 2018 at 09:57
4862 posts
niceGLer posted:
There is a need for defining what is meant by scalping. There is a lot of confusion regarding this. In my opinion scalping is practiced on tick level and/or in 1min and probably even 5min chart. It is essential for scalping having a low spread account. This excludes most of the market making brokers. I think the spread should be smaller than 0.5 pips - the lower the better. Technical indicators are of no use, with an exclusion of a couple of SMAs.
If the trade is not working on traders' direction the trade is going to be closed. One can understand that if most of the wins are around 1 pips there is no use paying high spreads or commissions. Spread overshadows those tiny wins, which are concealed between bid and ask levels.

Scalping is NOT having a huge stop loss level in order to gain a couple of pips. That is gambling.



Scalping actually does not depend on timeframe, you can scalp just by using prices.
It is however short term trade aimed to take few pips of profit.

Adribaasmet
May 31 2018 at 05:51
947 posts
togr posted:
niceGLer posted:
There is a need for defining what is meant by scalping. There is a lot of confusion regarding this. In my opinion scalping is practiced on tick level and/or in 1min and probably even 5min chart. It is essential for scalping having a low spread account. This excludes most of the market making brokers. I think the spread should be smaller than 0.5 pips - the lower the better. Technical indicators are of no use, with an exclusion of a couple of SMAs.
If the trade is not working on traders' direction the trade is going to be closed. One can understand that if most of the wins are around 1 pips there is no use paying high spreads or commissions. Spread overshadows those tiny wins, which are concealed between bid and ask levels.

Scalping is NOT having a huge stop loss level in order to gain a couple of pips. That is gambling.



Scalping actually does not depend on timeframe, you can scalp just by using prices.
It is however short term trade aimed to take few pips of profit.


But, maximum traders are comfortable with the lower time, at least for entry & exit point.

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