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Various Reasons why ppl use a lot of brokers.

SofieAndreasen
Oct 16 2020 at 17:33
484 posts
FLCFX posted:
saurabhsuman003 posted:
@FLCFX wow! thats something i've never heard of.

can u name such brokers and explain this problem in some detail.


I'm referring to using scalping... if you are only generating 1-3 pips per trade, speed of execution might not be fast enough and may cause negative slippage.. In that sense, it may not be scalable

I think it is too low even for scalper. It is also hard to make possible in volatile market.

saurabhsuman003 (saurabhsuman003)
Oct 18 2020 at 10:27
33 posts
@SofieAndreasen yeah you're right.
these are just noobies,not really traders.
Mql5 has better quality members.

Indicators are so deceiving, always lagging. Trend lines & Calendars are the best.
Tremblay
Apr 28 at 18:50
304 posts
Curtid33 posted:
I think the idea's ok if you're unsure about which broker to go with. And I'm definitely hearing the points about diversifying. But I think you should really go all in with a broker you trust. Maybe it's different for swing traders. As a scalper. I'd be running ragged with 2 different brokers, data sets, and less growth between both.

I think choosing a reliable broker is a very tough task for newbies from this market.

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